TIDMZED
RNS Number : 4984Y
Zenova Group PLC
07 September 2022
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UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
("MAR") WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN
(WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN
7 September 2022
Zenova Group PLC
("Zenova", the "Company" or the "Group")
SIG plc to S tock, Distribute and Resell Zenova products
Zenova Group PLC (AIM: ZED), a provider of innovative fire
safety and heat management technology and products, is pleased to
announce that SIG plc ("SIG") has entered into a strategic
relationship with Zenova and is stocking in its innovative products
to distribute to its customers.
SIG is a leading supplier of specialist insulation and
sustainable building products and solutions to construction
customers across Europe. With annual revenue of GBP2.3 billion, SIG
employs more than 6,800 people in over 425 trading sites across the
UK, France, Germany, Ireland, Benelux, and Poland.
SIG has placed an initial order of circa GBP40k for Zenova
products consisting of ZENOVA primers, ZENOVA IP thermal insulation
paint, ZENOVA IR thermal insulation render and ZENOVA FP fire
protection paint. Alongside the order, Zenova will work with SIG to
provide training to its staff on the products, which will be sold
via SIG's UK branches and associated websites. As a result Zenova
anticipates that a substantial order book will build from this
relationship.
Russell Pagan (SIG UK's Business Development Director)
commented: "I am pleased that SIG UK are a strategic partner of
Zenova, helping to bring their innovative solutions to market."
Commenting on the news, Tony Crawley, CEO of Zenova Group PLC,
said: "SIG has a long- established focus on products and solutions
that help drive energy-efficiency and we are delighted to be
supplying SIG with Zenova's products for sale in the UK.
"As a leader in its respective markets, SIGplays a critical role
in mitigating climate change across the construction industry and
its insight and specialist knowledge is something customers rely on
and respect. By supporting the supply of our products with
training, SIG's staff will better understand the uses and benefits
of Zenova's innovative range, and be well equipped to share that
knowledge with customers leading to a significant number of
sales.
"We believe that Zenova's products have a significant role to
play in helping to address the fire safety and building insulation
challenges we currently face, and by working with SIG we will be
continuing to increase understanding, awareness and adoption of our
innovative products throughout the construction sector."
For further information please contact:
Zenova Group PLC
Tony Crawley, Chief Executive Via Orana Corporate
Officer LLP:
Don Nicolson, Non-Executive Chairman Anthony Eastman
Tel: +44 20 3475 6834
SPARK Advisory Partners Limited (Nominated Adviser)
Matt Davis / Adam Dawes Tel: +44 20 3368 3550
SI Capital Limited (Broker)
Nick Emerson Tel: +44 1483 413 500
About Zenova Group PLC:
The Group, through Zenova Ltd, is the holder of intellectual
property that underpins a suite of fire safety and temperature
management products and technology. The product range is applicable
to industrial, commercial, and residential markets. The Group's
products include fire retardant paints, insulating paints and
render, fire extinguishing fluid and applications. Through
innovative development, and a refined formulation and development
process, Zenova provides industry leading solutions across a range
of fire protection and temperature management problems,
comprising:
ZENOVA FP
A water-based fire-protection paint that prevents ignition and
spread of fire. It can be used in commercial, industrial, and
domestic applications on variety of materials, from wood to
metal.
ZENOVA FX
Patent pending fire extinguisher filled with proprietary ZENOVA
Fluid (ZENOVA FXB) that extinguishes all types of fires, reduces
chances of re-ignition, works in cold (-15 C) conditions, is
non-toxic and does not produce harmful by-products.
ZENOVA IP
Thermal insulation paint that creates a thermal barrier,
provides thermal reflection of sunrays and infrared radiation,
anti-condensation, and anti-mould properties. It can be applied to
virtually any exterior or interior material, regardless of the
surface.
ZENOVA IR
Thermal insulation render to enhance the effectiveness of
insulation by creating a thermo shield. It fills all cavities and
gaps regardless of geometric shape and creates a vacuum - the most
effective insulator.
ZENOVA WB
A wildfire barrier fluid (applied via spray wands or aerial
drops), which provides a virtual barrier where fire simply will not
burn. Repeated tests on a variety of extremely dry wildfire fuels
(grasses, hays, brush) demonstrates the incredible fire resistance
Zenova WB provides, while remaining viable after application for
30+ days in dry conditions.
ZENOVA CS
Patent pending next generation ceiling sprinkler filled with
proprietary Zenova Fluid (ZENOVA FXB) that removes the need to
install large fluid tanks, piping, complicated equipment, and
software. This sprinkler could be installed in the kitchen.
The Group has achieved this without compromising the
sustainability of natural and economical resources, including
personal health and safety, with ecologically sound products.
Further information on the Group can be found at
www.zenovagroup.com
About SIG plc
SIG is a leading supplier of specialist insulation and
sustainable building products and solutions, differentiated through
expertise, service and proximity. Operating in six markets - UK,
Ireland, France, Germany, Poland, and Benelux - SIG has a strong
heritage of specialist knowledge and expertise and a wide and
integrated network so it can be close to its customers to meet
their needs. SIG is well placed to support sustainable construction
through its long-established focus onenergy-efficient solutions and
by the progress it has made, and the targets it has set , to
decarbonise its own operations.
Using its insight and specialist know-how, SIG is supporting its
customers and manufacturers to make tangible steps towards a
greener future.
Further information on SIG plc can be found at
www.sigplc.com
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