No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Zenova Group announced its expansion into the Spanish market on Thursday, with a new distributor and an initial order worth nearly 25,000 covering multiple product categories.
The AIM-traded firm said the deal, secured through its Latin America and Iberian Peninsula partner EcoZenova Internacional, was another step in its international growth strategy.
It said the order included Zenova's FX6L and FX9L fire extinguishers, as well as its IP and FP fire-resistant paints and primers.
The company said it saw the deal and order as a strong endorsement of its product range and its technical advantages for early adopters in new markets.
EcoZenova had been actively showcasing Zenova's solutions across Latin America and Iberia, helping to drive adoption in key regions.
The firm said it was continuing to target expansion opportunities as demand for advanced fire suppression and temperature management technologies grew globally.
"Our first order of consequence in the Spanish market marks the beginning of what the management team at Zenova expects to be a particularly productive period across mainland Europe as tougher product specifications and tightening environmental regulations increasingly prevail," said chief executive officer Thomas Melchior.
"We're particularly grateful to our local partner, EcoZenova Intl, for their successful hard work and commitment to the great potential of our product suite that is helping us enter new markets."
At 1118 GMT, shares in Zenova Group were down 0.95% at 0.52p.
Reporting by Josh White for Sharecast.com.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.