RCS - Zenova Group PLC - Update on Albanian Manufacturing Facility

ZenovaAnnouncement

13/05/2025 07:02

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RNS Number : 3480I  Zenova Group PLC  13 May 2025

13 May 2025

Zenova Group PLC

 

("Zenova", the "Company" or the "Group")

 

 

Zenova's new factory facility in Albania now fully operational and ahead of
schedule

 

Zenova Group PLC (AIM: ZED), a leading innovator in fire suppression and
temperature management solutions, is pleased to announce that following the
decision to ship and install manufacturing equipment in Albania as previously
announced on 14 April 2025, the factory is now fully commissioned and has
produced the first batches of Zenova FP.

 

Zenova now anticipates supplying its coating products almost immediately to
local customer orders, generated following a successful sample program
conducted recently. Based on the high levels of customer satisfaction from
these small batch samples, the Company expects local demand to continue beyond
these initial orders.

 

The new manufacturing facility has been established in a factory provided by
AED, Sh.p.K, the Company's local sub-distributor, which have completed
extensive building upgrades, including the installation of a two-story
purpose-built laboratory. AED's management team have committed considerable
capital to make this new facility a reality and are highly confident of
current revenue projections from the new, local production.

 

Zenova anticipates that revenue from this facility will exceed €2m within
the first 12 months of operations and grow steadily over time.

 

Thomas Melchior, CEO of Zenova Group PLC, commented; "This exciting
achievement, concluded ahead of schedule, marks the beginning of what Zenova's
management team expects to be an especially productive period across mainland
Europe and in particular, in Albania and the surrounding region, where our
local distribution partner was already  building  a sales presence, but can
now grow those revenues unhindered by the commercial burden of cross border
duties and taxes resulting from Brexit. This local manufacturing capability
allows us to grow significantly in the near term and offers us a route to
maintain our healthy margins without the additional duties burden and variable
shipping costs and attendant delays"

 

For further information, please contact:

 

Zenova Group PLC

Thomas Melchior, CEO

Fiona Rodford, Chairperson

Tel: +44 20 3475 6834

 

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis

Tel: +44 20 3368 3550

 

Peterhouse Capital Limited (Broker)

Charles Goodfellow

Tel: +44 207 469 0930

 

 

About Zenova Group PLC

Zenova Group PLC specializes in the development and supply of advanced fire
safety and temperature management technologies for industrial, commercial, and
residential sectors. Its product portfolio includes the Zenova FP fire
protection paint, Zenova IP thermal insulation paint, and the Zenova FX series
of fire extinguishers, all engineered to meet the highest safety and
efficiency standards in the industry. The product range is applicable to
industrial, commercial, and residential markets.

 

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 CS, automatic ceiling sprinklers

The Zenova CS provides ceiling-mounted fire protection for new builds and can
be easily retrofitted into any existing environment to address all types of
fire risks

 

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.

 

 

 

 

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