Ludwigshafen, Germany, Northborough, MA, USA – April 3, 2019 – BASF SE (BASF) and Aspen Aerogels AG (Aspen) today signed an exclusive supply Supplemental agreement, announced to expand the strategic partnership between the two parties. The supplemental agreement covers the production and supply of new high-performance flame-retardant insulation products. As a complement to SLENTEX® , the new product has performed very well in early tests with key customers.
SLENTEX, which is now on the market, represents the most advanced flame retardant insulation technology with its unique combination of industry-leading thermal conductivity and flame retardant insulation grade. SLENTEX was developed for unique applications in the field of construction and building materials, including facade systems, thermal bridges and transition areas. And this new type of insulation product will also be used in a wider range of fields than building materials.
Aspen has received a second upfront payment from BASF as part of the supplemental agreement to support product optimization and new process development. BASF has exclusive marketing rights for newly developed products.
Don Young, President and CEO of Aspen, said: “When we announced the agreement with BASF in 2016 Joint Development Agreement, we shared a vision to create superior innovative products. Our relationship with BASF has exceeded expectations. The supplemental agreement recognizes our Commitment to co-development, and the additional upfront payment also strengthens our financial position.”
Yang Rui, President of BASF’s Performance Materials business unit, said: “The successful development of the product will help us better serve the fast-growing high-performance thermal insulation material market. This innovative product will expand our presence in the high-performance thermal insulation material market. product portfolio, the cooperation with SLENTEX will make our products more competitive. The supplemental agreement will accelerate the launch and use of new fire protection and ultra-efficient airgel insulation technologies on a global scale.” P>
微信扫一扫打赏
