TIDMZED
RNS Number : 9985H
Zenova Group PLC
30 November 2022
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30 November 2022
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Board Changes
Zenova enhances Executive capacity to facilitate CEO focus on
near term delivery
Zenova Group PLC (AIM: ZED) , a provider of innovative fire
safety and heat management technology and products, is pleased to
announce that Don Nicolson, currently Non-Executive Chairman, is
appointed Executive Chairman with immediate effect.
Don Nicolson has chaired the board of directors since the
company was admitted to AIM in July 2021 and is now increasing his
role to provide executive capacity as the business develops to meet
the demand it has generated for its products, in particular
supporting the management team as they focus on penetrating markets
globally. Don's many years of international experience in senior
executive roles at companies such as BP will assist Zenova as it
grows and expands its customer base worldwide.
Following Don's appointment, the near-term focus of the CEO will
be the closing of the existing sales pipeline and delivery of
increased sales in the forthcoming 12 months combined with rigorous
cost management and improved brand recognition.
Dr Etrur Albani is stepping down as Executive Vice Chairman and
continuing his role as a Non-Executive Director. He will continue
to provide valuable insight and advice in line with his
responsibilities as a Non-Executive Director.
Tony Crawley, Chief Executive of Zenova Group PLC said: " As
Zenova grows and develops, I welcome the advice, assistance and
wealth of experience that Don will bring in an Executive capacity
to the company to help maximize the opportunities that we have
worked hard to generate to date ."
Zenova Group PLC Executive Chairman, Don Nicolson, added:
"Zenova has remarkable, life-changing, products and I look forward
to bringing additional Executive capability to the business as we
develop existing opportunities to the fullest extent, grow new
markets and look to deliver rapid and sustainable sales
growth."
For further information please contact:
Zenova Group PLC
Tony Crawley, Chief Executive Via Orana Corporate
Officer Don Nicolson, Executive LLP: Anthony Eastman
Chairman 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.
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
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