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 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.
Related News Press |
News and information
Researchers develop artificial building blocks of life March 8th, 2024
Announcements
What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024
Nanoscale CL thermometry with lanthanide-doped heavy-metal oxide in TEM March 8th, 2024
Energy
Development of zinc oxide nanopagoda array photoelectrode: photoelectrochemical water-splitting hydrogen production January 12th, 2024
Shedding light on unique conduction mechanisms in a new type of perovskite oxide November 17th, 2023
Inverted perovskite solar cell breaks 25% efficiency record: Researchers improve cell efficiency using a combination of molecules to address different November 17th, 2023
The efficient perovskite cells with a structured anti-reflective layer – another step towards commercialization on a wider scale October 6th, 2023
Alliances/Trade associations/Partnerships/Distributorships
Chicago Quantum Exchange welcomes six new partners highlighting quantum technology solutions, from Chicago and beyond September 23rd, 2022
University of Illinois Chicago joins Brookhaven Lab's Quantum Center June 10th, 2022
Solar/Photovoltaic
Development of zinc oxide nanopagoda array photoelectrode: photoelectrochemical water-splitting hydrogen production January 12th, 2024
Shedding light on unique conduction mechanisms in a new type of perovskite oxide November 17th, 2023
Inverted perovskite solar cell breaks 25% efficiency record: Researchers improve cell efficiency using a combination of molecules to address different November 17th, 2023
Charged “molecular beasts” the basis for new compounds: Researchers at Leipzig University use “aggressive” fragments of molecular ions for chemical synthesis November 3rd, 2023
The latest news from around the world, FREE | ||
Premium Products | ||
Only the news you want to read!
Learn More |
||
Full-service, expert consulting
Learn More |
||