News & Events

Aspen Team is Selected for R&D 100 Award

Two Aspen business units including Aspen Systems, Inc., Aspen Aerogels, Inc., and the National Aeronautics and Space Administration (NASA) were selected to receive the prestigious R&D 100 Award given annually to the top 100 new products of the year worldwide. Presented by Cahners
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Aspen Thermal Division is Awarded Contract to Supply Pilot Cooling Systems in Eurofighter Tactical Aircraft

Aspen Thermal Division announced that it has received a contract to supply liquid conditioning units for pilot cooling of the Eurofighter Typhoon tactical aircraft. The cooling unit based on Aspen’s miniaturized vapor compression technology is the first use of active cooling in a fixe
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Aspen Thermal Division Receives Outstanding Readiness Support Award from Department of Defense (DOD)

Aspen Systems Thermal Division was selected by the Defense Logistics Agency (DLA) to receive the Outstanding Readiness Support Award. The award given in the category of “small business” was presented to Dr. Kang P. Lee, CEO and President at the Defense Supply Center in Phi
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Aspen Aerogels Announces Opening of New Facility in Northborough, MA

Aspen Aerogels, Inc., the world’s leading aerogel company and a subsidiary of Aspens Systems, Inc., has signed a lease for its new headquarters in Northborough, MA. The facility will provide Aspen Aerogels with over 31,000 square feet of office, laboratory and production space.
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Aspen Systems Receives 1999 SBIR Technology of the Year Award in Manufacturing and Materials

Aspen Systems’ excellence in the development of advanced materials has resulted in the prestigious 1999 SBIR (Small Business Innovative Research) Technology of the Year Award in Manufacturing and Materials. The award was presented to Aspen Systems during the Tech East 99 Conference in
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Aspen Aerogels is Formed and Completes $4 Million Placement

Aspen Systems, Inc. of Marlborough, MA has completed the formation of a new subsidiary, Aspen Aerogels, Inc., to produce, market, and expand the product range of its aerogel technology. The new company concurrently closed a first round financing led by RockPort Capital Partners L. P.
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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
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