Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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T-FIT® Clean foam insulation, the only solution to comply with internationally recognized cleanroom standards, will take center stage at INTERPHEX 2024
03 Apr 2024
T-FIT Insulation will showcase the exceptional performance benefits that T-FIT Clean has to offer at INTERPHEX 2024.
As the company’s flagship product for the pharmaceutical sector, T-FIT Clean has been established as the insulation system of choice for cleanrooms since 2008. It is the only closed cell foam insulation system that is suitable for pipes, valves and vessels, and the only foam compliant with the FM4910 Global Cleanroom Materials Protocol, delivering the lowest flame, smoke and toxicity rating of any polymer/elastomer insulating product.
T-FIT Clean is a closed cell foam insulation system which requires no cladding, providing a fast, tool-free installation and ultra-slim profile that takes high-performance insulation into the tightest spaces within cleanroom environments.
Inherently hydrophobic and highly resistant to bacteria and mold growth, T-FIT Clean meets and exceeds the fungal growth resistance benchmark of 28 days in accordance with the ASTM G21-15 standard. It also offers protection for HEPA filters and plenum filtration systems, significantly reducing the risk of production downtime and contamination.
The T-FIT Clean range is manufactured via Zotefoams’ proprietary three stage process that delivers materials which do not shed particulates and have close to zero VOCs. A wide temperature tolerance range of -112°F to +320°F also ensures suitability for both chilled and hot processing applications.
Zotefoams Group CEO, David Stirling, says, “The operation of safe, sterile cleanroom environments has never been more important. Poor performing insulation can have catastrophic consequences, from costly production downtime to the contamination of entire production batches. T-FIT Insulation offers the highest level of performance and compliance with relevant industry standards, and consistently outperforms its competitors in the most demanding cleanroom environments. We are excited to bring the range to INTERPHEX for another year as the rapid expansion of the pharma sector in the USA continues to surge.”
T-FIT is exhibiting at Booth 2814 at INTERPHEX 2024 taking place from 16 – 18 April. For more information, please visit www.t-fit.org.
Imo 5 pound a share is light if the cartons go well any think up to ten pounds per share .THIS today is a nice add on well done zote foams
I WOULD THINK if the carton deal is a success i woul hope 8 pounds a share is achievable
A friend has seen a target of 500+ on a tip site.
With this news, who knows? Possibly even higher?
DYOR.
Wow stab jackets AND environmentally friendly cartons soon we will be millionaires.
AS I FEEL news could be soon why didnt i get them the other week with my cheaper ones i got /IDIOT I AM
Yes he has unless the cough gets him!!
I think the phrase ‘Can’t keep away’ comes to mind.
Great to see Chairman and non exec buying after end of closed period as per RNS today.
HE STILL got life in him
Stirling said in the recent presentation he wasn’t going anywhere?! So if he’s hanging around to provide support and mentoring advice post his replacement for which I commend him will that interfere with the new CEOs style and strategy?
We all want this company to be recognised as a world leader in environmentaly friendly packaging.
Ronan held a number of other executive roles in Coats, which he joined in 1995, including Chief Transformation Officer, Regional CEO EMEA & Americas, Regional CEO South East Asia and Managing Director in several regions, including Europe and North Africa. Ronan has a Bachelor's degree in Information Management and Economics from Queen's University, Belfast and has completed an international Executive Business Programme with INSEAD in France and Singapore.
This announcement includes the information required by Listing Rules 9.6.11 to 9.6.13, and there is no information to report under Listing Rule 9.6.13R (2) - (6) inclusive.
26 March 2024 - Further to its announcement of 7 November 2023, Zotefoams (LSE: ZTF), a world leader in cellular materials technology, announces the appointment of Ronan Cox as Group CEO Designate. Ronan will join the Company on 2 April 2024 and will be appointed to the Board as an Executive Director and succeed David Stirling as Group CEO at the conclusion of the 2024 AGM, due to be held on 22 May 2024. Following his stepping down from the Board, David will remain to ensure a smooth transition until 31 October 2024.
Ronan has extensive international leadership experience, most recently as President of Performance Materials at Coats Group plc, the FTSE 250 world's leading industrial thread and footwear components manufacturer.
Commenting on the changes, Dr Lynn Drummond, Chair of the Company, said: "Under David's outstanding leadership, and following significant investment over the last decade, the Group has extended from a single site in the UK to include operations in Europe, North America and Asia. This footprint, together with Zotefoams' operational and commercial teams, provide both the capacity and capability to support continued profitable growth from the Group's core AZOTE® Polyolefin Foams and HPP foams businesses. The Group continues to progress the development and commercialisation of its unique recyclable barrier packaging technology, ReZorce® Circular Packaging.
With a strong and dedicated leadership team in place to support him, I am delighted to welcome Ronan to Zotefoams. Ronan brings a wealth of experience and I am confident he will make a significant contribution to the Group. I very much look forward to working with him."
David Stirling, Group CEO, said: "Leading Zotefoams for the past 24 years has been the greatest privilege of my professional life. I am proud of the role that my team has played in the Group's success and know that they will fully support Ronan in his transition to the role."
Ronan Cox, Group CEO Designate, commented: "Zotefoams is a business with a long history of sustainability and growth. I am honoured and excited to have the opportunity to lead a company with a strong heritage and build on David's significant achievements."
Ronan Cox Biographical Notes
Ronan is an accomplished executive leader with extensive experience in driving business transformation and growth. Most recently, he served as interim CEO for Lontra, a green technology company delivering ground-breaking air compressor designs, and President, Performance Materials for Coats Group plc, a world leader in thread and component manufacturing for apparel and footwear and textile based performance materials for industries ranging from personal protection to automotive and telecoms. Ronan also built and led the innovation teams across the Coats group with a focus on the transition to sustainable and circular product solutions. Ronan held a number of other executive roles in Coats, which he joined in 1995, including Chief T
Was watching back the results presentation over the weekend. Listen in at 59.20 mins, he states " a large customer that are on the verge of" he then stops himself and says " have opportunity to grow quite significantly". CEO looks a little panicked and puts his hand to his face. Purley speculating but I wonder if he narrowly avoided dropping that they were on the verge of signing a new agreement/contract. On a separate note - all very exciting around Rezorce and good to see the SP respond late in the week.
Bought in yesterday .Would be nice to see a holding rns adding or reducing .. A lot to play for . They said they need a partner to fund etc which is understandable however zote only have 48 million shares so raising 100 million is not difficult?
https://www.***************************/zotefoams-plc-strong-results-sustainable-innovation-and-strategic-partnerships-video/4121148348
news**************interviews.com
Agree. It's like the lull before the big Nike deal was announced a few years ago. The global packaging partner is named and the scale of ReZorce seen, the company and CEO will continue on its trajectory. Steady hands, safe ship, well positioned.
Any one watch the presentation yesterday. Apart from the boss needing some cough sweets the overall feel was slow and steady. No overt enthusiasm but I feel the guys know the new carton is a game changer and when announced who the partners are will prompt more interest in the company and hence the share price. And continuity of CEO confirms he’s staying for the credit he’ll get when the announcements come through.
To check on a re-watch:
1bn cartons = close to current market value of ZTF. 2bn cartons = close to 1% share of market for cartons. Customers for 1bn already lined up ready to go. Sounds very good IF it works.
That is one of its fundamental selling points and why it has the backing of the global packaging supplier.
.".it does not require any Capex by the end user (packager) being totally interchangeable with existing machinery."
Looks good but still slightly wary because I have heard that line before - manufacturing process changes are rarely so cheap and simple to implement ..
Start of the commercial rollout schedule is now happening with batch testing on a commercial platform. Preliminary results should be confirmed and the promised substantial increase in uptake ensuing. Lots of time and R&D spent to get to this stage and a lot of press coverage. Let's hope this is the crest of the peak and it's downhill from here as the potential market for ReZorce is huge. The key factor with ReZorce is the fact that it does not require any Capex by the end user (packager) being totally interchangeable with existing machinery.
Well they looked respectable even if the polymer sales ease off the new product will outrun any decline of traditional products.
But no sign of any enthusiasm from the maket. Usual small cap complacency)
Due tomorrow 19 March. Can we get some excitement into his share with its eco friendly product development ?
Surely it deserves some recognition and enthusiasm!
Sensible, reasoned explanation of status quo and how to begin to address problem.
Not to go over old ground again but the UK stockmarket has been our of favour since Brexit; I'm afraid Boris doesn't win any plaudits either (regardless of what he said, the UK stockmarket still declined).
Personally, I think it's a combination of the 2008 banking crisis and the subsequent new solvency rules (which has seen pension funds moving increasingly into bonds) and Brexit (however you like to cut it, the City's "domain" has been reduced by Brexit and it's longer the destination for companies that want to trade in the EU). The EU bourses have made inroads into the City's territory and although the impact may not be as significant as once might have been feared, has still none the less helped to undermine the City. You could also perhaps throw the ongoing demise of the Hong Kong stock exchange into the mix too; given the historic ties between London and Hong Kong, and the continuing shift to Shanghai, London is not quite the international centre it once was.
However, at the end of the day, if British private investors continue to chase their rainbows in the US etc. then it becomes an increasingly uphill battle and I think it's about time that the government removed the tax-free incentive to invest offshore via ISAs (personally I'd stop any new overseas investments being made in existing ISAs and, perhaps, introduce transitional rules to force ISA holders to divest of their existing overseas holdings at some point in the next, say, ten years). UK PIs might not like it at first but if money is re-redirected from (say) the US market into the UK market then we should start to see some recovery in UK equities (the price rises in the US are, in part, being driven by cash rather than fundamentals). At the end of the day, if UK investors choose to forego ISAs, in preference to ordinary share trading accounts, going forward then the tax generated can be used to pay down the National Debt.