30
January, 2024
Zenova Group
PLC
("Zenova",
the "Company" or the "Group")
Zenova expands into Romania
through appointment of new Sub-Distributor
Zenova Group PLC (AIM: ZED), the innovative fire suppression and
interdiction solutions Company, is pleased to affirm the continued
success of its recently announced B2B strategy in the signing of
another European distribution agreement, this time in Romania, with
a partner attracted by the Company's certification standards across
its paints and extinguisher products.
The non-exclusive agreement between
the Company and its new partner, Distreo SRL, covers the full suite
of Zenova fire and temperature management products. Distreo has
already paid for a pre-order lot of 500 of the Company's FX500
extinguishers and already launched a Romanian market specific
website selling the Zenova FX500 aerosol extinguishers to end
clients.
Mihai Pelean, Distreo Director said, "We have only become aware of Zenova's high performance
paint and extinguisher products recently, but the decision to
partner with the Company was a quick and easy one. The
capabilities of products like the FX500 are of particular interest
to our customers across all business sectors. We are eager to push
the products to the market through key Health and Safety
specialists in our country."
Thomas Melchior, CEO of the Zenova
Group, commented, "The clear acceleration in Zenova's
signing distribution agreements in new countries in Europe like
Germany and Romania, and across the globe is a deliberate execution
of a sales strategy that follows the completion of a
capital-intensive period focused on R&D and enhanced
certification standards of our product suite. We hope and
intend to keep the market and our shareholders steadily appraised
of this, and our commensurate sales progress, over the near- and
medium-term."
For further information please
contact:
Zenova Group PLC
|
Thomas Melchior, Chief Executive
Officer
Fiona Rodford, Executive Vice
Chairperson
|
Via Orana Corporate LLP:
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
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.