SIG plc Stock, Distribute & Resell Zenova Products
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
7 September 2022
Zenova Group PLC
("Zenova", the "Company" or the "Group")
SIG plc to S tock, Distributeand ResellZenovaproducts
Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat management technology and products, is pleased to announce that SIG plc ("SIG") has entered into a strategic relationship with Zenova and is stocking in its innovative products to distribute to its customers.
SIG is a leading supplier of specialist insulation and sustainable building products and solutions to construction customers across Europe. With annual revenue of £2.3 billion, SIG employs more than 6,800 people in over 425 trading sites across the UK, France, Germany, Ireland, Benelux, and Poland.
SIG has placed an initial order of circa £40k for Zenova products consisting of ZENOVA primers, ZENOVA IP thermal insulation paint, ZENOVA IR thermal insulation render and ZENOVA FP fire protection paint. Alongside the order, Zenova will work with SIG to provide training to its staff on the products, which will be sold via SIG's UK branches and associated websites. As a result Zenova anticipates that a substantial order book will build from this relationship.
Russell Pagan (SIG UK's Business Development Director) commented: "I am pleased that SIG UK are a strategic partner of Zenova, helping to bring their innovative solutions to market."
Commenting on the news, Tony Crawley, CEO of Zenova Group PLC, said: "SIG has a long- established focus on products and solutions that help drive energy-efficiency and we are delighted to be supplying SIG with Zenova's products for sale in the UK.
"As a leader in its respective markets, SIGplays a critical role in mitigating climate change across the construction industry and its insight and specialist knowledge is something customers rely on and respect. By supporting the supply of our products with training, SIG's staff will better understand the uses and benefits of Zenova's innovative range, and be well equipped to share that knowledge with customers leading to a significant number of sales.
"We believe that Zenova's products have a significant role to play in helping to address the fire safety and building insulation challenges we currently face, and by working with SIG we will be continuing to increase understanding, awareness and adoption of our innovative products throughout the construction sector."
For further information please contact:
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Zenova Group PLC Tony Crawley, Chief Executive Officer Don Nicolson, Non-Executive Chairman |
Via Orana Corporate LLP: Anthony Eastman Tel: +44 20 3475 6834 |
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SPARK Advisory Partners Limited (Nominated Adviser) |
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Matt Davis / Adam Dawes |
Tel: +44 20 3368 3550 |
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SI Capital Limited (Broker) |
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Nick Emerson |
Tel: +44 1483 413 500 |
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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, Zenovaprovides industryleadingsolutionsacrossarange offire protectionandtemperature management problems, comprising:
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.
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.
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.
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.
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 for 30+ days in dry conditions.
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
About SIG plc
SIG is a leading supplier of specialist insulation and sustainable building products and solutions, differentiated through expertise, service and proximity. Operating in six markets - UK, Ireland, France, Germany, Poland, and Benelux - SIG has a strong heritage of specialist knowledge and expertise and a wide and integrated network so it can be close to its customers to meet their needs. SIG is well placed to support sustainable construction through its long-established focus onenergy-efficient solutions and by the progress it has made, and the targets it has set , to decarbonise its own operations.
Using its insight and specialist know-how, SIG is supporting its customers and manufacturers to make tangible steps towards a greener future.
Further information on SIG plc can be found at www.sigplc.com
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