Order for FP from large, new client in Albania

Zenova Group PLC

02 September 2024

 

2 September 2024

Zenova Group PLC

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

Inaugural order for Zenova FP fire retardant paint from large, new client in Albania

Zenova Group PLC (AIM: ZED), the innovative fire suppression and interdiction solutions Company, is pleased to announce an initial order for 920 litres of Zenova FP intumescent / fire retardant paint from a large private trading firm, The Kastrati Group, in Albania.  This initial sale has been successfully negotiated by AED Ltd, our recently announced Albanian sub-distributor, and is separate from the order the Group announced with AED back in July. Revenues will be recognised in this financial year.

Kastrati Group is a large privately-owned group of companies, employing over 3,500 people, established and operating in Albania and the Balkan region, and which includes Albania's largest retail and wholesale trader of hydrocarbon products.

The basic Zenova FP colour will be customised by the Company to this new, large client's specific tinting needs and then used as a trial application, which is expected to lead to larger follow-on orders.

Thomas Melchior, CEO of Zenova Group, commented, "Our sub distributor-driven sales model in targeted markets is beginning to take root.  Whether driven by the need for our industry-leading certified products or the higher regulatory requirements on safety standards for forever chemicals, Zenova is seeing an increase in high quality enquiries which are then translating more frequently into larger initial order sizes from new clients or intermediaries.  After Wednesday's announcement of a significant inaugural order with UK fire safety products' giant, O. Heap & Son, today's breakthrough with Kastrati constitutes what our management team sees as an accelerating trend and further supports our confidence in Zenova's future."

For further information please contact:

Zenova Group PLC

Thomas Melchior, Chief Executive Officer                Via Orana Corporate LLP:

Fiona Rodford, Chair                                                               Anthony Eastman

Tel: [phone]

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis / Adam Dawes                                      Tel: [phone]

Peterhouse Capital Limited (Broker)

Charles Goodfellow                                             Tel: [phone]

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 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 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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