Investors

Svenska Aerogel has received another significant pilot order. This time, the order for approximately 160 kg of Quartzene[®] has been placed by a new customer in the process industry through Svenska Aerogel’s Dutch distributor, Vesta Chemicals. The material will be used in a unique technology for thermal insulation that is currently being developed by the customer. Lately, Svenska Aerogel has noticed rapid development in several customer projects. This collaboration is an example of such progress, where another customer enters the pilot phase of their product development.

Svenska Aerogel has received its first order from a recently introduced key customer within the transport sector – a European supplier to the electric vehicle (EV) industry with a global presence. This order marks an important milestone in the collaboration. The size of the order, 560 kg of Quartzene[®], significantly exceeds the usual size for a pilot order, demonstrating great potential.

Svenska Aerogel is starting off 2024 by announcing its six key customers for the year, three of which are newly selected as key customers. The defining characteristic of these key customers is their estimated potential to rapidly progress into the commercial phase. Moreover, Svenska Aerogel believes these key customers align well with the company’s segments, possess a clear strategy and sustainability agenda, and have a significant need for the company’s products. Additionally, these key customers have a large volume potential; they estimate their potential to be approximately 2000 tons per year in the maturity phase.