Zenova Group PLC (AIM: ZED), \u043f\u043e\u0441\u0442\u0430\u0447\u0430\u043b\u044c\u043d\u0438\u043a \u0456\u043d\u043d\u043e\u0432\u0430\u0446\u0456\u0439\u043d\u0438\u0445 \u0442\u0435\u0445\u043d\u043e\u043b\u043e\u0433\u0456\u0439 \u0456 \u043f\u0440\u043e\u0434\u0443\u043a\u0442\u0456\u0432 \u043f\u043e\u0436\u0435\u0436\u043d\u043e\u0457 \u0431\u0435\u0437\u043f\u0435\u043a\u0438 \u0442\u0430 \u0443\u043f\u0440\u0430\u0432\u043b\u0456\u043d\u043d\u044f \u0442\u0435\u043f\u043b\u043e\u043c, \u0441\u044c\u043e\u0433\u043e\u0434\u043d\u0456 \u043e\u0433\u043e\u043b\u043e\u0448\u0443\u0454 \u043f\u0440\u043e\u043c\u0456\u0436\u043d\u0456 \u0440\u0435\u0437\u0443\u043b\u044c\u0442\u0430\u0442\u0438 \u0437\u0430 \u0448\u0456\u0441\u0442\u044c \u043c\u0456\u0441\u044f\u0446\u0456\u0432, \u0449\u043e \u0437\u0430\u043a\u0456\u043d\u0447\u0438\u043b\u0438\u0441\u044f 31 \u0442\u0440\u0430\u0432\u043d\u044f 2022 \u0440\u043e\u043a\u0443.<\/p>\n
Significant progress has been made in the period:<\/strong><\/p>\n <\/p>\n Post period end highlights<\/strong><\/p>\n <\/p>\n \u0422\u043e\u043d\u0456 \u041a\u0440\u043e\u0443\u043b\u0456, \u0432\u0438\u043a\u043e\u043d\u0430\u0432\u0447\u0438\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 Zenova Group PLC, \u043f\u0440\u043e\u043a\u043e\u043c\u0435\u043d\u0442\u0443\u0432\u0430\u0432:<\/strong> \u201cZenova has made strategic progress over the last six months which lays the foundations for significant growth going forward. The Group is well funded with rigorous cost controls in place to manage the expansion of the business. We look forward to announcing further positive news in the near future.\u201d<\/em><\/p>\n <\/p>\n Chairman\u2019s Statement<\/strong><\/p>\n Zenova has made encouraging progress in this interim period in what has been a challenging trading environment for business generally. Strategic developments over the last six months have laid the foundation for a positive future. The company remains in good financial health, implementing a program of rigorous control of costs, as we grow the business in a managed and sustained manner.<\/p>\n Since our last report, the focus has been on product development, testing and certification to meet the most recent fire safety regulations implemented in the UK, which are amongst most stringent in the world today. Significant investment is being made in accessing global markets.<\/p>\n We believe our products are best in class. As such a key focus at this time is one of communication as we\u00a0 pursue market penetration. We have engaged in a number of activities to develop brand recognition which we believe will help boost future growth potential.<\/p>\n Despite a global pandemic and the war in the Ukraine, resulting in global supply chain disruption, energy cost inflation and shipping delay issues affecting Zenova in common with many sectors, the company is gaining strength. Progress is positive across its product range, including those still in development. Our outsourced manufacturing capabilities are primed and ready to ramp up levels of production to support future growth of the business.<\/p>\n A number of sub distribution partners have now been appointed with further partners identified both in the UK and overseas and we have chosen several new specialised partners in key sectors. Zenova has secured new contracts in a number of targeted markets, domestically and internationally, with products being specified. This is encouraging progress. Successful trials and pilots have allowed the company to penetrate many key sectors.<\/p>\n With the recent global energy crisis Zenova IP and IR products are now even more relevant in supporting businesses and homes in conserving energy and reducing their carbon footprint. As revenue streams grow, we will continue to implement strict cost management policies to ensure that the Company remains in a healthy working capital position.<\/p>\n I would like to thank all our employees and partners for their hard work over the last six months. They have embraced our vision to establish Zenova as a trusted supplier of effective and commercially viable products that provide innovative fire safety and heat management solutions. We are most grateful for their support and dedication and look forward to announcing further progress in the near future.<\/p>\n \u0414\u043e\u043d \u041d\u0456\u043a\u043e\u043b\u0441\u043e\u043d<\/strong> <\/p>\n Operating Update<\/strong><\/span><\/p>\n TARGET SEGMENTS<\/strong> <\/p>\n KEY CONTRACTS & CLIENTS<\/strong> <\/p>\n PRODUCT VALIDATION<\/strong><\/p>\n <\/p>\n MANUFACTURING<\/strong> <\/p>\n PRODUCTS<\/strong> By creating an effective fire stop, ZENOVA WB provides essential property and personal protection for dwellings, buildings, people or wildlife that find themselves in harm\u2019s way when these\u00a0 devastating fires occur.<\/p>\n Zenova fire extinguishers which utilise its unique fluid which is capable of extinguishing all types of fires and is much more effective than existing fire extinguishing methods, such as water, powder or foam have been subject to extensive tests. This product, once fully certificated to the latest standard of EN3 certification, will come to market before the end of 2022.<\/p>\n Further testing is ongoing for products to ensure we continue to satisfy various sector regulations and legislation.<\/p>\n <\/p>\n INVESTOR UPDATES<\/strong> Lock-In agreements entered into by Directors and founders confirming non-disposal of their shares have been extended until July 2023.<\/p>\n The company has made good progress launching to market a number of products within a very difficult global year for many. With many new building regulations and Brexit changes to products legislation which Zenova has kept abreast of and moved quickly to adopt the necessary legislation requirements, allowing us now to expand into a specification market. We believe with current fire regulation changes and the energy crisis Zenova products are now positioned to capitalize on the market’s needs for the future.<\/p>\n \u0422\u043e\u043d\u0456 \u041a\u0440\u043e\u0443\u043b\u0456 <\/p>\n \u0414\u043b\u044f \u043f\u043e\u0434\u0430\u043b\u044c\u0448\u043e\u0457 \u0456\u043d\u0444\u043e\u0440\u043c\u0430\u0446\u0456\u0457:<\/strong><\/p>\n\n
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\nThe key sectors currently being targeted by the Company\u2019s sales and marketing team are as follows:<\/p>\n\n
\nThe company has secured a number of cornerstone agreements within key sectors which are expected to develop into longer term sales from these partnerships<\/p>\n\n
\nchecks an expected first order will be placed in Q4 2022<\/li>\n\n
\nScalable manufacturing partners put in place to help ensure the supply of all Zenova products an satisfy the expected growth in demand for products across multiple geographies.<\/p>\n
\nDuring the period the Company completed the testing on Zenova WB, a wildfire barrier fluid (applied via spray wands or aerial drops), which provides a virtual barrier where fire simply will not burn. Repeated tests on a variety of dry wildfire fuels (grasses, hays, brush) demonstrates the substantial fire resistance Zenova WB provides, while remaining viable after application for 30+ days in dry conditions.<\/p>\n
\nAmati Global Investors Limited has extended its right to subscribe to 6,578,947 additional ordinary shares in the Company at 19 pence per share with total value of \u00a31,250,000 substantially adding to its stake.<\/p>\n
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