Announcement • Apr 25
Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2026 Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2026, at 10:00 W. Europe Standard Time. Location: writing & reading room, elite grand hotel in gavle, kyrkogatan 28, 803 11, gavle Sweden Announcement • Aug 07
Svenska Aerogel Holding AB (Publ) Appoints Henrik Andersson as Chief Financial Officer, Effective September 1, 2025 Svenska Aerogel Holding AB (publ) has nominated Henrik Andersson as Chief Financial Officer (CFO), effective September 1, 2025. He has extensive experience in the field, including serving as Group and Business Controller at international industrial companies. Henrik holds a Master's Degree in Business Administration and has extensive experience in the field. He has served as Group and Business Controller at companies such as IPCO Sweden AB and Sandvik Coromant. Announcement • Jun 24
Svenska Aerogel Holding AB (Publ) Announces Resignation of Elin Lovén as Chief Financial Officer Svenska Aerogel announced that the Company's Chief Financial Officer, Elin Lovén, has informed the Company of her decision to leave her position to pursue a new opportunity. Elin Lovén has served as CFO since 2022 and plans to remain in her role through the end of December 2025 to ensure a smooth transition. Announcement • Apr 24
Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2025 Svenska Aerogel Holding AB (publ), Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. Location: in the theatre hall, elite grand hotel, gavle, kyrkogatan 28, 803 11 gavle. Sweden Announcement • Mar 26
Svenska Aerogel Holding AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 24.583127 million. Svenska Aerogel Holding AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 24.583127 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 10,925,834
Price\Range: SEK 2.25
Transaction Features: Rights Offering Announcement • Feb 28
Svenska Aerogel Holding AB (publ) to Report Fiscal Year 2024 Results on Feb 27, 2025 Svenska Aerogel Holding AB (publ) announced that they will report fiscal year 2024 results on Feb 27, 2025 Announcement • Feb 27
Svenska Aerogel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.753267 million. Svenska Aerogel Holding AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 42.753267 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 19,001,452
Price\Range: SEK 2.25
Transaction Features: Rights Offering Buy Or Sell Opportunity • Nov 09
Now 97% undervalued The stock has been flat over the last 90 days, currently trading at €0.0001. The fair value is estimated to be €0.0034, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 61% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Buy Or Sell Opportunity • Oct 24
Now 96% undervalued after recent price drop Over the last 90 days, the stock has fallen 92% to €0.0001. The fair value is estimated to be €0.0026, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 61% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Buy Or Sell Opportunity • Oct 04
Now 96% undervalued after recent price drop Over the last 90 days, the stock has fallen 98% to €0.0001. The fair value is estimated to be €0.0027, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 61% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. New Risk • Oct 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.93m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr30m free cash flow). Share price has been highly volatile over the past 3 months (2,856% average daily change). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (kr2.4m revenue, or US$233k). Market cap is less than US$10m (€8.93m market cap, or US$9.94m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (kr23m net loss in 3 years). Buy Or Sell Opportunity • Sep 18
Now 96% undervalued The stock has been flat over the last 90 days, currently trading at €0.0001. The fair value is estimated to be €0.0023, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 61% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Announcement • Sep 05
Svenska Aerogel Holding AB (publ) to Launch Quartzene®? Z-Slurry Product Svenska Aerogel announced the launch of their latest product, Quartzene Z-Slurry. This aqueous aerogel suspension is easily processed and pumpable, enhancing thermal insulation, improving fire safety, and reducing the weight of end products. It offers significant advantages for paint manufacturers as well as producers of fibrous products. Quartzene Z-Slurry is now available for purchase across Europe. Quartzene Z-Slur is a low-viscosity, aqueous aerogel suspended, featuring amorphous hydrophilic silica. The product ensures fast, dust-free incorporation, making it ideal for waterborne manufacturing processes such as the production of paints, coatings, and technical textiles and papers. Designed to facilitate downstream processing in factory settings, Quartzene Z- Slurry improves efficiency and reduces operational complexities. Summary of key features and benefits. Waterborne pumpable hydrophilic aerogel slurry: Quartzene Z-Slurry's low-viscosity nature ensures easy processing and pumpability, facilitating seamless integration into existing manufacturing workflows. No dusting: The suspension's formulation eliminates dusting, promoting a cleaner and safer working environment. Enhanced thermal insulation: With low thermal conductivity, Quartzene Z-Slur enhances the thermal insulation properties of end products, contributing to energy efficiency and sustainability. Improved fire safety: The aerogel suspension's inherent properties improve fire safety. Lightweight solution: By reducing the weight of products, Quartzene Z-SlUR offers manufacturers the ability to create lighter, more efficient end products. Reported Earnings • Aug 30
Second quarter 2024 earnings released: kr0.007 loss per share (vs kr0.027 loss in 2Q 2023) Second quarter 2024 results: kr0.007 loss per share (improved from kr0.027 loss in 2Q 2023). Net loss: kr6.24m (loss narrowed 49% from 2Q 2023). Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Buy Or Sell Opportunity • Aug 29
Now 95% undervalued after recent price drop Over the last 90 days, the stock has fallen 96% to €0.0001. The fair value is estimated to be €0.0021, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 59% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Buy Or Sell Opportunity • Aug 08
Now 95% undervalued Over the last 90 days, the stock has risen 100% to €0.0002. The fair value is estimated to be €0.004, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 59% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Buy Or Sell Opportunity • Jul 01
Now 94% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to €0.0043. The fair value is estimated to be €0.069, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 59% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Buy Or Sell Opportunity • Jun 19
Now 93% undervalued after recent price drop Over the last 90 days, the stock has fallen 98% to €0.0001. The fair value is estimated to be €0.0015, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 59% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. New Risk • Jun 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 137% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr38m free cash flow). Share price has been highly volatile over the past 3 months (708% average daily change). Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m (kr2.1m revenue, or US$203k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (kr28m net loss in 3 years). Market cap is less than US$100m (€10.9m market cap, or US$11.8m). Buy Or Sell Opportunity • Jun 04
Now 96% undervalued after recent price drop Over the last 90 days, the stock has fallen 97% to €0.0001. The fair value is estimated to be €0.0027, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 59% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jim Wennerlid was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 10
Svenska Aerogel Holding AB (publ), Annual General Meeting, Jun 18, 2024 Svenska Aerogel Holding AB (publ), Annual General Meeting, Jun 18, 2024, at 10:00 W. Europe Standard Time. Location: in the teatersalen, elite grand hotel in gavle, kyrkogatan 28, 803 11 gavle, Sweden Buy Or Sell Opportunity • May 08
Now 94% undervalued after recent price drop Over the last 90 days, the stock has fallen 96% to €0.0001. The fair value is estimated to be €0.0017, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 56%. Reported Earnings • May 05
First quarter 2024 earnings released: kr0.01 loss per share (vs kr0.028 loss in 1Q 2023) First quarter 2024 results: kr0.01 loss per share. Net loss: kr11.2m (loss widened 1.7% from 1Q 2023). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Buy Or Sell Opportunity • Apr 19
Now 94% undervalued Over the last 90 days, the stock has risen 100% to €0.0002. The fair value is estimated to be €0.0032, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 55%. Buy Or Sell Opportunity • Apr 03
Now 35% undervalued Over the last 90 days, the stock has risen 5.0% to €0.0063. The fair value is estimated to be €0.0097, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 55%. Reported Earnings • Mar 20
Full year 2023 earnings released: kr0.085 loss per share (vs kr0.15 loss in FY 2022) Full year 2023 results: kr0.085 loss per share. Net loss: kr44.1m (loss widened 9.5% from FY 2022). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Germany. Buy Or Sell Opportunity • Mar 19
Now 47% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to €0.0036. The fair value is estimated to be €0.0068, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Earnings per share has grown by 55%. Buy Or Sell Opportunity • Feb 27
Now 55% undervalued after recent price drop Over the last 90 days, the stock has fallen 99% to €0.0001. The fair value is estimated to be €0.00022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Earnings per share has grown by 55%. Buy Or Sell Opportunity • Feb 08
Now 51% undervalued after recent price drop Over the last 90 days, the stock has fallen 99% to €0.0001. The fair value is estimated to be €0.0002, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Earnings per share has grown by 55%. Buy Or Sell Opportunity • Jan 21
Now 38% undervalued after recent price drop Over the last 90 days, the stock has fallen 99% to €0.0001. The fair value is estimated to be €0.00016, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Earnings per share has grown by 55%. Buying Opportunity • Jan 05
Now 43% undervalued after recent price drop Over the last 90 days, the stock is down 80%. The fair value is estimated to be €0.0033, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Earnings per share has grown by 55%. Announcement • Dec 23
Svenska Aerogel Holding AB (Publ) Introduces a New Key Customer in the Transport Segment As the year comes to a close, Svenska Aerogel is introducing a new key customer in the transport segment. The new key customer is a global, renowned supplier in the European automotive industry with substantial customer understanding and experience. Simultaneously, a key customer within the process industry has chosen Svenska Aerogel's solution over a competing technology. Reported Earnings • Nov 27
Third quarter 2023 earnings released: kr0.021 loss per share (vs kr0.031 loss in 3Q 2022) Third quarter 2023 results: kr0.021 loss per share. Net loss: kr10.7m (loss widened 40% from 3Q 2022). Reported Earnings • Aug 31
Second quarter 2023 earnings released: kr0.027 loss per share (vs kr0.047 loss in 2Q 2022) Second quarter 2023 results: kr0.027 loss per share. Revenue: kr292.0k (down 13% from 2Q 2022). Net loss: kr12.2m (loss widened 4.9% from 2Q 2022). Reported Earnings • Feb 18
Full year 2022 earnings released: kr0.10 loss per share (vs kr0.31 loss in FY 2021) Full year 2022 results: kr0.10 loss per share (improved from kr0.31 loss in FY 2021). Revenue: kr6.35m (up 255% from FY 2021). Net loss: kr40.3m (flat on FY 2021). Recent Insider Transactions • Dec 18
Chief Executive Officer recently sold €164k worth of stock On the 15th of December, Tor Norbakk sold around 2m shares on-market at roughly €0.067 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Tor's only on-market trade for the last 12 months. Announcement • Nov 03
Svenska Aerogel Introduced Their New Product Seaqare Svenska Aerogel introduced their new product SeaQare, an innovative technology that can be used in antifouling paint to reduce copper release from leisure boats into seas. At that time, the company also presented independent testing of SeaQare from 2021 which had extraordinary results. Now results have come in from another test, carried out in 2022. The new independent testing also presents very good results, which confirms the positive effect of SeaQare. Between June - October 2022, SeaQare's™ effect has been tested once more by Research Institutes of Sweden (RISE). This year's testing was conducted during the same season as last year's testing. The aim of the new, static sea test was to repeat the extraordinary result from 2021 with a scaled-up production volume. Before the test started, antifouling paint containing SeaQare™ was applied on several PMMA panels. The formulation used in the test, which is the best suited for this type of paints, is rosin-based and contains only 1.35 % Cu (OH)2. The panels were then attached to an aluminum frame which was placed at the Kristineberg Center on the Swedish west coast. Throughout the test period, inspections were made to measure and document fouling, and the panels have been photographed regularly by RISE's experts. These experts have evaluated the panels using industrial standard CEPE20, where SeaQare's™ efficacy has been evaluated based on five different families of fouling organisms on a scale of 0 - 5. Announcement • Sep 28
Svenska Aerogel Holding AB (publ) to Launch New Product Svenska Aerogel Holding AB (publ) announced that this month Svenska Aerogel participated in the International Antifouling Conference, organized by I-Tech and RISE in Gothenburg. At the conference, Pernilla Ståhle, Head of R&D at Svenska Aerogel, presented the company's new product SeaQareTM a sustainable technology that can be used in antifouling paints to reduce copper toxicity in seas. Independent product testing has presented extraordinary results. The new product SeaQareTM is based on amorphous, porous silica (Quartzene) which is hydrophilic and contains copper. SeaQareTM acts as a carrier of copper in antifouling paints, contributing to a controlled release of copper into the water. With the help of SeaQareTM, copper can be used more efficiently than in traditional antifouling paints, and unnecessary copper toxicity in oceans can be avoided. SeaQareTM was recently presented by Svenska Aerogel at the International Antifouling Conference where research, technology and the market were combined for two days. Svenska Aerogel's Head of R&D Pernilla Ståhle comments: The new product was well received; several important market players showed great interest in the lowest release rate they had ever seen. This means that SeaQareTM does not release more copper into the sea than is necessary to obtain the desired protection against fouling. Independent testing of SeaQare has presented extraordinary results SeaQare'sTM efficacy was tested by Research Institutes of Sweden (RISE) between June 2021 and October 2021. During the test, an antifouling paint containing SeaQare was also compared to commercial anti fouling paints on the market. The different antifouling paints were applied to PMMA panels. The panels were then randomly attached to an aluminium frame which was placed at the Kristineberg Center on the Swedish west coast. The first inspection of the panels was made after two months and the second was made after four months, at the end of the test. Fouling was documented at both inspections. The results showed that the paint containing SeaQareTM released significantly less and more even copper levels than the other paints. The competing paints caused a large release of copper (a burst-out) at the beginning of the test, which later decreased to a steady state level. SeaQareTM showed an initial release which was one-tenth as large as the normal release of antifouling paints after a week of testing. The sea test is currently being repeated on the Swedish west coast. In addition, continued testing with SeaQareTM will be conducted in North American waters in 2023. Product samples will be available for distribution to customers in November 2022. Announcement • Sep 23
Svenska Aerogel Holding AB (Publ) Announces Executive Changes Svenska Aerogel Holding AB (publ) announced that Elin Lovén will take up the position as Chief Financial Officer (CFO). Elin will replace Olof Esgård and will join Svenska Aerogel latest January 2023. She is a senior executive with a vast CFO experience and finance reporting experience from companies such as Sandvik Mining & Rock Technology, Duro Sweden AB and Grant Thornton. Elin has a Bachelor of Science in Business Administration with a specialization in financial management from Western California University. With a broad experience in economics and financial management from positions within listed companies, she will play an important role in for Svenska Aerogels future development. Reported Earnings • Aug 19
Second quarter 2022 earnings released: kr0.047 loss per share (vs kr0.09 loss in 2Q 2021) Second quarter 2022 results: kr0.047 loss per share. Net loss: kr11.6m (loss widened 4.1% from 2Q 2021). Board Change • Jul 31
High number of new directors Independent Director Petra Einarsson was the last director to join the board, commencing their role in 2021. Reported Earnings • Apr 28
First quarter 2022 earnings released: kr0.053 loss per share (vs kr0.082 loss in 1Q 2021) First quarter 2022 results: kr0.053 loss per share. Net loss: kr10.8m (loss widened 15% from 1Q 2021). Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Marten Hellberg is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 03
Svenska Aerogel Holding AB Announces Sales Director Changes Svenska Aerogel Holding AB appointed Joakim Wanner as Sales Director. Joakim Wanner takes over from Marco Mayor who continues in his own business. Joakim Wanner joins the management team at Svenska Aerogel with responsibility for continuing to drive sales of Quartzene in close collaboration with the company's distributors globally. Joakim Wanner latest assignment was at Wacker Kemi AB, where he was responsible for the Industrial solutions area within Wacker's silicone division, in the Nordic and Baltic countries, as well as handling major international customers. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: kr0.31 loss per share (up from kr0.52 loss in FY 2020). Net loss: kr40.6m (loss widened 8.5% from FY 2020). Revenue missed analyst estimates by 32%. Reported Earnings • Nov 20
Third quarter 2021 earnings released: kr0.062 loss per share (vs kr0.11 loss in 3Q 2020) Third quarter 2021 results: Net loss: kr8.54m (flat on 3Q 2020). Reported Earnings • Aug 28
Second quarter 2021 earnings released: kr0.09 loss per share (vs kr0.13 loss in 2Q 2020) Second quarter 2021 results: Net loss: kr11.2m (loss widened 9.8% from 2Q 2020). Reported Earnings • May 10
First quarter 2021 earnings released: kr0.082 loss per share (vs kr0.18 loss in 1Q 2020) First quarter 2021 results: Net loss: kr9.43m (flat on 1Q 2020). Announcement • Jan 28
Svenska Aerogel Holding AB Appoints Pernilla Ståhle as Head of Development Svenska Aerogel has recruited Pernilla Ståhle as Head of Develoment. She will be responsible for the development activities and application support to global customers developing new products with Quartzene. Pernilla will start in the new position March 1. Pernilla has a broad experience in leading industrial product development from pulp & paper, paint & coatings, packaging, and food industry. Pernilla Ståhles previous positions incudes Director Product Management & Development at BillerudKorsnäs and Tikkurila (Alcro-Beckers). Svenska Aerogel has enormous market potential and is in a very interesting expansive phase. Pernilla Ståhle will join Svenska Aerogel on Mach 1, 2021. Announcement • Dec 01
Svenska Aerogel Receives Orders for 1 Tonne from Rayoung in Asia and Another 1.2 Tonnes from French Distributor Novcoat Svenska Aerogel has received orders for 1 tonne from Rayoung in Asia and another 1.2 tonnes from French distributor Novcoat. This together with other orders in November means that Svenska Aerogel hits sales record. November is the best month ever for Svenska Aerogel with a total order volume of approximately 2.5 tonnes of Quartzene, value of approximately SEK 680,000. The orders come from Rayoung and Novcoat, using Quartzene for thermal insulating paint and coatings. Rayoung Chemtech Inc. Rayoung's new product, T-RayX APA1401, is a heat-insulating paint for use in industry and construction. It provides good thermal insulating effect for applications up to 275°C. Rayoung is responsible for distribution and marketing in Southeast Asia from Taiwan and through the subsidiary in China. Svenska Aerogel and Rayoung will jointly explore the possibility of launching the product in Europe. Novcoat is a distributor for Quartzene in Europe and has in its network manufacturers of thermal insulating paint and coating products, including La Celtique, which has developed a new insulating roof paint with Quartzene approaching the market. Reported Earnings • Nov 22
Third quarter 2020 earnings released: kr0.11 loss per share Third quarter 2020 results: Net loss: kr8.59m (loss widened 8.5% from 3Q 2019). Announcement • Oct 04
Svenska Aerogel Holding AB (Publ) Cooperates with La Celtique and Novcoat La Celtique has in pioneering cooperation with Svenska Aerogel and Novcoat developed a new insusulating roof coating with Quartzene, now approaching market. This thermal insulating coating is their first readymade product with Quartzene®, evaluated through CSTB (Centre Scientifique et Technique du Bâtiment), certifying that the product meets all requirements. Thermal insulating roof coating products with Quartzene® combine reflection and insulation to lower the temperature indoors during hot days. This can reduce the use of air conditioning and meets the increased demands in Europe for improvements in energy performance for buildings. Announcement • Sep 18
Svenska Aerogel Holding AB (publ) Receives First Order for Quartzene Produced with the New Production Technology from Barozzi Vernici Svenska Aerogel Holding AB (publ) announced that the first order for Quartzene produced with the new production technology was received from Barozzi Vernici, using Quartzene for insulating plasters. Very positive feedback from customers who have had the opportunity to evaluate Quartzene manufactured with its new technology. The material is easier to handle and allows a higher degree of addition levels, which further increases the insulation effect in the final product. The product Thermo-Line® won an innovation competition in the Netherlands in 2019 aiming for innovative, energy-efficient solutions for properties. Svenska Aerogel participated together with Barozzi Vernici and Vesta Chemicals, Svenska Aerogel's distributor in the Netherlands. A project started in connection with the prominent victory where Thermo-Line with Quartzene is used in a pilot project on existing buildings. Thermal insulating plasters and paints are well suited for application to existing buildings with insulation needs and Quartzene is a crucial additive. Insulating paint and coatings for energy saving in buildings is a priority segment for Svenska Aerogel.
The new technology in the factory in Gävle makes it possible to control the particle size in a repeatable way, which enables customers to increase the amount of Quartzene in their products for better performance while at the same time ensuring a more efficient mixing procedure. The material is less dusty, which is important both for the work environment at Svenska Aerogel and in the customers' manufacturing processes. The choice of a global supplier is strategic for future expansion of manufacturing modules in relevant markets. 
