Zenova Group (ZED)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

 1.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 5.85
  • 52 Week Low: 1.10
  • Currency: UK Pounds
  • Shares Issued: 106.35m
  • Volume: 123,965
  • Market Cap: £1.22m

Zenova's FX range passes tests for current, future EU chemical rules

By Josh White

Date: Thursday 04 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Zenova Group announced on Thursday that its Zenova FX fluid and components had successfully passed independent tests by external laboratories.
The AIM-traded firm said the Zenova FX range of extinguishers conformed to all current and upcoming EU regulations concerning PFOA, PFOS, and PFAS.

EU Regulation 2017/1000 restricts the production, use, and emission of PFOA (C8), setting maximum levels at 25 parts per billion (ppb) for PFOA and 1000 ppb for foam concentrates, with usage permitted until 31 December 2022, when containment is not possible, and until 3 July 2025, when containment is possible.

The Zenova FX fluid was tested under the EP231X standard, showing PFOA and PFOS levels at less than 20 ppb, well below the regulatory limits, ensuring compliance even beyond July 2025.

Regarding PFAS, the European Chemicals Agency (ECHA) had proposed a maximum limit of one part per million (ppm) for fire extinguishing liquids, with final approval expected in 2025.

Zenova FX fluid's test results, using the EP231P targeted methods, revealed trace elements of regulated PFAS at seven ppb, significantly below the proposed one ppm limit.

As a result, the Zenova FX extinguisher range was fully compliant with current and anticipated ECHA regulations, maintaining legal usage even after new legislation was enacted.

"These independent laboratory tests confirm that the Zenova FX fluid in all of our extinguisher range is not only one of the most effective extinguishing agents but also one of the environmentally cleanest and fully compliant with existing and even with planned future EU legislation," said chief executive officer Thomas Melchior.

At 1520 BST, shares in Zenova Group were up 11.04% at 1.5p.

Reporting by Josh White for Sharecast.com.

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Zenova Group Market Data

Currency UK Pounds
Share Price 1.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 5.85
52 Week Low 1.10
Volume 123,965
Shares Issued 106.35m
Market Cap £1.22m

Zenova Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.95% above the market average62.95% above the market average62.95% above the market average62.95% above the market average62.95% above the market average
42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average
Price Trend
95.24% below the market average95.24% below the market average95.24% below the market average95.24% below the market average95.24% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
45.07% above the market average45.07% above the market average45.07% above the market average45.07% above the market average45.07% above the market average
40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average

Zenova Group Dividends

No dividends found

Trades for 06-Sep-2024

Time Volume / Share Price
11:36 7,590 @ 1.16p
10:57 4,995 @ 1.16p
09:40 111,000 @ 1.12p
09:15 5 @ 1.17p
08:26 275 @ 1.20p

Zenova Group Key Personnel

CEO Thomas Melchior

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