New equipment has been installed and the capacity has increased from about 3 tonnes / year up to 25-50 tonnes / year, depending on the variant of Quartzene®.
The timing is absolutely right in a situation where order volumes increase while the previous equipment reached the maximum capacity. The volumes produced up to date has mainly been designed for customer orders of Quartzene® for laboratory and pilot tests. With the new equipment in place Svenska Aerogel can ensure deliveries for the near future. The production process is very flexible and this is another step forward to a fullscale production plant in Gävle.
"This increase is very dependent on our ongoing campaign" Insulating Paint & Coatings ". We are intensively working on development projects together with partners where Quartzene® is used for its excellent insulating properties in paint and coating products. A number of positive technical results have been reported, and volumes of test material is steadily increasing. It feels good that we managed to adapt the production and can deliver Quartzene® at a higher rate now and we are expecting higher order volumes "Anders Lundström, CEO Svenska Aerogel.
Svenska Aerogel is a R&D company in materials technology that have been developing and now commercializes Quartzene® for various applications; primary Insulation, Paint & Coatings, and Filtration. Quartzene® is a material produced with a flexible, environmentally friendly and very cost effective method. Svenska Aerogel has developed a number of variants of Quartzene® with product and process patents. The commercialization is done in close cooperation with industrial partners representing various key business areas. Svenska Aerogel has recently been introduced on Nasdaq First North. The Certified Adviser for Svenska Aerogel is FNCA.
This information is published by Svenska Aerogel according to the EU Market Abuse Regulation. The information was submitted for publication by CEO Anders Lundström at 08:00 CET on March 6th, 2017.
Note: The English version of his press release is translated from the original written in Swedish. If in doubt about the content, the Swedish original will apply.