News & Events

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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