Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

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

How cancer cells spread and squeeze through tiny blood vessels (video) June 30th, 2016

Oxford Instruments and Dresden High Magnetic Field Laboratory collaborate to develop HTS magnet technology components for high field superconducting magnet systems June 29th, 2016

Texas A&M Chemist Says Trapped Electrons To Blame For Lack Of Battery Efficiency: Forget mousetraps ó todayís scientists will get the cheese if they manage to build a better battery June 28th, 2016

Building a smart cardiac patch: 'Bionic' cardiac patch could one day monitor and respond to cardiac problems June 28th, 2016

Announcements

How cancer cells spread and squeeze through tiny blood vessels (video) June 30th, 2016

Oxford Instruments and Dresden High Magnetic Field Laboratory collaborate to develop HTS magnet technology components for high field superconducting magnet systems June 29th, 2016

Texas A&M Chemist Says Trapped Electrons To Blame For Lack Of Battery Efficiency: Forget mousetraps ó todayís scientists will get the cheese if they manage to build a better battery June 28th, 2016

Building a smart cardiac patch: 'Bionic' cardiac patch could one day monitor and respond to cardiac problems June 28th, 2016

Energy

Yale researchersí technology turns wasted heat into power June 27th, 2016

Nanoscientists develop the 'ultimate discovery tool': Rapid discovery power is similar to what gene chips offer biology June 25th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

FEI and University of Liverpool Announce QEMSCAN Research Initiative: University of Liverpool will utilize FEIís QEMSCAN technology to gain a better insight into oil and gas reserves & potentially change the approach to evaluating them June 22nd, 2016

Alliances/Trade associations/Partnerships/Distributorships

FEI and University of Liverpool Announce QEMSCAN Research Initiative: University of Liverpool will utilize FEIís QEMSCAN technology to gain a better insight into oil and gas reserves & potentially change the approach to evaluating them June 22nd, 2016

French Research Team Helps Extend MRI Detection of Diseases & Lower Health-Care Costs: CEA, INSERM and G2ELab Brings Grenoble Regionís Expertise In Advanced Medicine & Magnetism Applications to H2020 IDentIFY Project June 21st, 2016

Research showing why hierarchy exists will aid the development of artificial intelligence June 13th, 2016

UK NANOSAFETY GROUP publishes 2nd Edition of guidance to support safe working with nanomaterials May 30th, 2016

Solar/Photovoltaic

Nanoscientists develop the 'ultimate discovery tool': Rapid discovery power is similar to what gene chips offer biology June 25th, 2016

New generation of high-efficiency solar thermal absorbers developed June 20th, 2016

Novel capping strategy improves stability of perovskite nanocrystals: Study addresses instability issues with organometal-halide perovskites, a promising class of materials for solar cells, LEDs, and other applications June 13th, 2016

Perovskite solar cells surpass 20 percent efficiency: EPFL researchers are pushing the limits of perovskite solar cell performance by exploring the best way to grow these crystals June 13th, 2016

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







Car Brands
Buy website traffic