Aspen Systems Completes Spin-Off of Aspen Aerogels

Aspen Systems, Inc. completed its spin-off of Aspen Aerogels, Inc. today by distributing to Aspen Systems holders of record, the pro rata amount of Aspen Aerogels common stock shares beneficially owned by Aspen Systems, Inc. The Internal Revenue Service has ruled that the distribution of the common stock is not taxable for U.S. federal income tax purposes. This important milestone legally separates Aspen Aerogels from its former parent Aspen Systems, which should allow it better access to capital and human resources.

Aspen Aerogels is a leading developer of aerogel nanotechnologies, with products that have broad applications in the commercial and military sectors.

Aspen Systems

Aspen is an ISO 9001:2008 registered company