Business
Order for 40,000 FX500 Extinguisher Units
Order for 40,000 FX500 Extinguisher Units.
About this update from Zenova Group Plc
[{"type":"text","content":"\n\nTHIS 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\n \n \n16 May 2023\n \n \nZenova Group PLC\n(\"Zenova\", the \"Company\" or the \"Group\")\nZenova's sub-distributor Clastrom places its first order for 40,000 FX500 aerosol extinguisher units for Germany with a retail value of £800,000\n \nZenova Group PLC (AIM: ZED) is pleased to announce Clastrom (its sub-distributors in Spain and Germany) has placed a first order for the FX500 aerosol fire extinguisher for an initial 40,000 units (with a retail value of £800,000) Clastrom's first delivery of 10,000 units will be supplied by the 15th July 2023. \nZenova's previously announced strategy of appointing sub-distributors to penetrate overseas markets is demonstrating its worth. Consequently, the Company anticipates increasing sales through these channels over the course of the second half of the year.\nZenova - a provider of fire safety and heat management technology solutions to a wide range of users across the globe, is in production of the FX500 in Canada as well as the UK. The FX500 is now ready for both the retail and commercial markets, having significant performance capabilities of extinguishing all fire types at the simple push of a button even operating at -10 centigrade. In addition, The FX500 has been tested to BS6165 standards which although not required from a regulatory perspective validates the effectiveness of the extinguisher.\n \nCommenting on the FX500, Tony Crawley, CEO of Zenova Group PLC, said: \" Following the production in the UK it is very encouraging that our sub-distributor has ordered in quantity for its customers in Germany and is now selling our products in that region with a confirmed order of 40,000 units due to be delivered before the end of 2023. This is a clear indication that our quality product is being recognised and the need for such a product to improve fire safety. We anticipate increasing production and sales via our expanding sub distributor network as we grow the Zenova ...