RCS - Eco Buildings Group - CE marking approval and certification

Eco BuildingsAnnouncement

03/02/2025 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250203:nRSC5861Va&default-theme=true

RNS Number : 5861V  Eco Buildings Group PLC  03 February 2025

3(rd) February 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

Confirmation of CE marking approval and certification

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, is
pleased to announce that it has achieved CE marking (Conformite Europeenne)
for its products for use throughout the European Community.

CE Marking:

CE marking is a regulatory standard that verifies a product has been assessed
by the manufacturer and deemed to meet EU safety, health and environmental
protection standards. It is required for products manufactured anywhere in the
world that are then marketed in the EU.

Eco Buildings manufactures its glass fibre reinforced gypsum (GFRG) materials
used in its modular housing in its purpose-built factory in Albania to the
highest standards, as confirmed by various certifications around the world
with respect to load bearing abilities, fire resistance, water adsorption and
acoustic insulation. This is designed, manufactured and delivered via our
unique proprietary vertical production technique of GFRG that delivers modular
sections and walls that go into its modular houses.

The CE mark allows its products to be made commercially available within the
EU and opens up these markets where there is considerable demand already
generated.

Sanjay Bowry, CEO, Eco Buildings said, "Obtaining the CE Marking is an
important milestone for Eco Buildings, opening up further parts of the
European Community market, where there is already considerable interest and
demand for our modular homes.

Eco Buildings has already achieved certification in Albania, Australia, the
UAE and Latin America (specifically in Chile) and is now strategically
positioned to leverage its manufacturing capabilities in the marketplace. The
company continues to focus on expanding its presence in the modular
construction sector, driving forward with a commitment to innovation and
efficiency."

 

 

About Eco Buildings Group plc

Eco Buildings is a leading innovator in prefabricated, green housing products,
leveraging proven technology based on GFRG panels. Our modular housing
solutions cater to both affordable and high-end housing markets, combining
cost efficiency, speed of construction, and sustainability. With a growing
portfolio of international projects, Eco Buildings is dedicated to redefining
construction for the future.

Further information is available on Eco Buildings
website: www.eco-buildings.net (http://www.eco-buildings.net/)

 

For more information contact:

 Eco Buildings Group plc                               Tel: +44 (0) 207 380 0999

 Sanjay Bowry, Chief Executive Officer

 Fiona Hadfield, Finance Director

 Spark Advisory Partners Limited (Nominated Adviser)   Tel:  +44 (0) 203 368 3550

 Matt Davis / James Keeshan
 Tavira Securities Limited (Broker)                    Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

 

Notes

The Company has acquired proven and innovative prefabricated technology which
has been in development and commercial use since 2006. Eco Buildings' range of
prefabricated, green housing products based on glass fibre reinforced gypsum
walls ("GFRG") provides a construction solution for both affordable and
high-end housing.

Eco Buildings has already secured two sales contracts with major construction
companies, one in Albania, the other in Kosovo, which are expected to generate
gross sales revenue of approximately up to €38 million in total per annum
over the first three years (approximately €114 million in total) following
Admission.

The market share for factory-based building technology is expected to grow
significantly over the coming years as private developers and the public
sector seek to address the substantial and growing deficit in housing stock
and issues of construction cost, speed and quality and housing affordability.

 

 

 

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABIGDDUGGDGUD