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During the autumn, several customers have made significant progress in their projects and are now advancing towards ramp-up. These customer projects are primarily within new segments, where customers have selected Svenska Aerogel’s innovative technology over other solutions. This marks a key milestone as the company’s materials and solutions transition from the testing phase to broader implementation, solidifying its position as a strategic partner for a broad array of innovative solutions and applications.

Svenska Aerogel enters into a five-year supply agreement with Matrix Brands, specializing in incubating and commercializing global personal care brands, becoming the exclusive supplier of the specially developed aerogel material for use in personal care. The agreement includes conditions for scaling up production as well as the delivery of the material throughout the contract period. Svenska Aerogel receives approximately 130 KEUR for necessary production adaptations and expenses related to the pilot production of the material.

Outlast® Technologies, a global leader and pioneer in thermal management solutions textiles, has launched a groundbreaking solution for advanced temperature-regulating fibers using Svenska Aerogel’s material Quartzene®. Outlast® has now filed a patent application for this unprecedented solution. The launch is scheduled for January 2025.