2
September 2024
Zenova Group
PLC
("Zenova", the "Company" or the "Group")
Inaugural order for Zenova FP
fire retardant paint from large, new client in
Albania
Zenova Group PLC (AIM: ZED), the innovative fire suppression and
interdiction solutions Company, is pleased to announce an initial
order for 920 litres of Zenova FP intumescent / fire retardant
paint from a large private trading firm, The Kastrati Group, in
Albania. This initial sale has been successfully negotiated
by AED Ltd, our recently announced Albanian sub-distributor, and is
separate from the order the Group announced with AED back in
July. Revenues will be recognised in this financial
year.
Kastrati Group is a large
privately-owned group of companies, employing over 3,500 people,
established and operating in Albania and the Balkan region, and
which includes Albania's largest retail and wholesale trader of
hydrocarbon products.
The basic Zenova FP colour will be
customised by the Company to this new, large client's specific
tinting needs and then used as a trial application, which is
expected to lead to larger follow-on orders.
Thomas Melchior, CEO of Zenova Group, commented, "Our sub distributor-driven sales model in
targeted markets is beginning to take root. Whether driven by
the need for our industry-leading certified products or the higher
regulatory requirements on safety standards for forever chemicals,
Zenova is seeing an increase in high quality enquiries which are
then translating more frequently into larger initial order sizes
from new clients or intermediaries. After Wednesday's
announcement of a significant inaugural order with UK fire safety
products' giant, O. Heap & Son, today's breakthrough with
Kastrati constitutes what our management team sees as an
accelerating trend and further supports our confidence in Zenova's
future."
For further information please
contact:
Zenova Group PLC
Thomas Melchior, Chief Executive
Officer
Via Orana Corporate LLP:
Fiona Rodford, Chair
Anthony Eastman
Tel: +44 20 3475 6834
SPARK Advisory Partners Limited (Nominated
Adviser)
Matt Davis / Adam
Dawes
Tel: +44 20 3368 3550
Peterhouse Capital Limited (Broker)
Charles
Goodfellow
Tel: +44 207 469 0930
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 and electrical 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.