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)
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
2nd quarter and over the course of 2024."
For
further information please contact:
Zenova Group PLC
|
Thomas Melchior, Chief
Executive Officer
Fiona Rodford,
Executive Vice Chairperson
|
Via Orana Corporate LLP:
Anthony Eastman
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
Peterhouse Capital Limited (Joint
Broker)
Charles Goodfellow /
Rose Greensmith
|
Tel: +44 1483 413 500
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.