TIDMZED
Zenova Group PLC
07 October 2022
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
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DOMAIN
7 October 2022
Zenova Group PLC
("Zenova", the "Company" or the "Group")
Appoints Palatine Paints as a Sub-Distributor in The United
Kingdom
Zenova Group PLC (AIM: ZED) , a provider of fire safety and heat
management technology solutions, is pleased to announce that it has
entered a sub-distributor agreement with Palatine Paints
(Palatine).
Palatine has grown into an established name in the United
Kingdom, having celebrated 75 years in the market, and becoming one
of the United Kingdoms' most trusted paint manufacturers and
suppliers.
Both Zenova and Palatine are UK businesses and remain committed
to using their respective products to improve and protect the UK's
history and heritage. One such project, which will be undertaken in
Q1 of 2023, requires ZENOVA FP to be used on a Heritage Site where
the station house has previously been damaged by fire. Further
information about this project will be released in due course.
Palatine have placed their first purchase order with Zenova and
will initially stock ZENOVA primers, ZENOVA IP thermal insulation
paint, and ZENOVA FP fire protection paint. Alongside the order,
Zenova will work with Palatine to provide training to its staff on
the products, which will be sold via Palatine's UK branches and
associated websites. As a result, Zenova anticipates that there
will be strong growth in the ongoing order book coming from this
relationship.
Commenting on the new agreement, Jason Huyton, Managing Director
of Palatine Paints, said: "I am really excited by this partnership,
for over three quarters of a century Palatine Paints have been
manufacturing and supplying market leading coatings in the UK. We
have always complimented our own product portfolio with innovative
forward-thinking suppliers that enhance this portfolio, and Zenova
Group PLC certainly fit into that criterion.
Both companies share the same passion and enthusiasm to tackle
climate and fire safety issues within the construction and housing
sectors and in particular affordable housing. That's why I chose
Zenova Group PLC, as I believe Zenova's outstanding products and
rigorous testing standards will ensure our long-term objectives are
achieved.
In a critical generational climate period for the planet, the
introduction of such an outstanding product will provide a thermal
insulating coating that embeds the most modern insulating
technology in a thermos-like ultra-thin layer, saving 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% and
is suitable for both exterior and interior, on any type of surface.
Along with the Zenova FP - Intumescent Paint and Zenova IR -
Thermal Insulating Coating for render, we now offer safer,
sustainable, and cost-effective alternatives to other construction
material alternatives."
Commenting on the new agreement, Tony Crawley, CEO of Zenova
Group PLC, said: "I welcome Palatine Paints as one of Zenova's
sub-distributing partners in the UK. They bring a wealth of
knowledge and experience, built from many years of hands-on
experience within the industry, to this arrangement. Their order is
testimony to the quality and reliability of Zenova's products, and
I am happy to see that the Zenova products are continuing to be
adopted by leading companies within the sector. I believe that this
strategic relationship will assist in building the brand
recognition of Zenova and increase the demand for our products
going forward. "
For further information please contact:
Zenova Group PLC
Tony Crawley, Chief Executive Via Orana Corporate LLP:
Officer 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
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
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
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
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
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 WB
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.
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
A bout Palatine Paints
Palatine Paints has been manufacturing superior quality
industrial and decorative paints for over 75 years. They have built
a solid base of happy returning customers from a range of industry
sectors, this is testament to their friendly service, efficient
delivery, expert advice, and quality products.
With continued investment and the introduction of their new
online store, they are now able to supply a full range of paints,
chemicals, coatings, and accessories direct to businesses and the
wider public.
For more information visit their website:
https://www.palatinepaints.co.uk/
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