RCS - Zenova Group PLC - Zenova expands into Latin America

ZenovaAnnouncement

15/01/2024 07:00

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RNS Number : 6139Z  Zenova Group PLC  15 January 2024

15 January, 2024

Zenova Group PLC

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

 

Zenova expands into Latin America through a sales and distribution deal for
all paints and extinguishers

 

Zenova Group PLC (AIM: ZED), the innovative fire suppression and interdiction
solutions Company, is pleased to announce expansion into Spain, Portugal, and
Central and South America markets through the signing of a sales and
distribution agreement for its entire range of heat management and fire safety
solutions with E-Z International.  The agreement is exclusive in Portugal and
Central America, E-Z International will sit alongside the Company's existing
sales and distribution partner in Spain. E-Z International is an SPV recently
formed by Gabriel Coll Abrinas, a successful consumer products entrepreneur in
the region, with ambitious plans to expand sales of Zenova's high performance,
industry-leading-certified paints, and extinguishers.  The Company will
benefit immediately from Mr Coll-Abrinas's  business relationships in the
Spanish-Portuguese speaking world to penetrate new markets in Latin America.

 

The exclusive agreement will cover  an initial period of three years and can
continue if the Agent achieves a minimum sales target level of £100,000 per
annum.  If the sales target minimum is not met, the agreement becomes
non-exclusive.  Samples have already been shipped to EZI and they have begun
to engage with large corporate entities as well as local government
departments and are in the process of demonstrating the products in both Spain
and Portugal. Both parties are confident that these targets will be exceeded
easily through large potential sales in these promising new markets.

 

 

Gabriel Coll Abrinas, Head of E-Z International in announcing this agreement
said, "I am impressed with the performance of Zenova's innovative fire
retarding paints and extinguisher fluids, in particular through  my recent
participation in a thorough testing study at one of Latin America's leading
institutes.  I have been consistently impressed with the capabilities of
Zenova's leading product, and so setting up E-Z International in order to
better exploit the growing opportunity for fire safety upgrading across the
Iberian Peninsula and Latin America, was an easy one."

 

 Thomas Melchior, CEO of the Zenova Group, commented, "This agreement is a
further step in executing   Zenova's international expansion strategy
through partnering with strong, experienced, regional companies to accelerate
penetration of Zenova products and solutions. We have been persuaded by
Gabriel's excitement for potential sales of Zenova products and solutions
across Latin America, as well of course, with his significant financial
success of building businesses in the region to date."

 

 

For further information please contact:

  Zenova Group PLC
  Thomas Melchior, Chief Executive Officer   Via Orana Corporate LLP:

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.

 

 

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