Svenska Aerogel Approved for Nasdaq First North Listing

Svenska Aerogel Holding AB has been approved for listing on the Nasdaq First North market, with the first day of trading scheduled for December 20, 2016. This listing signifies the company's strategic move from a research and development focus to becoming a commercial entity with market-ready products.

The company develops and commercializes Quartzene®, a material produced through a flexible, environmentally friendly, and cost-effective manufacturing process. This method diverges significantly from traditional aerogel production, with the resultant cost savings enabling access to a wider array of new applications. Initially, Quartzene® will be developed for use in insulation, paints and coatings, and filtration of air and liquids.

Svenska Aerogel's strategy involves close collaboration with industrial partners to pioneer new applications where Quartzene®'s versatile properties and low production costs can be leveraged for industrial-scale manufacturing. The company may either supply Quartzene® to customers for integration into their products or engage in licensing agreements for its production technology.

Notably, Svenska Aerogel has been recognized by WWF as a Climate Solver, acknowledging its potential to significantly impact the global insulation market and contribute to energy savings and reduced CO2 emissions. CEO Anders Lundström highlighted the company's position in developing materials for multi-billion dollar industries while promoting global sustainability. The company description, prepared for the listing, is available on its website.