Brief: Svenska Aerogel Enters Into Collab Agreement With Producer

Svenska Aerogel Holding AB (publ)

21/07/2022 10:44

July 21 (Reuters) - Svenska Aerogel Holding AB (publ)
 AEROG.ST :
    * ENTERS INTO A STRATEGICAL AGREEMENT WITH A WORLD-LEADING
PRODUCER IN THE PROCESS INDUSTRY
    * COLLABORATION AGREEMENT INITIALLY REFERS TO FUNDING A
JOINT
RESEARCH AND DEVELOPMENT PLAN
    * FINANCIAL COMPENSATION TO SVENSKA AEROGEL AMOUNTS TO 465
KEUR
FOR RESEARCH AND DEVELOPMENT SERVICES
    * CUSTOMER HAS OPTION TO ORDER QUARTZENE, WITH EXPECTATION
OF
APPROXIMATELY 30 TONS PER YEAR DURING PILOT PHASE
    * WILL INITIALLY RECIEVE 465 KEUR AND SVENSKA AEROGEL
INTENDS TO
SELL 30 TONS OF QUARTZENE PER YEAR DURING PILOT PHASE

Source text for Eikon:  ID:nWkr244wcG 
Further company coverage:  AEROG.ST 

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