RCS - Zenova Group PLC - Zenova expands to India

ZenovaAnnouncement

26/03/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240326:nRSZ2276Ia&default-theme=true

RNS Number : 2276I  Zenova Group PLC  26 March 2024

26 March 2024

Zenova Group PLC

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

 

Zenova expands to India

 

Zenova Group PLC (AIM: ZED), the innovative fire suppression and interdiction
solutions Company, is pleased to announce an earlier than anticipated
expansion to India with the appointment of Maze Systems ("Maze") through its
UK distribution partner Fire Services Group.

 

This early arrangement with Maze has already involved the shipment of test
samples of the Group's FX500 extinguisher product to India with an early
demonstration now available on Maze social media.  The Company will focus on
the marketing the FX500 aggressively and add Zenova's larger extinguisher
range as soon as local regulatory approvals are in place.

 

https://www.linkedin.com/feed/update/urn:li:activity:7174704263367917569/?actorCompanyId=76346015&commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A7174704262956908544%2C7174709822934667264)
(https://www.linkedin.com/feed/update/urn:li:activity:7174704263367917569/?actorCompanyId=76346015&commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A7174704262956908544%2C7174709822934667264))

 

Abhijeet Bhaskar, Co-Founder of Maze Systems, "We received the first shipment
of Zenova FX500 aerosol fire extinguishers and are already testing interest
and demand with our large client base. Our customers are impressed and are in
the process or of placing orders. India's vast and growing middle class
supports what we believe is a potential market demand of up to 1m Zenova FX
extinguishers per year for the foreseeable future."

 

Darren Hamilton, CEO of Fire Services Group, commented, "We introduced our
long-standing Indian business partner to Zenova and Zenova products because we
have seen the Zenova FX range of fire extinguishers in action during and are
impressed with their superior performance."

 

Thomas Melchior, CEO of Zenova Group, commented, "With today's announcement,
Zenova accelerates its global reach into India, the world's most dynamic
emerging market with a rapidly growing middle class which we are confident
will support robust demand for our highest performance and certified
extinguishers, as home electrical and kitchen fires remain commonplace despite
the country's growing wealth.  Having already shipped our first consignment
of Zenova FX500s into India and received uniformly positive feedback from our
new partner Maze, is also further evidence that the cornerstone of our
accelerating B2B strategy - the efficient leveraging of distribution
partnerships in key markets - is continuing to bear fruit and we expect to
undergird order expansion in the 2(nd) quarter and over the course of 2024."

 

 

 

 

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 (Joint Broker)
    Nick Emerson                                  Tel: +44 1483 413 500

    Peterhouse Capital Limited (Joint Broker)

    Charles Goodfellow / Rose Greensmith          Tel: +44 20 7469 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, 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.

 

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  NRAEAXDSALKLEFA