TIDMZED
Zenova Group PLC
15 January 2024
15 January, 2024
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Zenova expands into Latin America through a sales and
distribution deal for all paints and extinguishers
Zenova Group PLC (AIM: ZED) , the innovative fire suppression
and interdiction solutions Company, is pleased to announce
expansion into Spain, Portugal, and Central and South America
markets through the signing of a sales and distribution agreement
for its entire range of heat management and fire safety solutions
with E-Z International. The agreement is exclusive in Portugal and
Central America, E-Z International will sit alongside the Company's
existing sales and distribution partner in Spain. E-Z International
is an SPV recently formed by Gabriel Coll Abrinas, a successful
consumer products entrepreneur in the region, with ambitious plans
to expand sales of Zenova's high performance,
industry-leading-certified paints, and extinguishers. The Company
will benefit immediately from Mr Coll-Abrinas's business
relationships in the Spanish-Portuguese speaking world to penetrate
new markets in Latin America.
The exclusive agreement will cover an initial period of three
years and can continue if the Agent achieves a minimum sales target
level of GBP100,000 per annum. If the sales target minimum is not
met, the agreement becomes non-exclusive. Samples have already been
shipped to EZI and they have begun to engage with large corporate
entities as well as local government departments and are in the
process of demonstrating the products in both Spain and Portugal.
Both parties are confident that these targets will be exceeded
easily through large potential sales in these promising new
markets.
Gabriel Coll Abrinas, Head of E-Z International in announcing
this agreement said, "I am impressed with the performance of
Zenova's innovative fire retarding paints and extinguisher fluids,
in particular through my recent participation in a thorough testing
study at one of Latin America's leading institutes. I have been
consistently impressed with the capabilities of Zenova's leading
product, and so setting up E-Z International in order to better
exploit the growing opportunity for fire safety upgrading across
the Iberian Peninsula and Latin America, was an easy one."
Thomas Melchior, CEO of the Zenova Group, commented, "This
agreement is a further step in executing Zenova's international
expansion strategy through partnering with strong, experienced,
regional companies to accelerate penetration of Zenova products and
solutions. We have been persuaded by Gabriel's excitement for
potential sales of Zenova products and solutions across Latin
America, as well of course, with his significant financial success
of building businesses in the region to date."
F or further information please contact:
Zenova Group PLC
Thomas Melchior, Chief Executive Via Orana Corporate LLP:
Officer Anthony Eastman
Fiona Rodford, Executive Vice Tel: +44 20 3475 6834
Chairperson
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 fire extinguishers. 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, fire protection paint
A water based, fire protection paint (also known as a
'thermofoaming' or 'intumescent' paint), which can be used on any
surface and colour matched to any colour. When exposed to heat or
flames, the paint expands and creates a solid foam-like crust which
will not burn and insulates the surface it is painted on. This
prevents surfaces from catching fire and stops fire spreading. It
has been tested by global fire industry experts and complies with
UK building regulations and the latest UK and European fire safety
standards.
Zenova IP, thermal insulation paint
A thermal insulation paint embeds the most modern insulating
technology in a thermos-like ultra-thin layer. It saves energy by
increasing the thermal insulation level in commercial and
residential buildings. Solar heat can increase the temperature
within a building by 75% to 90%. Zenova IP has been independently
tested and validated to deflect, absorb and dissipate up to 75% of
this heat, thereby reducing the inside temperature by up to 45%.
Suitable for both exterior and interior, on any type of surface
Zenova IR, thermal insulation render
Zenova IR is a ready mixed insulation render that can be applied
to internal and external walls in commercial and residential
buildings to provide immediate insulation benefits and can be
colour matched to any colour.
Zenova FX, fire extinguishers
A fire extinguisher like no other. It puts out class A, B, F, E
fires fully tested against European EN3 as well as British
standards. Available in 6 and 9 litre sizes.
Zenova FX500, aerosol fire extinguisher
The Zenova FX500 is a high-performance handheld fire
extinguisher that is tested by independent experts and adheres to
the highest industry standards. Safe for use on any type of fire
the Zenova FX500 reduces the risk of reignition. The Zenova FX 500
is quick, easy and safe to operated and has been tested to BS6165
standard.
Zenova WB, wildfire barrier
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 for30+
days in dry conditions.
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