REG - Zenova Group PLC - Sub-Distribution Partner in Saudi Arabia

ZenovaAnnouncement

07/06/2022 07:00

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RNS Number : 9090N  Zenova Group PLC  07 June 2022

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7 June 2022

Zenova Group PLC

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

 

Zenova Appoints Sub-Distribution Partner in Saudi Arabia

 

Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat
management technology and products, is pleased to announce that it has entered
a sub-distribution agreement with the Ethmaar Investment Company  ("Ethmaar")
to distribute its thermal insulation and fire protection products throughout
Saudi Arabia.

The sub-distribution agreement will provide Saudi customers with direct access
to Zenova's thermal insulation and fire protection products and builds upon
Ethmaar's strong relationships with some of the biggest organisations in Saudi
Arabia.

This agreement provides for Ethmaar to place the first order of one container
valued at £116,000 within 3 months of entering into this agreement and
subsequently order a minimum of £1.2m worth of Zenova products within 12
months of the date of the agreement.

Commenting on the news, Tony Crawley, Chief Executive of Zenova Group PLC
said: "This agreement with Ethmaar represents a very important first step for
Zenova into Saudi Arabia and we look forward to working with Ethmaar as we
gain a foothold for our products in this jurisdiction where our products are
much needed to tackle the issues that are increasing in their significance as
the local authorities focus more on temperature management, energy
conservation, safety and prevention of fire"

Tariq M Barri, Managing Director of Ethmaar said: "We are very pleased to be
Zenova's partner of choice in Saudi Arabia. Critically, by adding Zenova to
our portfolio we can bring innovative and high performing building material
with green credentials to the attention of organizations (government and
private), and building owners to compliment design strategies that improve
safety, performance and reduce our environmental impact.

"Zenova IP, Zenova FP and Zenova IR improve the thermal performance and fire
protection on future builds as well as providing solutions that do not exist
in many scenarios. Adding Zenova to our product offerings allows Ethmaar to
offer quick, affordable, and ecological insulation and fire protection
solutions."

For further information please contact:

 Zenova Group PLC
 Tony Crawley, Chief Executive Officer  Via Orana Corporate LLP:

Anthony Eastman
 Don Nicolson, Non-Executive Chairman
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

 Redbine Ltd (Media Enquiries)
 Paul Dulieu                            Tel: +44 203 093 9530

                                                +44 7554 521 421

                                        Email: paul@redbine.co.uk

 

About Ethmaar Investment Company:

Tariq M. Barri - Managing
Director                           Tel:
+966-5652500900
 

Salman Gazzawi - EVP
 
Tel: +966-504940919

 

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 applications.
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 (https://zenovagroup.com/products/zenova-fp/)

A water-based fire-protection paint that prevents ignition and spread of fire.
It can be used in commercial, industrial, and domestic applications on variety
of materials, from wood to metal.

Zenova FX (https://zenovagroup.com/products/zenova-fx/)

Patent pending fire extinguisher filled with proprietary Zenova Fluid (Zenova
FXB) that extinguishes all types of fires, reduces chances of re-ignition,
works in cold (-15 ̊C) conditions, is non-toxic and does not produce harmful
by-products.

Zenova IP (https://zenovagroup.com/products/zenova-ip/)

Thermal insulation paint that creates a thermal barrier, provides thermal
reflection of sunrays and infrared radiation, anti-condensation, and
anti-mould properties. It can be applied to virtually any exterior or interior
material, regardless of the surface.

Zenova IR (https://zenovagroup.com/products/zenova-ir/)

Thermal insulation render to enhance the effectiveness of insulation by
creating a thermo shield. It fills all cavities and gaps regardless of
geometric shape and creates a vacuum - the most effective insulator.

Zenova CS (https://zenovagroup.com/products/zenova-cs/)

Patent pending next generation ceiling sprinkler filled with proprietary
Zenova Fluid (Zenova FXB) that removes the need to install large fluid tanks,
piping, complicated equipment, and software. This sprinkler could be installed
in the kitchen.

The Group has achieved this without compromising the sustainability of natural
and economical resources, including personal health and safety, with
ecologically sound products.

Further information on the Group can be found at www.zenovagroup.com
(http://www.zenovagroup.com/)

 

 

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