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.
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 EastmanTel: +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, 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.
