RCS - Zenova Group PLC - Zenova FP paint order in Greece

ZenovaAnnouncement

04/09/2023 07:00

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RNS Number : 2030L  Zenova Group PLC  04 September 2023

4 September 2023

Zenova Group PLC

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

 

Inaugural Zenova FP paint order for solar panelled roof market in Greece

 

 

Zenova Group PLC (AIM: ZED), a provider of proprietary fire safety and heat
management solutions with applications across housing, industrial, and
commercial sectors, today is pleased to announce an inaugural order in Greece
for its proprietary fire-retardant intumescent Zenova IP paint combined with
proprietary thermal insulation Zenova IP paint for the solar panelled roof
market for a large international coffee producer with lots of warehouses
across the globe.

This initial order with a value of  £ 39,800 from a client in Greece is
important for Zenova for a variety of key commercial reasons and as a result
bodes very well for future business in this sector, not only in Greece but
elsewhere around the world.

·    Solar panelled roofs are commonly a retrofit solution as is the case
with this major cold storage unit contract.

·    Solar panels can be seen to add to fire risk to the roof.

·    Zenova's FP paint fire retardant properties can address that concern
and make a key difference to insurability.

·    This capability opens up a new solar panelled roof market not only in
Greece but generally.

·    Allows Zenova to approach a new target market of companies with solar
panel retrofit plans, and where an insurance solution is likely to be
required.

The selection and specification of Zenova products Zenova FP and Zenova IP
paints by the customer is a validation of our fire-resistant technology, and
our ability to help reduce the risk of fire spread to the external roof area
should the solar panels malfunction. Zenova was able to offer a double benefit
in that its Zenova IP product is applied as a topcoat to add protection to the
Zenova FP product against adverse weather conditions whilst adding further
cooling insulation benefits for the internal building temperatures.

The increase in solar installations on commercial large roof spaces across the
world can only increase the need and demand for Zenova product solutions.

Thomas Melchior, Chief Executive of Zenova Group PLC commented: I am delighted
with this business win and am confident that this innovative Zenova IP and
Zenova FP solution for solar roof installations will generate additional
business in the future. Zenova were able to respond to the customer's needs,
and offer a quick, economical and effective fire mitigation solution with our
Zenova FP paint. We believe this will allow us to open up new markets and
sales opportunities for fire protection and insulation solutions for solar
panel roof installations.

 

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.

 

Zenova CS, ceiling sprinkler

Blending the best features of both detectors and extinguishers while avoiding
the drawbacks of each. It senses heat rather than smoke, resulting in less
false alarms, and it's an automatic system that doesn't require a battery or a
person to operate it. The modular Zenova CS unit expels 2.4 - 4.8 L of
proprietary Zenova FX suppression fluid at high-pressure to suppress the
source of a fire, yet maintains visibility that allows occupants to evacuate
quickly.

 

 

 

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