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RNS Number : 7437M
Zenova Group PLC
18 September 2023
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
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18 September 2023
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Zenova opens US market with first delivery of 13,654 units of
Zenova FX500
Zenova Group PLC (AIM: ZED), is thrilled to announce that first
deliveries of 13,654 units of Zenova FX500 handheld aerosol
extinguishers for the USA market to our recently announced new sub
distributor Petra Industries, 7,500 units have been purchased from
Omnis, our distribution partner in the USA. The total value of this
initial delivery is in excess of GBP136,000 for Zenova including
some promotional support, Zenova anticipates that this will be
recognised in the current financial year. This is the first time
that the Zenova FX500 is available for purchase in the USA and it
is expected that orders volumes will increase as more distribution
channels are opened in the USA.
About Petra
Petra is the industry's consumer technology
authority-distributing products for more than 800 brands. Petra
brings tens of thousands of top name-brand products to tens of
thousands of retail and e-tail partners. Founded in 1985 with a
focus on and passion for accessories, today, Petra serves markets
with products from more than 60 categories, including smart home
tech, housewares, outdoor tech, home and office accessories and
much more. The most sought-after hardware and add-ons in consumer
technology are stocked at Petra's 525,000 sq. ft., state-of-the-art
distribution centre and are distributed all over the country.
https://www.petra.com/
About Omnis
Omnis is a US based distributor, partnering with manufacturers
of innovative solutions, acting as a catalyst to unlock substantial
and sustained market growth. Omnis seek to find optimal routes to
market leveraging its network and bringing the best partnerships
together.
https://www.omnisusa.com/
"We are excited to enter the US markets and are looking forward
to accelerated expansion into additional distribution channels to
provide US customers with personal fire protection through our
Zenova FX500 aersosol fire extinguisher" said Thomas Melchior, CEO
of Zenova Group. ""The Zenova FX500 is uniquely designed to address
the increasing risk of household lithium battery fires. "
Craig Chivers, CEO, Omnis said, "The Zenova FX500 is an ideal
product to manage personal fire risks. We are looking forward to
expanding market access and deliveries to customers all across the
USA."
Tate Morgan, President of Petra Industries said: "I am
incredibly pleased to receive the first delivery of the
cutting-edge Zenova FX500 fire extinguisher. We are excited to be
part of Zenova and Omnis's journey to expand US market access to
end users in the USA."
For further information please contact:
Zenova Group PLC
Thomas Melchior, Chief Executive Via Orana Corporate LLP:
Officer Anthony Eastman
Fiona Rodford, Executive Vice Chairperson 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.
Zenova CS, ceiling sprinkler
Blending the best features of both detectors and extinguishers
while avoiding the drawbacks of each. It senses heat rather than
smoke, resulting in less false alarms, and it's an automatic system
that doesn't require a battery or a person to operate it. The
modular Zenova CS unit expels 2.4 - 4.8 L of proprietary Zenova FX
suppression fluid at high-pressure to suppress the source of a
fire, yet maintains visibility that allows occupants to evacuate
quickly.
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