SINGAPORE and LUXEMBOURG, Sept. 2, 2024 /PRNewswire/ — Armacell, an international chief in versatile foam for the apparatus insulation marketplace and a supplier of engineered foams, together with its three way partnership spouse JIOS Aerogel (“JIOS”), an international chief in silica aerogel era, introduced as of late that Armacell has obtained all JIOS stocks in Armacell JIOS Aerogels Restricted (“AJA”). This transaction is the result of the three way partnership’s runaway good fortune and is derived at a past when JIOS is focussing its efforts at the electrical car marketplace, and Armacell is continuous to spend money on scaling up its aerogel capacities.

The three way partnership, AJA, was once established in 2016 to create silica aerogel merchandise the use of JIOS’s patented production procedure, with gross sales and advertising treated through Armacell’s international community. Since its inception, AJA has constructed a powerful presence within the power trade, with its extremely a success ArmaGel^® product sequence for high-temperature and cryogenic insulation. Aerogel is the arena’s lowest density cast subject material with high-level insulation potency. AJA’s production facility in Cheonan, South Korea, boasts an annual manufacturing capability of over 700 tonnes of aerogel powder, with plans for fast enlargement to aid the continuing expansion of its industry.

Stephen Kang, CEO and Co-Founding father of JIOS, expressed his eagerness: “We are thrilled to have supported the inception and growth of a profitable company, and to have now realised the value of this investment. The joint venture has demonstrated the exceptional performance and value of JIOS technology in producing silica aerogels at scale.“

As Laurent Musy, President and CEO of Armacell, mentioned: “This acquisition acknowledges the success of the joint venture that began eight years ago. It represents a major step forward in Armacell’s strategy to strongly grow its energy and industry business, in particular through technological innovations, increased capacity in aerogel manufacturing and outstanding service capabilities.“

With this transaction, AJA turns into a wholly-owned subsidiary of Armacell and continues to function underneath an evergreen licence pledge from JIOS for the significance of its patented aerogel powder manufacturing era. Divesting from the AJA three way partnership will permit JIOS to sharpen its focal point on offering aerogel answers that mitigate thermal runaway in electrical cars.

The phrases of the transaction stay undercover.

About JIOS Aerogel

JIOS Aerogel (JIOS) is the arena’s producer of silica aerogel powder. Headquartered in Singapore, the corporate was once based in 2013 to pioneer a unutilized procedure that dramatically lowers the price of aerogel manufacturing. JIOS is on a venture to boost up the adoption of aerogels to toughen the protection and function of electric-vehicle (EV) batteries. Recognised globally because the premier era for mitigating thermal runaway in lithium-ion batteries, aerogels handover an ultra-thin insulation layer between battery cells, providing remarkable thermal coverage at lofty temperatures. For more info, consult with www.jiosaerogel.com

About Armacell

Because the inventor of versatile foam for apparatus insulation and a supplier of engineered foams, Armacell develops leading edge and barricade thermal and mechanical answers that manufacture sustainable worth for its consumers. Armacell’s merchandise considerably give a contribution to international power potency, creating a too much all over the world each past. With greater than 3,300 staff and 25 manufacturing crops in 19 nations, the corporate operates two major companies, Complex Insulation and Engineered Foams, and generated internet gross sales of EUR 836 million and an adjusted EBITDA of EUR 155 million in 2023. Armacell makes a speciality of insulation fabrics for technical apparatus, high-performance foams for acoustic and light-weight programs, recycled PET merchandise, next-generation aerogel era and passive fireplace coverage methods. For more info, consult with: www.armacell.com

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