NORTHBOROUGH, Mass., April 30,
2024 /PRNewswire/ -- Aspen Aerogels, Inc.
(NYSE:ASPN) ("Aspen", the
"Company"), a technology leader in aerogel-based sustainability and
electrification solutions, won a coveted Automotive News PACE Award
for its PyroThin cell-to-cell (C2C) barrier platform used by
leading automotive OEMs globally to improve electric vehicle (EV)
battery safety and performance. Aspen was also honored with an Innovation
Partnership Award recognizing its extensive collaboration with
General Motors in relation to the selection of PyroThin C2C
barriers as the thermal runaway solution for its Ultium battery
platform.
Automotive News' PACE program is recognized globally as the most
prestigious innovation award for automotive suppliers. These awards
acknowledge organizations that demonstrate exceptional ingenuity
and technological advancement, helping set a standard for industry
best practices. Winners were announced on April 29 at a black-tie ceremony in Detroit.
"We are incredibly honored to be named a winner of not one but
two awards," commented Don Young,
Aspen's President and CEO. "This
reflects Aspen's rich history of
customer collaboration and innovation that pushes the boundaries of
what our customers thought possible."
PACE Award
The Automotive News PACE Award recognizes
PyroThin C2C barriers as an industry-leading solution for thermal
runaway propagation. The PyroThin platform is based on Aspen's proprietary Aerogel Technology
Platform®, which has more than 20 years of proven performance in
real-world thermal and passive fire protection applications.
C2C barriers influence EV safety and the state-of-health of
lithium-ion batteries. PyroThin C2C thermal mechanical barriers
have been selected by leading EV OEMs in North America, Europe, and Asia. Aspen's
patent-protected technology has changed how automotive battery
engineers think about C2C barriers. PyroThin's patent-protected
technology combines thermal and mechanical protection mechanisms,
empowering battery engineers globally to achieve safety, energy
density, and cell health targets.
PACE Innovation Partnership Award
Aspen was also honored with an Innovation
Partnership Award to celebrate its engineering collaboration
utilizing tunable PyroThin technology for General Motors' Ultium
battery platform. The PACE Innovation Partnership Award commends
automotive OEMs and suppliers that work closely together to bring
an innovation to market. General Motors and Aspen collaborated closely as partners to
develop a thermal runaway propagation solution with PyroThin, which
is in high-volume serial production with passenger and commercial
vehicle OEMs in North America,
Europe, and Asia.
This is not the first time Aspen and General Motors' partnership has been
celebrated. Aspen was named an Overdrive Award Winner for
Launch Excellence, as part of General Motors' 30th Supplier of the
Year Award, in 2022. PyroThin's proprietary technology and
Aspen's agile engineering support
played a crucial role in General Motors' thermal runaway
propagation strategy for its Ultium battery platform.
"PACE" is shorthand for Premier Automotive Suppliers'
Contribution to Excellence. This annual award identifies suppliers
that are helping transform the automotive industry with their
innovations. Aspen earned its
Automotive News PACE Award following a rigorous process that
included a comprehensive written application and virtual site visit
conducted by independent industry, academic, and business
leaders.
For more details about the Automotive News PACE Award,
visit http://www.autonews.com/pace. To learn more about
PyroThin thermal barriers and Aspens' award-winning technology,
visit www.aerogel.com/PyroThin.
About Aspen Aerogels, Inc.
Aspen is a technology leader in sustainability
and electrification solutions. The Company's aerogel technology
enables its customers and partners to achieve their own objectives
around the global megatrends of resource efficiency, e-mobility,
and clean energy. Aspen's
PyroThin® products enable solutions to thermal runaway challenges
within the EV market. Aspen Battery Materials, the Company's carbon
aerogel initiative, seeks to increase the performance of
lithium-ion battery cells to enable EV manufacturers to extend the
driving range and reduce the cost of EVs. The Company's Cryogel®
and Pyrogel® products are valued by the world's largest energy
infrastructure companies. Aspen's
strategy is to partner with world-class industry leaders to
leverage its Aerogel Technology Platform® into additional
high-value markets. Aspen is
headquartered in Northborough,
Mass. For more information, please
visit www.aerogel.com.
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SOURCE Aspen Aerogels, Inc.