Aspen Aerogels(TM) Opens Edmonton Laboratory, Targets $1B Insulation Market in the Athabasca Oil Sands

    CALGARY, Alberta, June 14 /PRNewswire/ -- Aspen Aerogels, the
 Massachusetts-based developer of the nanotechnology-enabled aerogel
 blankets, announced today that it would invest heavily in the Oil Sands
 market, beginning with a new laboratory in Edmonton, set to open in August.
 "The Oil Sands represents a significant opportunity for Aspen, one that we
 estimate will represent a $75MM market within a five year time frame," said
 Don Young, Aspen Aerogels CEO.
     "Our aerogel blanket is perfectly suited for the Oil Sands," said
 Young. "Aspen's aerogel blanket is superior from a thermal conductivity
 standpoint when compared to traditional materials currently in use, and
 typically results in the reduction of installation labor and operating
 costs."
     "We have already shipped a number of significant orders to the Oil
 Sands market since launching our marketing campaign in January 2006," said
 Marc Lebel, Vice President of Sales & Marketing for Aspen. "With our new
 production facility in East Providence, Rhode Island coming online this
 fall, we will be able to easily keep up with the strong demand anticipated
 from planned Oil Sands projects."
     Aspen's first shipments of Pyrogel(TM) 6350 are currently being
 installed on the high pressure steam lines associated with a major Steam
 Assisted Gravity Drainage (SAGD) project, currently under construction.
 Aspen specially designed this grade for use in the rugged Oil Sands
 environment.
     The R-value per inch of the Aspen aerogel blanket is four to six times
 greater than conventional types of insulation. On the steam lines in
 question, the use of Aspen's aerogel blankets has resulted in a 3-inch
 reduction in the insulation thickness. The reduction in insulated pipe
 circumference typically creates dual benefits:
     *  Reduction in heat loss equal to up to 30% at equal touch temperatures
 
     *  Reduction in the size of the pipe rack needed to carry the pipelines of
        up to 55%
     The cost advantages made possible using aerogel blankets begin even
 before their installation because the cost of shipping and staging the
 blankets is reduced by as much as 85%. One truckload of Aspen's aerogel
 blanket can insulate the equivalent of seven or more truckloads of
 conventional types of insulation. This allows fewer inbound shipments to
 lay down areas, and therefore results in fewer runs between the staging
 area and installation sites. The installation of Aspen's aerogel blankets
 is also very straightforward, which means that apprentice labor can be used
 more efficiently on a given job. Finally, the number of man-hours per meter
 of insulation installed can be cut by nearly 50%. This is a significant
 advantage in areas where the supply of labor is an issue, such as in the
 Oil Sands market.
     Aspen's aerogel blankets have been in use in the Oil and Gas industry
 since 2004. A partial list of Aspen's oil and gas customers include, Total,
 ExxonMobil, Shell, ConocoPhillips, Murphy Oil, Stat Oil, Hydro, Devon
 Canada, Technip and Saipem.
     About Aspen Aerogels, Inc.
     Headquartered in Northborough, MA, USA, with branch offices worldwide
 including Edmonton, Aspen Aerogels supplies nanotechnology-enabled aerogel
 products with insulating properties that outperform traditional materials
 by two to eight times. Unlike other aerogel material providers, Aspen
 delivers the thermal and acoustic performance of aerogels in a ready-to-use
 blanket infused with silica nanostructures. This blanket format makes it
 easy for Aspen customers to conserve energy and save money in oil and gas
 recovery, LNG shipping and storage, apparel, military, aerospace and
 energy-related applications. In addition, Aspen is actively developing
 applications in the building/construction, automotive and fuel cell
 markets.
     Global Petroleum Show Booth #7503 (Hall D)
 
 

SOURCE Aspen Aerogels

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