Advanced Materials Technology, Inc (AMTI) responds to the NASA solicitation X10 "Cryogenic Propellant Storage and Transfer" under subtopic X.01 "Cryogenic Fluid Management Technologies". NASA is seeking for technologies in advanced cryogenic fluid storage and transfer to reduce launch operation costs by providing higher efficiency, lower maintenance and longer life while improving safety and minimizing consumable losses. To address the NASA needs, we propose to develop novel, sprayable, fire resistant, composite coating for insulation of advanced cryogenic fluid storage systems. The novel insulations will offer affordable cost, high strength and flexibility, high thermal stability, excellent durability, and easy processability through spraying technique, which will result in improved efficiency and reliability of the cryogenic systems. Once the feasibility of fabrication of lightweight cryogenic insulating materials by the proposed technology is demonstrated in Phase I, we shall scale-up this technology in a Phase II program to meet the NASA's requirements.