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Aspen Aerogels

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Last Updated 2024-04-30

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Ticker Symbol Entity Name As Of Date Profile Url Name Website Industry Description Revenue Headquarters location CEO Rating: CEO (%) Rating: CEO Responses Count Rating: Overall Happiness: Compensation score Happiness: Support score Happiness: Purpose score Happiness: Flexibility score Happiness: Energy score Happiness: Work Happiness score Happiness: Trust score Happiness: Learning score Happiness: Belonging score Happiness: Inclusion score Happiness: Overall score Happiness: Appreciation score Happiness: Achievement score Happiness: Responses Count Review Count Ratings Responses Count Rating: Culture & Values Rating: Compensation & Benefits Rating: Job Security & Advancement Rating: Senior Management Rating: Worklife Balance Interview: Duration Responses count Interview Duration Interview: Difficulty Responses count Interview Difficulty Interview: Experience Responses count Interview Experience Work Culture: Stressful (0) to Relaxed (1) Ratio Work Culture: Slow Paced (0) to Fast Paced (1) Ratio Work Culture: Competitive (0) to Collaborative (1) Ratio Date Added Date Updated Company Name Sector Industry
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 29th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 29th, 2022 12:58PM Aug 29th, 2022 12:58PM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 28th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 28th, 2022 05:58AM Aug 28th, 2022 05:58AM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 27th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 27th, 2022 05:19AM Aug 27th, 2022 05:19AM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 25th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 25th, 2022 09:56AM Aug 25th, 2022 09:56AM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 23rd, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 23rd, 2022 11:49AM Aug 23rd, 2022 11:49AM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 21st, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 21st, 2022 01:33PM Aug 21st, 2022 01:33PM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 20th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 20th, 2022 03:12PM Aug 20th, 2022 03:12PM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 19th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 19th, 2022 01:33PM Aug 19th, 2022 01:33PM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 18th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 18th, 2022 05:40AM Aug 18th, 2022 05:40AM Aspen Aerogels Industrials Construction & Materials
nyse:aspn https://www.indeed.com/cmp/aspen-aerogels,-inc. Aug 17th, 2022 12:00AM Open Aspen Aerogels, Inc. Chemical Manufacturing Aspen Aerogels' insulation products -- which look like thin, flexible blankets -- represent a new breed of thermal insulation. Its two product lines, Cryogel and Pryogel, are used by industrial companies to keep pipes and storage tanks at certain temperatures and protect equipment from water and fire damage. Customers include  ADM, Chevron, Exelon, Exxon, NextEra Energy, Petrobras, and Shell. Its Spaceloft brand insulation, develop with BASF's Construction Chemicals division, is used by the building and construction market to insulate walls and roofs. Aspen Aerogels generates more than half of its sales outside the US. The company filed a $115 million IPO in mid-2011. The need for a new type of thermal insulation came about from demand for more energy efficient products in the industrial and construction industries. Aspen Aerogels' products are five times more protective than traditional insulation, and its light weight and compact design makes it simple to ship and install. Besides its products, the company also conducts government-funded research and development related to aerogel technology for agencies such as the Dept. of Defense, the Dept. of Energy, and NASA. R&D contracts accounted for 10% of sales in 2010. Aspen Aerogels expects its contracts to decline as federal agencies tighten their belts and the company boosts its manufacturing capabilities. Armed with its first $4 million investment from RockPort Capital Partners, Aspen Aerogels was spun off in 2001 from Aspen Systems, Inc., a Massachusetts-based R&D firm that developed its aerogel products. Aspen Aerogels went on to win more than $120 million in venture capital over the years to further develop applications for its products, and in 2008 it opened a $30 million manufacturing plant in Rhode Island. It launched a second production line in 2011 that will double annual production capacity to about 42 million sq. ft. of aerogel blankets. A third production line is expected to be completed in 2012, using proceeds from the initial public offering. The company also plans to build a second manufacturing plant either in the US or Europe sometime in the second half of 2013. While Aspen Aerogels is focused on increasing its manufacturing capabilities, the company has yet to achieve profitability. It has an accumulated deficit of almost $200 million and expects to continue to face operating losses from its expansion efforts. The company only began generating significant revenues in 2008, when its new plant opened and it sold 6.9 million sq. ft. of aerogel products. By 2010, sales had more than doubled and the company sold 16 million sq. ft. of products. While demand is there, aerogels are expensive to manufacture, and costs are high. RRv1_100M_500M Northborough, MA 3.50 68.0 65.0 65.0 72.0 72.0 64.0 60.0 72.0 61.0 65.0 64.0 63.0 76.0 37.0 42.00 42.00 3.20 3.80 3.10 3.10 3.60 21.00 About a day or two 27.00 MEDIUM 23.00 FAVORABLE Aug 17th, 2022 10:55AM Aug 17th, 2022 10:55AM Aspen Aerogels Industrials Construction & Materials

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