Aerogel launching Quartzene® in South Korea – dealer will initiate sales immediately

Svenska Aerogel – listed on Nasdaq First North – has signed an agreement with its first dealer in the South Korean market. JTC Jinwoo Trading Co. Ltd., which focuses its operations on specialty chemicals, will initiate sales in Q2. The company has an extensive network of customers within Aerogel’s Paint&Coatings business area. 

Svenska Aerogel is creating sales within its Paint&Coatings business area through a dealer network found in several geographic markets.

“We are pleased with the growing interest in our solution. An increasing number of players are interested in marketing our Quartzene® product since it offers the superior properties of aerogel at an affordable price. With experienced and competent dealers such as JTC Jinwoo Trading Co., we have excellent opportunities to create good scalable sales quickly,” says Anders Lundström, CEO of Svenska Aerogel.

JTC Jinwoo Trading Co.’s customers are active in the automotive, mobile phone, plastics, cosmetics and other industries that require the customised products found within the Paint& Coatings business area. The agreement with Svenska Aerogel comprises a complete service package that includes marketing, sales, product quality and logistics. 

For more information, please contact:  Anders Lundström, CEO Svenska Aerogel, phone +46 70 656 80 42 

Svenska Aerogel is a commercial enterprise with a strong foundation in R&D. The company has developed and now commercialises Quartzene® in several business areas, primarily Insulation, Paint and Coatings, and Filtration. The Quartzene® material is produced using a flexible, eco-friendly and very cost-efficient method. Svenska Aerogel has developed several variations of Quartzene®, and both the product and method are patented. Commercialisation takes place in close cooperation with industrial partners that represent various important business areas. Svenska Aerogel was introduced on Nasdaq First North in December 2016. FNCA is the designated Certified Adviser for Svenska Aerogel. 

June Ho Lee, CEO JTC Jinwoo Trading Co. Ltd. phone +82 32 5467589        http://www.jinwootr.co.kr/en_index.php 

Anders Lundström, CEO Svenska Aerogel, phone +46 70 656 80 42              anders.lundstrom@aerogel.se       www.aerogel.se 

Svenska Aerogel is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of CEO Anders Lundström on 21 June 2017 at 8:00 a.m. CET.