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Zenova – how “thrilled” to be with first deliveries to new sub distributor?

By Steve Moore | Monday 18 September 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Fire safety and temperature management products and technology group Zenova (ZED) has issued an RNS commencing that it “is thrilled to announce that first deliveries of 13,654 units of Zenova FX500 handheld aerosol extinguishers for the USA market to our recently announced new sub distributor Petra Industries” and including “this is the first time that the Zenova FX500 is available for purchase in the USA and it is expected that orders volumes will increase as more distribution channels are opened in the USA”. With the shares currently responding more than 7% higher to 5.5p, how big is this news?
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