Zenova Group PLC (AIM: ZED), a provider of proprietary fire safety and heat management solutions with applications across housing, industrial, and commercial sectors, today is pleased to announce an inaugural order in Greece for its proprietary fire-retardant intumescent Zenova IP paint combined with proprietary thermal insulation Zenova IP paint for the solar panelled roof market for a large international coffee producer with lots of warehouses across the globe.
This initial order with a value of £ 39,800 from a client in Greece is important for Zenova for a variety of key commercial reasons and as a result bodes very well for future business in this sector, not only in Greece but elsewhere around the world.
- Solar panelled roofs are commonly a retrofit solution as is the case with this major cold storage unit contract.
- Solar panels can be seen to add to fire risk to the roof.
- Zenova's FP paint fire retardant properties can address that concern and make a key difference to insurability.
- This capability opens up a new solar panelled roof market not only in Greece but generally.
- Allows Zenova to approach a new target market of companies with solar panel retrofit plans, and where an insurance solution is likely to be required.
The selection and specification of Zenova products Zenova FP and Zenova IP paints by the customer is a validation of our fire-resistant technology, and our ability to help reduce the risk of fire spread to the external roof area should the solar panels malfunction. Zenova was able to offer a double benefit in that its Zenova IP product is applied as a topcoat to add protection to the Zenova FP product against adverse weather conditions whilst adding further cooling insulation benefits for the internal building temperatures.
The increase in solar installations on commercial large roof spaces across the world can only increase the need and demand for Zenova product solutions.
Thomas Melchior, Chief Executive of Zenova Group PLC commented: I am delighted with this business win and am confident that this innovative Zenova IP and Zenova FP solution for solar roof installations will generate additional business in the future. Zenova were able to respond to the customer's needs, and offer a quick, economical and effective fire mitigation solution with our Zenova FP paint. We believe this will allow us to open up new markets and sales opportunities for fire protection and insulation solutions for solar panel roof installations.
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 (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 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.
