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Aspen Aerogels
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Short description

Priovider of innovative thermal management solutions to the energy insulation market

Founded in 2001
Founded in

Company type Public Public (ASPN)
Company type

Industry Group materials & chemicals

Sector advanced materials

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Northborough, MA Northborough, United States
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Updated by Brian Cahill at Aspen Aerogels on 06/17/2018

Edited by Cleantech Group on 10/30/2024

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BASF BASF

SLENTEX® is an easy-to-process and non-combustible material based entirely on mineral raw materials. As a single-layer, flexible mat, it is now available for a variety of applications in the construction and modernization sectors. The novel high-performance insulation, an inorganic aerogel, has been developed in many years of cooperation with Aspen Aerogels Inc.

Confirmed by BASF
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Date Partner Type
09/21/2020
University of Akron University of Akron
The University of Akron in collaboration with Aspen Aerogels, plans to determine the cost-effectiveness of a low vacuum swing adsorption process for DAC.
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Confirmed by University of Akron
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IPO INFORMATION

Date

06/16/2014

IPO status

Listed

IPO Type

IPO

Amount

$83M

Initial shares

7500000

Ticker symbol

ASPN

Exchange listed

New York Stock Exchange

Prospectus URL

Prospectus

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Description

Massachusetts based developer of flexible insulation products raised $83 million in its IPO. The company priced 7.5 million shares at $11 per share, for an initial market cap of approximately $226 million. The company will trade on the NYSE under ticker symbol ASPN, while Barclays, J.P. Morgan and Citigroup served as lead underwriters.

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Date Investors Type Amount
10/17/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Loan commitment to finance the construction of an aerogel blanket manufacturing facility
 Loan Guarantee $671,000,000
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Products
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Spaceloft

For over 10 years, Spaceloft® aerogel blanket insulation has been the super-insulation material of choice to address heat loss in space challenged environments. Spaceloft® has the lowest thermal conductivity of any durable thermal insulation available today. Its flexible, hydrophobic and breathable format supports use in a wide range of applications.

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