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 Officer
Don Nicolson, Non-Executive Chairman
|Via Orana Corporate LLP:
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:
Thermal insulating paint that creates a thermal barrier, provides thermal reflection of sunrays & infrared radiation, anti-condensation and anti-mould properties. It can be applied to virtually any exterior or interior material, regardless of the surface.
Thermal insulating 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.
The Group has achieved this without compromising the sustainability of natural and economical resources, including personal health and safety, with ecologically sound products.
About 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/