details joining year-to-date financial John. the QX remainder for of Good QX afternoon. present earnings start performance; for calls. providing next, comments on our year. guidance XXXX Thank John the I you, will about Thank comment and the us will and business you XXXX and our by for for
Q&A We I my will in with topics to four cover the call conclude remarks. plan a prepared session.
action International the Commission, will in on I our patent victory First, at the recent United our States Trade enforcement ITC. comment
will important we as three the performance related that to review will indicators I the mark our Second, believe business successful year. of a XXXX
our will opportunity. market remainder our fourth, of the describe our the of I scope including strategy current term XXXX. will for environment longer Third, outlook I discuss And the reiterate commercial and
an complaint, patents. conducted engaged IPC Based selling on the by the Aerogel United of instituted trade investigation were or infringe of property. in our intellectual legal companies ITC rights States in actions unfair that that products infringed China-based alleging several companies that in announced our that We to with manufactured we a processes against infringe our assert took June and the filed practices two complaint a by we As XXXX, hearing. series a our
end investigation defendants the to the patents of patents While challenged validity full Aerogel Office. the the January the final validates defendants products the the two a anticipate that our The Trademark the was of Platform. of ITC Judge This the XXXX. Technology of remedy limited asserted infringed the determination outcome by States all the strength portfolio USPTO, deliberating, four prevent ITC a validity the ITC The remedy by Commission to and into the of at China-based patent on We that a challenge infringing denied very Patent favorable our be of and the found the we of protecting on Judge was exclusion the September determination United were of for valid to issued patent and by by Then a claims States. companies. by one recommended ITC violation the order overseeing the Aspen. as each XXth, importation United Aerogel
to companies to strategy to our Similar technology. and in we that our the leaders investments the committed our and Our R&D as of will is valuable strategy leverage are Technology our to that defending companies Platform our market by other Aerogel remain infringe intellectual Technology property. creating patented Platform our become have against essential that protection continue to and technology, right assert Aerogel appropriate
in similar and have first part the those XXXX. Chinese cases German Courts two in actions against same companies a European outstanding and expected of during distributor We the determination the
of three XXXX topic performance indicators second our an update related is the of important to business. today the Our
by first for power, the on petrochemical end building by development our and growth partnered focused value core demonstrating is new in materials. principally in markets, our to taking and goal quarter XXXX consecutive build of commercial momentum share LNG, including a energy, by including companies, market refinery our markets adjacent markets, Our in approach and indicator gaining and each district
in $XX goal in QX the development and revenue and to measuring revenue QX increases will adjacent even ahead. sequential We goals adjusted year in achieving QX. revenue in are with million QX, $XX.X stronger stronger QX, progress QX. than And position $XX.X momentum by We've continued our in We financial guidance QX of stronger million the than markets our EBITDA expect QX quarterly indicates, met QX believe our than year growing throughout this growth. and driving we and this goal successful this years us towards million new to core from to as this achieve by our stronger
During an Brazil United XTE latter The of Harvey. impact important project QX, supplied revenue Pyrogel million States. the we saw the to negative in initial in and over steady and of Hurricane $X growth Europe despite
XXXX XXXX XXXX successes are the LNG of the during region next building for our severe And many created are shaping products. In Asia with strong and for weakness up XXXX recent U.S., significant in Despite Hurricane first corrosion damage, challenge. was inefficient part flooding in believe despite insulation Asia, XXXX. well-positioned petrochemical will for believe a conditions is opportunity greater of after have the we than of in evaluated to the under respect projects, the region down XXXX. our and initial and performance operating Asia, in Wet current pause has which Harvey or in end-users far we the we projects. in safety to strong which growth the refinery and leads the a as on maintenance our is scope and insulation our plant and set
to a and possible. CUI of want up incident install running get back you as quickly and rapidly. combination problem the reduce products and hydrophobic solve A when perfect Our as
us. months pause an hurricane, the for the and quarters the been weeks have a While in represent will opportunity there coming may after
for tiebacks, the economics As earnings on XXXX the activity centers we have by subsea main last offshore activity discussed owners leverage at pipelines. assets positively recent been and construction the of time of attractive projects. the surprised to we of existing subsea of The call, with levels during for extended driver platform
achieved continue to not product delivered $X projects The during Our Aerogel are energy with but XXXX, one market the by be of subsea flow gross to accounts to million products improvement will thermal guarantee levels point EBITDA associated in addressing a robust, third revenue gross versus supplied additional versus activity to perfectly revenue capture and margin a basis continued quarter $X.X assurance that of XXXX QX million. supported challenges contributed projecting we XXX growth especially QX with in subsea, share. in growth pipelines. million in QX longer suited And QX. and positive penetrate We are during quarter revenue our clearly the This in markets, our We increase our is our to over global in and current growth yet goal increase momentum market XX%. importantly, QX the in $X.X and margin we QX XXXX. adjusted building
and context both centers of us provide than project our comprised and is and South project base day-out subsea XX% South Asia accounted to indicator on work, petrochemical of small in we The South revenue for other project --. remember the in permits is day-in to Asia subsea together petrochemical maintenance believe Fracking the not XXXX future To petrochemical in revenue our that the subsea Asia our of gauge second sustained important for revenue in project growth. approximately XXXX. which the
our in we less will revenue. However, of account anticipate total XXXX, XX% for that than slightly they
XXXX low base the XXs grown by in increase. core markets, XXXX and our gains from the South XXXX. anticipated revenue project XXXX, markets, low to XXs market On the our in not We has Asia in during growth and growth penetration and base project in in the in this XXXX by our price continued hand, in subsea driven dollars adjacent comprised other revenue, revenue petrochemical our in of of millions
customer, base lower keen strong in We we notable are the base infrastructure in in levels activity grow -- reaching on a our our will of petrochemical years we XXXX. strongly already Asia hand is XXXX continued revenue market XX and South base overall focus the from million. XXXX sorry to growth and year With revenue focus is confident record the generating to lower to backdrop subsea for especially relative revenue. on in XXXX energy have and out given This the close orders level a $XX
strategic case indicator small per of on Pyrogel work, be the new an for HPS targeting Success defined insulation will this our to the in work. of typical build to industry, adoption the third Pyrogel markets. performance our begin related to a business XXXX, is to revenue by to year $X.X July importance progression of then to on-schedule end, the project to million We XXXX scope diversifying ability portfolio of and $X year. consumes and work that into power studies, of product launched HPS, $X industry project adjacent a scope larger maintenance The year billion million before generate
launch, reach. after within days success XXX well approximately indicators Now, are these
Aerogel in In the addition, step the we which key into successful several global players we past, have have worked And market, this progression. is we the our specifications work a in as adoption the as way critical of our discussed Technology demonstration Pyrogel innovation; and products and commercialize an rollout Aerogel of that is and to to of develop is, Platform competency innovative adjacent leverage HPS to core new ability our commercialize market. important our to
power and future progress and target continue petrochemical in as to ability the our bodes This penetrate driver and and in Platform value core exciting to adjacent district LNG for markets, value well markets leverage Aspen high our energy now supplement refinery in new work. key market, Our illustrates our Aerogel markets. subsea and the for we diverse and efforts Technology
tally We we the in Again, as building will momentum three indicators report Pyrogel out of XXXX. QX conclusion revenue, upon expanding and HPS. on quarter, the these each our numbers the base three are indicators performance launching up
performance use next year. tool indicators to also set will progress report throughout XXXX and our this We for
early markets and par for and today XXXX that purposes, XXXX. upstream below would Our stated in limited that the petrochemical refining say pertains downstream to the levels constrained XX assume and third end XXXX. with market That outlook user, will conditions commercial on [ph]. that the for about energy We and upstream activity, planning XXXX topic downstream XXXX activity be market-wide spending environment our we in in current end by is remain year
mostly remain correct, adjacent Certain we oil now play by and although, for we well-positioned projects core conservative levels as our markets. been believe enabling leverage technically attractive encouraged in activity market today's execution environment; signals our our Technology to an of we remains Aerogel our strategy commercial recent to price projects these outlook, our in by certain have outlook subsea of bonus. executing in role feasible Overall, unexpected discussed, this new economically and an are we the are progress within While Platform subsea projects. are and across
projects core adoption and of in accelerated small and markets, characterized more pattern we mainstream in become become to to maintenance that our becoming and our project many our and our on are scope universally recently, we we are LNG. adoption has adjacent benefiting increasingly products to Furthermore, most And believe large work end recognized, scope truncated both markets applies as will from Our markets. be time. the maintenance believe focus from new pattern the projects products
We markets projects scope are planned adjacent period. now are for large and and specified which for XXXX our in important time core XXXX
and Our new markets to for ourselves ability over revenue, build work gives entering confidence strength base and significant to in that continue a we two to three-year position period, to to environment. our and This project topic, current opportunity. experience exhibit can to us final strategy fourth price substantial growth diverse reiteration within neatly leads the which the of even and the scope our is of our narrative
leverage to strategy our Aerogel Our Platform. Technology is
Aerogel We process and world-class product have technology.
in in to Core billion. moving creates very and core for insulation Our powerful and adjacent direction. is progress and energy building are $XX $X market standards to markets billion the technical a and opportunity adjacent and our are infrastructure materials from markets company. profitable over is The large, new size build large over
Our agreements macro BASF global by need of trends driven course, at high are resource the are for the insulations sustainability the that fire-resistant. by and efficiency level with and, of performance
adjacent offsetting current areas goal and additional broadening energy to Aerogel initial diversifying is new success our environment. More cyclical growth an weakness the indicative in we excellent represents as high and and Our markets building creating broadly, market which our large materials of markets, of towards market Platform. new to additional such BASF evaluate progress our engines in leverage partnered opportunities Technology our value the end template approach as and with entering
companies has for and Aerogel for thermal electrical financial and technical, mainly commercial, low porosity, in are world-class through markets are next-generation to well-positioned and technology high technologies, Aerogel high as could the will partners important that potential us. large new and Each enhanced conductivity, are markets and markets. such these suitable of target leverage that products area, be elements leaders, surface We to conductivity, prove
in marketing, in downturn the and are excellence and research we sales these believe will market, development, During energy the and to position. operational investments continue technical strong and invest creating and commercial
strategy of to our multiple framed that ROI Overall, our leveraging our we Technology continue company. of for diverse the Aerogel to will we're our markets growth. across performance end will us markets We technology, for confident our Platform that position long-term enable across solid strength users
financially up our will prudently operations, We our commitments maintain to and to to remain grow profitably, scale strong.
experienced of an team have We people.
strategy, our our in confident are execute We ability to realize our vision.
to John? over for call results. of the financial a turn I'll review Now, John our
