Aspen Aerogels Reaches Settlement with AMA to Resolve Patent Case

Settlement Agreement - Aspen Aerogels has reached a settlement with AMA S p A and AMA Composites S r l to resolve a patent dispute regarding the unauthorized sale of infringing aerogel insulation materials in Europe [1] - The settlement concludes Aspen's legal action against AMA before the Court of Genoa, Italy [1] Company Commitment - Aspen remains committed to protecting its intellectual property rights worldwide and promoting fair competition in the marketplace [2] - The company will continue to take appropriate measures to safeguard its intellectual property and support fair industry practices [2] Company Overview - Aspen Aerogels is a technology leader in sustainability and electrification solutions, focusing on resource efficiency, e-mobility, and clean energy [3] - The company's PyroThin® products address thermal runaway challenges in the electric vehicle (EV) market [3] - Aspen's carbon aerogel initiative aims to enhance lithium-ion battery cell performance, reducing EV charging time and costs [3] - Cryogel® and Pyrogel® products are highly valued by major energy infrastructure companies [3] - Aspen's strategy involves partnering with industry leaders to expand its Aerogel Technology Platform® into high-value markets [3]