Svenska Aerogel is proud to announce the launch of their latest product, Quartzene® Z-Slurry. This aqueous aerogel suspension is easily processed and pumpable, enhancing thermal insulation, improving fire safety, and reducing the weight of end products. It offers significant advantages for paint manufacturers as well as producers of fibrous products. Quartzene® Z-Slurry is now available for purchase across Europe.
During the spring of 2024, Svenska Aerogel has recognized a growing trend of larger customer projects entering the pilot phase and has received several pilot orders. The company received its first order from a key customer in the transport industry, and recently, Svenska Aerogel sent a container order of approximately 1.4 tons to one of its partners in Asia. CEO Tor Einar Norbakk provides an update on the orders, key customers, and a new, exciting application for Svenska Aerogel’s material.
Svenska Aerogel has reached a significant milestone with its Asian partner, Rayoung. Following successful efforts to utilize the properties of Quartzene[®], Rayoung has advanced two new customer projects to the next phase, resulting in a container order of approximately 1.4 tons of Quartzene[®]. This order marks an exciting development in the collaboration.
Svenska Aerogel has received another pilot order, this time for 360 kg of Quartzene[®] from a European manufacturer of insulation materials. Following the recent announcements of pilot orders from two other customers, Svenska Aerogel continues its trend of larger customer projects entering the pilot phase.
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.
Specialty chemicals company Comindex has been appointed Svenska Aerogel’s new distributor in Spain, Portugal, and Morocco. Svenska Aerogel and Comindex signed a letter of intent in 2021, but now the collaboration has been formalized with a distributor agreement. This new agreement will boost Svenska Aerogel’s presence in these markets, focusing on thermal insulation paints and plasters. In countries where high temperatures are common, there is a strong demand for efficient heat insulation and reflective solutions. Svenska Aerogel believes that Quartzene[®]-infused products will play a significant role in meeting this demand.
As the year comes to a close, Svenska Aerogel is introducing a new key customer in the transport segment. The new key customer is a global, renowned supplier in the European automotive industry with substantial customer understanding and experience. Simultaneously, a key customer within the process industry has chosen Svenska Aerogel’s solution over a competing technology. Tor Einar Norbakk, CEO of Svenska Aerogel, discusses this and more in a new sales update.
