Aspen Aerogels Opens New $30 Million Manufacturing Plant to Meet Customer Demand for Its High-Performance Insulation

Apr 03, 2008, 01:00 ET from Aspen Aerogels

    NORTHBOROUGH, Mass., April 3, 2008 /PRNewswire/ -- Aspen Aerogels has
 tripled its production capacity with its newly opened, state-of-the-art,
 150,000-square-foot manufacturing facility in East Providence, R.I.
     The $30 million investment in the new facility enables Aspen Aerogels
 to meet growing commercial demand for its nanoporous aerogel blanket
 insulation, which is proven to be up to eight times more effective than
 other insulation products.
     "The East Providence plant allows us to keep pace with the growing
 demand for our high-quality aerogel products," said Don Young, Aspen
 Aerogels' president and CEO. "The large investment we have made in both the
 advanced aerogel technology and the East Providence plant enables the
 company to better serve our customers and to maintain our position as an
 emerging leader in the energy efficiency market."
     Two expansions of the East Providence facility have been planned and
 will bring revenue capacity to a level exceeding $200 million. The new
 facility is bringing dozens of new and well-paying jobs to the Rhode Island
     About Aspen Aerogels
     Aspen Aerogels is based in Northborough, Mass., with corporate offices,
 R&D laboratories and the original manufacturing facility located there.
 Sales offices are located worldwide. Aspen produces lightweight, flexible,
 nanoporous aerogel insulation products in three lines: Cryogel(TM),
 Pyrogel(R) and Spaceloft(R). The products conserve energy and save money in
 a variety of industries including oil and gas production and processing,
 LNG shipping and storage, building and construction, outdoor apparel,
 appliance, transportation, military and aerospace.

SOURCE Aspen Aerogels