By Josh White
Date: Tuesday 16 Nov 2021
LONDON (ShareCast) - (Sharecast News) - Fire safety and heat management products supplier Zenova Group announced on Tuesday that its Zenova FP fire-resistant paint has been approved for use by the London Borough of Redbridge.
The AIM-traded firm explained that, before Zenova FP could be used by a contractor in a local authority-owned building, it first needed to be 'specified' for use as a fire protection product by the local authority.
It said Zenova FP became specified as a fire-resistant paint by Redbridge council after design, property and construction consultancy Pelling LLP included it in the specification for the refurbishment of Ilford High Road Deco Building - a project Pelling is managing on behalf of Redbridge.
"Whilst we have long known of Zenova FP's excellent abilities to prevent ignition and the spread of fire, its inclusion by Pelling LLP in the specification for the refurbishment of publicly-owned buildings, and Zenova FP becoming specified for use by local authorities, confirms both the confidence others have in Zenova FP and that it is rapidly becoming a leading fire protection paint," said chief executive officer Tony Crawley.
"Achieving local authority-specified status for Zenova FP as a fire protection product is incredibly important as, without it, contractors cannot use it in local authority owned buildings.
"As knowledge, understanding and appreciation of Zenova FP grows, we are targeting for Zenova FP to become a specified product with local authorities throughout the UK."
Crawley noted that the news quickly followed Zenova FP becoming a specified product in the London Borough of Enfield, and a "relatively short time" after Zenova's admission to AIM.
"We are pleased with the progress we are making in introducing our products to new markets and it is particularly satisfying that local authorities are beginning to recognise the crucial role Zenova FP can play in improving fire safety in local authority-owned buildings."
At 1151 GMT, shares in Zenova Group were up 5.41% at 19.5p.
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Currency | UK Pounds |
Share Price | 0.70p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 4.40p |
52 Week Low | 0.60p |
Volume | 55,878 |
Shares Issued | 106.35m |
Market Cap | £0.74m |
Beta | 0.15 |
Value |
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No dividends found |
Time | Volume / Share Price |
10:46 | 3,378 @ 0.74p |
10:37 | 52,500 @ 0.60p |
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