Aspen Aerogels Wins Automotive News PACE and Innovation Partner Awards from Investing.com



Northborough, Massachusetts, April 30, 2024 /PRNewswire/ — Aspen Aerogel Company (NYSE: ASPN) (“Aspen”, the “Company”), a technology leader in aerogel-based sustainability and electrification solutions, has won a coveted Automotive News PACE Award for its PyroThin cell-to-cell (C2C) barrier platform, Global Leading automotive OEMs use the platform to improve the safety and performance of electric vehicle (EV) batteries. Aspen Also won innovation partner The award recognizes its extensive collaboration with General Motors (NYSE: ) in selecting PyroThin C2C barriers as a thermal runaway solution for its Ultium battery platform.

Automotive News' The PACE program is recognized globally as the most prestigious innovation award for automotive suppliers. These awards recognize organizations that demonstrate exceptional creativity and technological advancement, helping to set industry best practice standards.Winners announced on April 29 in a formal formal ceremony Detroit.

“We are extremely honored to receive not one but two awards,” commented Tang Yang, Aspen's President and Chief Executive Officer. “This reflects Aspen's A rich history of customer collaboration and innovation that pushes the boundaries of what customers think is possible.

Pace Award
Automotive News PACE Awards recognize PyroThin C2C barrier as industry-leading solution for thermal runaway propagation. The PyroThin platform is based on Aspen's Proprietary Airgel Technology Platform® with over 20 years of proven performance in real-world thermal and passive fire protection applications.

C2C barriers impact electric vehicle safety and lithium-ion battery health. PyroThin C2C Thermomechanical Barrier Selected by Leading Electric Vehicle OEM North America, Europeand Asia. Aspen's Patent-protected technology changes the way automotive battery engineers think about C2C barriers. PyroThin's patented protection technology combines thermal and mechanical protection mechanisms to enable battery engineers worldwide to achieve safety, energy density and battery health goals.

PACE Innovation Partners prize
Aspen Also won innovation partner The award recognizes engineering collaboration utilizing tunable PyroThin technology on GM's Ultium battery platform. PACE Innovation Partnership The award recognizes automotive OEMs and suppliers who work closely together to bring innovation to market.General Motors and Aspen Working closely as a partner with PyroThin to develop thermal runaway propagation solutions that are already in high-volume production with passenger car and commercial vehicle OEMs North America, Europeand Asia.

This is not the first time Aspen The partnership with General Motors has been celebrated. Aspen has been named the Overdrive Excellence in Launch Award winner as part of General Motors' 30th Annual Supplier Awards in 2022. Aspen's Agile engineering support played a critical role in GM’s thermal runaway propagation strategy for its Ultium battery platform.

“PACE” is the abbreviation for Premier Automotive Supplier Contribution Excellence. This annual award recognizes suppliers who are helping transform the automotive industry through innovation. Aspen The Automotive News PACE Awards were awarded after a rigorous process that included a comprehensive written application and virtual on-site visits by independent industry, academic and business leaders.

For more details about the Automotive News PACE Awards, visit http://www.autonews.com/pace. To learn more about PyroThin Thermal Barrier and Aspens' award-winning technology, visit www.aerogel.com/PyroThin.

about Aspen Aerogels (NYSE: ) Ltd.
Aspen A technology leader in sustainable development and electrification solutions. The company's aerogel technology enables its customers and partners to achieve their goals around global megatrends in resource efficiency, e-mobility and clean energy. Aspen's PyroThin ® products address thermal runaway challenges in the electric vehicle market. Aspen Battery Materials is the company's carbon aerogel program designed to improve the performance of lithium-ion batteries, allowing EV manufacturers to extend the range and reduce costs of their electric vehicles. The company's Cryogel ® and Pyrogel ® products are valued by the world's largest energy infrastructure companies. Aspen's The strategy is to partner with world-class industry leaders and leverage its Airgel Technology Platform® to enter other high-value markets. Aspen Headquartered in Northborough, Massachusetts For more information, please visit www.aerogel.com.

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