Continued demand for Quartzene[®] in cool roof paint – Svenska Aerogel receives 3 ton order

Svenska Aerogel receives a call-off order for 3 tons of Quartzene^® from its French distributor Novcoat. The order thus represents a delivery contract between the two companies for 2024 and will be divided into four deliveries during the year. The material will be used by Novcoat’s customer in cool roof paint.

When planning its deliveries for 2024, Novcoat’s customer ordered a total of 3 tons of Quartzene®. The value of the order is 96.8 KEUR.

Tor Einar Norbakk, CEO of Svenska Aerogel, comments: ”This order is a very positive sign for us, as it indicates continued strong growth for the customer’s product. The order confirms our belief in cool roof as an important application for our material.”

Read more about Quartzene® in cool roof solutions here.

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.

The information is information that Svenska Aerogel Holding AB (publ) is obliged to make public according to the EU Market Abuse Regulation. This information was released, through the agency of the above-mentioned contact person, on 19 February 2024, at 08:30 a.m. CET.