Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Samsung Agrees to Market and Sell Aspen Aerogels Insulation to the Solar Thermal Industry and Selected Petrochemical Plant Applications

Abstract:
Aspen Aerogels Inc. and Samsung America Inc. have signed a cooperative sales agreement under which Samsung will market and sell Aspen Aerogels' thermal insulation products to the concentrated solar thermal industry in the U.S. and Europe. Samsung also will market Aspen products to other energy related areas as well as petrochemical applications in selected geographies.

Samsung Agrees to Market and Sell Aspen Aerogels Insulation to the Solar Thermal Industry and Selected Petrochemical Plant Applications

Northborough, MA | Posted on January 12th, 2009

Samsung will sell Aspen Aerogels-branded, high-performance insulation, primarily Cryogel and Pyrogel, building on the growing sales of those products in energy markets. This strategic alliance will facilitate solid growth for both organizations and enable Samsung to expand its current development efforts in alternative energy markets such as concentrated solar power.

Aspen Aerogels' nano-based insulation will allow Samsung's concentrated solar thermal power customers to achieve improved levels of thermal performance, enabling this sustainable and innovative source of energy to become more efficient and affordable. The efforts that Aspen Aerogels and Samsung are making in the concentrated solar thermal power area are an important move in the battle to reduce greenhouse gases and provide a positive influence on climate change.

Cryogel is used for cryogenic and below-ambient applications in the LNG, gas processing and petrochemical markets; while Pyrogel is used for hot applications in the refining, petrochemical, power and solar markets.

"This association leverages the strengths of both companies to increase sales," said Aspen Aerogels' President and CEO Mr. Don Young. "Our energy-saving, space-saving insulation products are increasingly sought and specified in hydrocarbon processing and energy industries. Samsung brings extensive name recognition and marketing reach to help penetrate those markets further."

"The collaboration Samsung America has established with Aspen Aerogels will bring value to both companies, as well as energy saving benefits to the planet," said Samsung America's President and CEO Mr. K.D. Kim. "We are pleased to join Aspen Aerogels in developing this business and look forward to expanding our relationship through Samsung's marketing expertise and global presence."

####

About Aspen Aerogels Inc.
Aspen Aerogels (www.aerogel.com) supplies reinforced, nanoporous aerogel insulation products that are up to eight times more effective than other insulation materials. Aspen's insulation solutions deliver thermal and other benefits that enable customers to conserve energy and save money in a variety of industries including: oil and gas production and processing, LNG shipping and storage, outdoor apparel, building and construction, appliance, transportation, military and aerospace. Aspen manufactures three lines of products (Spaceloft, Cryogel and Pyrogel) at two state-of-the-art, high-capacity plants in East Providence, R.I., and Northborough, Mass.

About Samsung America Inc.

Samsung America Inc., a wholly owned subsidiary of Samsung C&T Corporation of Seoul, South Korea, is headquartered in Ridgefield Park, N.J., and maintains offices throughout North and South America. Samsung America's diversified businesses include the marketing of products to the chemical, steel, machinery, textile, energy, advanced materials and consumer brand areas.

For more information, please click here

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Shining rings: A new material emits white light when exposed to electricity: New synthetic approach could spark development of other dynamic materials July 24th, 2017

Ultrathin device harvests electricity from human motion July 23rd, 2017

The July 23 close fly-by of asteroid 2017 BS5 is explored in a Q&A with Dr. John S. Lewis, chief scientist at Deep Space Industries July 23rd, 2017

Scientists announce the quest for high-index materials: All-dielectric nanophotonics: The quest for better materials and fabrication techniques July 22nd, 2017

Announcements

Shining rings: A new material emits white light when exposed to electricity: New synthetic approach could spark development of other dynamic materials July 24th, 2017

Ultrathin device harvests electricity from human motion July 23rd, 2017

The July 23 close fly-by of asteroid 2017 BS5 is explored in a Q&A with Dr. John S. Lewis, chief scientist at Deep Space Industries July 23rd, 2017

Scientists announce the quest for high-index materials: All-dielectric nanophotonics: The quest for better materials and fabrication techniques July 22nd, 2017

Energy

'Upconverted' light has a bright future: Rice University professor developing plasmon-powered devices for medicine, security, solar cells July 17th, 2017

Making two out of one: FAU researchers have explained the mechanism behind a process that can increase the efficiency of organic solar cells July 12th, 2017

Argonne National Laboratory’s Continuous ALD Technology Licensed Exclusively to Forge Nano July 7th, 2017

Tiny bubbles provide tremendous propulsion in new microparticles research-Ben-Gurion U. June 21st, 2017

Alliances/Trade associations/Partnerships/Distributorships

GLOBALFOUNDRIES and VeriSilicon To Enable Single-Chip Solution for Next-Gen IoT Networks: Integrated solution leverages GF’s 22FDX® technology to decrease power, area, and cost for NB-IoT and LTE-M applications July 14th, 2017

Advanced Nanomechanical Characterization Centre Open in India: Nanomechanics, Inc. announces the establishment of the joint technology development center in Hyderabad, India July 5th, 2017

U.S. Air Force Research Lab Taps IBM to Build Brain-Inspired AI Supercomputing System: Equal to 64 million neurons, new neurosynaptic supercomputing system will power complex AI tasks at unprecedented speed and energy efficiency June 23rd, 2017

Cambridge Nanotherm partners with Inabata for global sales and distribution June 20th, 2017

Solar/Photovoltaic

'Upconverted' light has a bright future: Rice University professor developing plasmon-powered devices for medicine, security, solar cells July 17th, 2017

Making two out of one: FAU researchers have explained the mechanism behind a process that can increase the efficiency of organic solar cells July 12th, 2017

Thinking thin brings new layering and thermal abilities to the semiconductor industry: In a breakthrough for the semiconductor industry, researchers demonstrate a new layer transfer technique called "controlled spalling" that creates many thin layers from a single gallium nitride July 11th, 2017

Tiny bubbles provide tremendous propulsion in new microparticles research-Ben-Gurion U. June 21st, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project