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.

 

Earlier this month, Svenska Aerogel announced receiving a pilot order for 560 kg of Quartzene®. Both this and the recently received order exceed the typical size for a pilot order at Svenska Aerogel, which usually ranges between 50–150 kg.

 

The next step is the pilot run with the ordered material. “A significant step forward is that we have now reached the pilot phase thanks to the solid, long-term collaboration with the parties involved. We are confident that the customers who are now entering the pilot phase will be successful in their product development and create increasing volumes for us,” says Tor Einar Norbakk, CEO of Svenska Aerogel.

 

“While we categorize this customer in the process industry, it is clear that its product will have a wide range of applications across various industries. It is a versatile and exciting technology for thermal insulation. We are happy to see how Quartzene® can enhance both new innovations and existing solutions in thermal insulation,” says Tor Einar Norbakk.

 

For further information, please contact:

Tor Einar Norbakk, CEO. Telephone: +46 (0)70 616 08 67. E-mail: toreinar.norbakk@aerogel.se

 

About Svenska Aerogel Holding AB (publ)

Svenska Aerogel manufactures and commercializes the mesoporous material Quartzene®. Svenska Aerogel’s business concept is to meet the market’s need for new materials that are in line with global sustainability objectives. Quartzene® is flexible and can be tailored to different applications to add essential properties to an end product. The company’s vision is to be the most valued business partner providing pioneering material solutions for a sustainable world.

 

Svenska Aerogel Holding AB is listed on Nasdaq First North Growth Market. Certified Adviser is FNCA.

 

Gävle, March 27, 2024