Aspen Aerogels, Inc. Files Registration Statement for Proposed Initial Public Offering

June 24, 2011

NORTHBOROUGH, Mass., June 24, 2011 /PRNewswire/ — Aspen Aerogels, Inc., an energy efficiency company that designs, develops and manufactures innovative, high-performance aerogel insulation, announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. Goldman, Sachs & Co. and Morgan Stanley & Co. LLC will act as joint book-running managers for the offering. The number of shares to be sold in the proposed offering and the price range of the proposed offering have not yet been determined.

A copy of the prospectus relating to these securities may be obtained, when available, from: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282 or Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, NY 10014.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

About Aspen Aerogels, Inc.

We are an energy efficiency company that designs, develops and manufactures innovative, high-performance aerogel insulation. We were founded in 2001 and are headquartered in Northborough, Massachusetts. Our products are designed to help our customers save money, conserve energy, reduce CO2 emissions and protect workers and assets. We manufacture our products using our proprietary process technology at our facility in East Providence, Rhode Island.

Forward-Looking Statements

Certain statements contained in this press release are forward-looking statements. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or other similar terminology. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our business, financial condition and operating results. While we believe these expectations and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. For a list and description of such risks and uncertainties, please refer to Aspen Aerogels, Inc.’s filings with the SEC that are available at www.sec.gov. Aspen Aerogels disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Aspen Aerogels, Inc.

Source: newswire

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