Nasdaq First North-listed Svenska Aerogel has received a first smaller order from the global paint manufacturer nC Surface Technology. The company has decided to include Svenska Aerogel’s solution, Quartzene, in all their coating systems and the customer launch starts. nC Technology estimates a consumption of Quartzene worth about 150 MSEK / year in a successful launch.
nC Surface Technology based in Germany and Holland specializes in paint and coatings solutions in manufacturing and marine operations. The company started their tests of Quartzene in their products in March / April this year and has achieved very good results with Svenska Aerogel’s solution.
“We are enthusiastic about how quickly and smoothly it was for nC Surface Technology to include Quartzene in their special paints. In addition, the company decided to add Quartzene in all of their paint products. That shows how efficient and competitive our material is, says Anders Lundström, CEO Svenska Aerogel.
With this order, nC Surface Technology will carry out major verifications with its customers. In addition to the excellent thermal insulation properties in Quartzene, the company has observed very good acoustic insulation ability and strong fire-resistant properties in the final products.
For further information please contact:
Anders Lundström, CEO Svenska Aerogel, tel +46 (0)70-656 80 42
Svenska Aerogel is a commercial enterprise with a solid foundation in R&D. The company has developed and commercialises Quartzene® in several business areas, primarily Insulation, Paint&Coatings, and Filtration. Quartzene 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.
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 December 8, 2017, 2017 at 8:02 a.m. CET.