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Zenova Secures £2m a Year Contract in Australia
Zenova Secures £2m a Year Contract in Australia.
About this update from Zenova Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8635R\n Zenova Group PLC\n 10 November 2021\n \n \n \n \n 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 IS CONSIDERED TO BE IN THE PUBLIC DOMAIN\n \n \n 10 November 2021\n \n \n \n \n \n \n Zenova Group PLC (\n \n \n AIM: ZED)\n \n \n \n Zenova secures £2 million a year contract for its products in Australia\n \n \n \n \n \n \n \n \n \n Zenova Group PLC \n \n (\"Zenova\", the \"Company\" or the \"Group\"), a provider of innovative fire safety and heat management technology and products, is pleased to announce that it has secured a major contract for the supply of its products in Australia.\n \n \n The three-year contract, which commences on 1 January 2022, is with Spark Global Australia Pty Ltd (\"Spark\") in Victoria, Australia, a newly formed subsidiary of a major Australian construction company. \n \n \n Under the contract, Spark will become an Authorised Distributor of Zenova products in Australia and has committed to purchase a minimum of £2 million of Zenova's products each year, including Zenova's insulating render (IR), insulating paint (IP) and fire-resistant paint (FP). The initial three-year contract can also be extended if certain conditions are met. \n \n \n \n Commenting on the news, Tony Crawley, Chief Executive of Zenova Group PLC said: \n \n \n \"Securing this contract is a significant development for Zenova. It marks the culmination of several months' work by both parties, including independent testing of our products by Spark, and truly highlights the global potential for Zenova's heat management and fire safety products.\n \n \n \n \n \"Good insulation is vital to reduce energy usage, whether you are heating or cooling a building. With 2020 proving to be one of Australia's warmest years on record[i], and experts predicting increasing temperatures going forward, Spark has recognised an opportunity for the use of Zenova's products in Australia and we look forward to helping them realise that opportunity.\" \n \n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \...