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IN BRIEF: Zenova shares jump on US extinguisher approval

Mon, 11th Mar 2024 12:08

Zenova Group PLC - The London-based fire safety and heat management product developer- Says the Zenova FX range of 6 and 9 litre extinguishers have been approved for use in the marine industry. Zenova says this opens a USD2.4 billion market for its products. It adds: "This market is expected to grow by 8% per year to reach USD4.1 billion by 2029." Also notes positive results from product testing event in Mallorca for its extinguishers.

Current stock price: 2.61 pence, up 21% on Monday afternoon in London

12-month change: down 65%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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