Svenska Aerogel's distributor Krahn Italy has placed an order for 1 ton of Quartzene® on behalf of a new customer. The customer is currently in the process of entering a new thermal insulation product in the Building & Construction segment, incorporating material from Svenska Aerogel. The customer has recently concluded the pilot phase for the product and is now commencing the ramp-up phase.

As the customer's commercialization process advances, it is positioned to transition into the expansion phase, with plans to place a significantly larger order expected in the first half of 2024.