Svenska Aerogel Holding (publ) signs Letter of Intent with Worlée Chemie, Germany
A collaboration for introduction and market development of Quartzene has been formalized in a Letter of Intent between Svenska Aerogel Holding AB (Publ) and Worlée Chemie, Germany.
Successful collaborations for Svenska Aerogel and Worlée Chemie. Reunion in November at China Coat in Shanghai.
Sara Wengström, Account Manager Svenska Aerogel
Torsten Adebahr, Head of Traded Products Division Worlée Chemie GmbH
Roland Ek, Product Manager Svenska Aerogel
The aim is to develop business in specified applications and allowing Svenska Aerogel access to Worlee's growing network of customers. Worlée will receive distribution rights in certain regions internationally and explore synergies between Quartzene and other materials in its product portfolio.
Worlée Chemie is a well-established private German company operating in international markets. They produce and distribute a wide range of resins and additives for different paint- and coating products. Worlée have distribution in more than 50 countries and reports sales for 2018 to 126 million Euro.The companies have collaborated for a long time to evaluate Quartzene's properties and the results are very positive. Svenska Aerogel's investment in a new energy-efficient manufacturing process increases the production capacity to commercial volumes.
Thermal insulation is a focus area for Svenska Aerogel. Quartzene is extremely porous and has excellent insulating properties. It is also environmentally friendly, cannot burn and withstands very high temperatures without changing. Thus, Quartzene can improve the properties of many different materials and products in insulation.
Tor Einar Norbakk, CEO Svenska Aerogel 070 616 0867 toreinar.norbakk@aerogel.se
Svenska Aerogel developpes Quartzene, the Next Generation aerogel. Quartzene is an additive for thermal insulation, filtration and printability. Svenska Aerogel Holding AB is listed on Nasdaq First North Growth Market. Certified Adviser is FNCA info@fnca.se +46 8 528 003 99. The information is published by Svenska Aerogel on Dec 9, 2019
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