Aspen Aerogels(ASPN) - 2024 Q3 - Quarterly Results

Exhibit 99.1 For Immediate Release Aspen Aerogels, Inc. Receives Conditional Commitment for Proposed DOE Loan and Provides Q3 2024 Preliminary Financial Results Proposed loan of up to $670.6 million would fund the remaining CAPEX needed to complete Company's second aerogel plant Interest rate at applicable U.S. Treasury Rate at the time of each cash draw Plant is expected to provide ~$1.2B - $1.6B of incremental PyroThin® thermal barrier revenue capacity Project financing structure, with Aspen Aerogels, Inc ...