Svenska Aerogel reported a 60% increase in customer projects in 2024
Svenska Aerogel Holding AB saw a 60 percent increase in customer projects during 2024. Several significant customers are preparing product launches based on the company's technology.
Swedish material technology company Svenska Aerogel Holding AB reported a substantial growth in customer projects for 2024, with a 60 percent increase compared to the previous year. The company focuses on collaborative product development leveraging its Quartzene® technology.
Several key clients, including Outlast® Technologies and Matrix Brands, have advanced to the ramp-up phase for their product development and are preparing for market launches. Svenska Aerogel also secured a five-year supply agreement with Matrix Brands, indicating a deepening commercial relationship.
Significant commercial milestones in 2024 included a 1.4-ton container order from an Asian business partner and a 3-ton framework order for Quartzene® from a French distributor. The material's energy-saving capabilities were also demonstrated in cool roof applications for buildings.
The company's net sales for the full year 2024 amounted to SEK 2.6 million, a decrease from SEK 3.1 million in the prior year. The financial review covers the company's performance and strategic developments during the reporting period.