Aspen Aerogels announces PyroThin award from ACC for Stellantis STLA Medium platform, DOE loan enters due diligence

ASPEN AEROGELS INC

Additional PyroThin EV Thermal Barrier award from ACC (Stellantis, Saft-TotalEnergies, Mercedes-Benz JV).
Supply for Stellantis STLA Medium platform; expected start of production in 2025.
DOE Loan Programs Office confirms pending ATVM application substantially complete; invites formal due diligence.
Loan intended to fund construction of second aerogel manufacturing facility in Georgia.
CEO Don Young: European market will drive meaningful portion of revenues over next few years.

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