TIDMZED

RNS Number : 9811M

Zenova Group PLC

27 September 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED 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.

27 September 2021

Zenova Group PLC

ZENOVA INSULATION PRODUCTS FOR SOUTHDOWN HOUSING LAUNCH DATE

(AIM: ZED)

Zenova Group PLC ("Zenova", the "Company" or the "Group"), a provider of innovative fire safety and heat management technology and products, is pleased to announce that Southdown Housing Association which has selected its innovative insulation products for a pilot project making use of the insulating properties and capabilities of Zenova IR render and Zenova IP paint is being launched on 4 October this year.

In addition, Synetica Limited ( www.synetica.net ) has been retained as an independent third party tasked with testing the effectiveness of the Zenova products used in this pilot programme.

This full pilot with Southdown Housing will assist them in reducing their carbon footprint under the new Government legislation guidelines of zero carbon emissions. With most local authorities looking to achieve this target by 2030, Zenova's innovative products can contribute significantly to accomplishing these objectives. Building operational emissions, which include heating, cooling and lighting, contribute to 28% of all global emissions.

The pilot is located in a semi-detached residential property that will be rendered using Zenova's unique formulation render (Zenova IR) and its innovative powerful insulation paint (Zenova IP) within the internal walls, floors, ceilings and roof space. Southdown Housing is a specialist charity housing provider and social landlord for vulnerable people, with 580 properties based in Sussex County. It was established in 1972 and has grown to become one of the largest voluntary sector employers in Sussex, providing care and support for over 9,000 people.

Jim Aspdin Director of Housing for Southdown Housing Association said:

"Southdown Housing is pleased to have initiated this pilot program with Zenova Group Plc using its insulating render and insulating paint products.

We are confident that the results of this program will demonstrate that as responsible custodians of housing for our tenants and the community we can progress towards the targeted reduction in energy costs and emissions given rising prices and of course world climate change"

Tony Crawley, Chief Executive Officer of Zenova Group PLC, said:

"This momentous pilot scheme with Southdown Housing now commences at the beginning of October and will prove the powerful efficacy of the Zenova range of insulating products to save energy costs under real-world circumstances. Nowadays, housing sector, including local authorities and trusts face the great challenge imposed by new legislation to meet carbon reduction targets. This increasing necessity to improve the fabric of buildings offers a significant market potential and Zenova has already attracted interest which will further boost the rapid expansion across multiple building facilities."

Enquiries:

 
 Zenova Group PLC 
 Tony Crawley, Chief Executive Officer        Via Orana Corporate 
  Don Nicolson, Non-Executive Chairman         LLP: 
                                               Anthony Eastman 
                                               Tel: +44 20 3475 
                                               6834 
 
 SPARK Advisory Partners Limited (Nominated 
  Adviser) 
 Matt Davis / Adam Dawes                      Tel: +44 20 3368 
                                               3550 
 
 Brandon Hill Capital Limited (Broker) 
 Oliver Stansfield                            Tel: +44 20 3463 
                                               5000 
 Jonathan Evans 
 

Note to Editors:

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-resistant 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 insulating paint that provides thermal reflection of sunrays & 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 insulating 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 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 .

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September 27, 2021 02:00 ET (06:00 GMT)

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