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Aspen Aerogels Wins Automotive News PACE and Innovation Partnership AwardsNORTHBOROUGH, Mass., April 30, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE:ASPN) ("Aspen", the "Company"), a technology leader in aerogel-based sustainability and electrification solutions, won a coveted Automotive News PACE Award for its PyroThin cell-to-cell (C2C) barrier platform used by leading automotive OEMs globally to improve electric vehicle (EV) battery safety and performance. Aspen was also honored with an Innovation Partnership Award recognizing its extensive collaboration with General Motors in relation to the selection of PyroThin C2C barriers as the thermal runaway solution for its Ultium battery platform. Automotive News' PACE program is recognized globally as the most prestigious innovation award for automotive suppliers. These awards acknowledge organizations that demonstrate exceptional ingenuity and technological advancement, helping set a standard for industry best practices. Winners were announced on April 29 at a black-tie ceremony in Detroit. "We are incredibly honored to be named a winner of not one but two awards," commented Don Young, Aspen's President and CEO. "This reflects Aspen's rich history of customer collaboration and innovation that pushes the boundaries of what our customers thought possible." PACE Award C2C barriers influence EV safety and the state-of-health of lithium-ion batteries. PyroThin C2C thermal mechanical barriers have been selected by leading EV OEMs in North America, Europe, and Asia. Aspen's patent-protected technology has changed how automotive battery engineers think about C2C barriers. PyroThin's atent-protected technology combines thermal and mechanical protection mechanisms, empowering battery engineers globally to achieve safety, energy density, and cell health targets. PACE Innovation Partnership Award This is not the first time Aspen and General Motors' partnership has been celebrated. Aspen was named an Overdrive Award Winner for Launch Excellence, as part of General Motors' 30th Supplier of the Year Award, in 2022. PyroThin's proprietary technology and Aspen's agile engineering support played a crucial role in General Motors' thermal runaway propagation strategy for its Ultium battery platform. "PACE" is shorthand for Premier Automotive Suppliers' Contribution to Excellence. This annual award identifies suppliers that are helping transform the automotive industry with their innovations. Aspen earned its Automotive News PACE Award following a rigorous process that included a comprehensive written application and virtual site visit conducted by independent industry, academic, and business leaders. For more details about the Automotive News PACE Award, visit http://www.autonews.com/pace. To learn more about PyroThin thermal barriers and Aspens' award-winning technology, visit www.aerogel.com/PyroThin. About Aspen Aerogels, Inc.
View original content:https://www.prnewswire.com/news-releases/aspen-aerogels-wins-automotive-news-pace-and-innovation-partnership-awards-302132166.html SOURCE Aspen Aerogels, Inc. |