- Business
- Svenska Aerogel Holding AB (publ) manufactures and commercializes Quartzene, a proprietary mesoporous nano-porous amorphous silica-based aerogel material designed as a functional additive to enhance product performance across multiple industries; its core offerings include hydrophilic and hydrophobic variants such as Quartzene Z1, Z2, Z1H1, Z2H1, Z-slurry, and SeaQuare, tailored for applications in thermal insulation, lightweight composites, fire resistance, filtration, paints and coatings, sealants, plasters, building panels, EV battery safety barriers, process industry solutions, and personal care products. The company serves key customer segments including transport, process industry, pulp and paper, building and construction, advanced materials, and textiles, with target markets encompassing manufacturers seeking sustainable improvements like reduced material use, weight reduction, plastic replacement, and energy savings; operations span Europe, North America, and Asia through a network of international distributors. Founded in 2000 and headquartered in Gävle, Sweden, approximately 170 km north of Stockholm, Svenska Aerogel conducts production and R&D at its facility there, with Svenska Aerogel AB as its wholly owned operating subsidiary; the company listed on Nasdaq First North Growth Market in 2016 and holds certifications including ISO 9001 and ISO 26000. Recent developments include a five-year exclusive supply agreement in November 2024 with Matrix Brands for a patented aerogel application in personal care products, featuring EUR 130,000 in upfront funding for production adaptations and pilot scaling; a supplier agreement with Outlast Technologies for temperature-regulating insulating fibers in textiles launching in January 2025, with SEK 1.5 million for adaptations; major orders in 2025 such as a 2.6-ton shipment to a North American outdoor insulation manufacturer and a container order from French distributor Novcoat, alongside progress in EV battery thermal barrier projects and a 50% increase in project pipeline; financing advances encompass a directed unit issue raising over SEK 15 million net in 2025 and a SEK 5 million loan facility from major shareholder Gästrike Nord Invest AB.