THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 ("MAR") WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN
18 September 2023
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Zenova opens US market with first delivery of 13,654 units of Zenova FX500
Zenova Group PLC (AIM: ZED), is thrilled to announce that first deliveries of 13,654 units of Zenova FX500 handheld aerosol extinguishers for the USA market to our recently announced new sub distributor Petra Industries, 7,500 units have been purchased from Omnis, our distribution partner in the USA. The total value of this initial delivery is in excess of £136,000 for Zenova including some promotional support, Zenova anticipates that this will be recognised in the current financial year. This is the first time that the Zenova FX500 is available for purchase in the USA and it is expected that orders volumes will increase as more distribution channels are opened in the USA.
Petra is the industry's consumer technology authority-distributing products for more than 800 brands. Petra brings tens of thousands of top name-brand products to tens of thousands of retail and e-tail partners. Founded in 1985 with a focus on and passion for accessories, today, Petra serves markets with products from more than 60 categories, including smart home tech, housewares, outdoor tech, home and office accessories and much more. The most sought-after hardware and add-ons in consumer technology are stocked at Petra's 525,000 sq. ft., state-of-the-art distribution centre and are distributed all over the country.
Omnis is a US based distributor, partnering with manufacturers of innovative solutions, acting as a catalyst to unlock substantial and sustained market growth. Omnis seek to find optimal routes to market leveraging its network and bringing the best partnerships together.
"We are excited to enter the US markets and are looking forward to accelerated expansion into additional distribution channels to provide US customers with personal fire protection through our Zenova FX500 aersosol fire extinguisher" said Thomas Melchior, CEO of Zenova Group. ""The Zenova FX500 is uniquely designed to address the increasing risk of household lithium battery fires. "
Craig Chivers, CEO, Omnis said, "The Zenova FX500 is an ideal product to manage personal fire risks. We are looking forward to expanding market access and deliveries to customers all across the USA."
Tate Morgan, President of Petra Industries said: "I am incredibly pleased to receive the first delivery of the cutting-edge Zenova FX500 fire extinguisher. We are excited to be part of Zenova and Omnis's journey to expand US market access to end users in the USA."
For further information please contact:
Zenova Group PLC
Thomas Melchior, Chief Executive Officer
Fiona Rodford, Executive Vice Chairperson
Via Orana Corporate LLP:
SPARK Advisory Partners Limited (Nominated Adviser)
Matt Davis / Adam Dawes
Tel: +44 20 3368 3550
SI Capital Limited (Broker)
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.