<p>马萨诸塞州北伯勒，2025 年 12 月 17 日（GLOBE NEWSWIRE）-- Aspen Aerogels, Inc.（纽约证券交易所代码：ASPN）（“Aspen” 或 “公司”），作为可持续性和电气化解决方案的技术领导者，今天宣布已与 MidCap Financial 签署了现有的信贷、安全和担保协议的修订。</p>
<p>此次修订增强了 Aspen 的财务状况，并更新了公司的财务契约框架，以提供额外的灵活性，以及其他技术性变更。</p>
<p>Aspen 首席财务官兼财务主管 Grant Thoele 表示：“我们的流动性前景超出预期，反映了运营效率、营运资金改善和谨慎的资本支出。我们重视与 MidCap 的持续合作伙伴关系。这次修订为我们在 2026 年执行战略提供了额外的财务灵活性。”</p>
<p>该修订将提交给证券交易委员会。</p>
<p><strong>关于 Aspen Aerogels, Inc.</strong></p>
<p>Aspen 是可持续性和电气化解决方案的技术领导者。公司的气凝胶技术使客户和合作伙伴能够实现其在资源效率、电动出行和清洁能源等全球大趋势下的目标。Aspen 的 PyroThin®产品为电动汽车（“EV”）市场的热失控挑战提供了解决方案。公司的 Cryogel®和 Pyrogel®产品受到全球最大的能源基础设施公司的重视。Aspen 的战略是与世界级行业领导者合作，将其气凝胶技术平台®拓展到更多高价值市场。Aspen 总部位于马萨诸塞州北伯勒。欲了解更多信息，请访问 www.aerogel.com。</p>
<p><strong>关于前瞻性和警示性声明的特别说明</strong></p>
<p>本新闻稿包含 1995 年《私人证券诉讼改革法》所定义的 “前瞻性声明”，这些声明涉及风险和不确定性，可能导致实际结果与历史结果或任何未来结果在实质上存在重大差异，包括与 Aspen 2025 年全年财务前景相关的声明。这些声明不是历史事实，而是基于 Aspen 当前的期望、估计和预测，涉及 Aspen 的业务、运营及其他相关因素，包括与 Aspen 2025 年全年财务前景相关的因素。诸如 “可能”、“将”、“能够”、“会”、“应该”、“预期”、“预测”、“潜在”、“继续”、“期望”、“打算”、“计划”、“项目”、“相信”、“估计”、“前景”、“假设”、“目标”、“机会” 等词汇用于识别这些前瞻性声明。这些前瞻性声明包括关于 Aspen 对流动性、收入、现金流、毛利润、毛利率、营业利润、净收入（亏损）、调整后 EBITDA、盈利能力、产能、收入能力、订单积压、成本、费用及相关增加、减少、趋势或时机的信念和期望，包括与 Aspen 对电动汽车和能源工业市场的信念和期望相关的内容；以及 Aspen 业务的强度、有效性、生产力、成本、潜在盈利能力或其他基本面。所有这些前瞻性声明均基于管理层当前的期望，并受到某些因素、风险和不确定性的影响，这些因素可能导致实际结果、事件结果、时机和表现与这些声明所表达或暗示的内容存在重大差异。这些风险和不确定性包括但不限于：电动汽车和能源基础设施市场的持续不确定性及对 Aspen 产品的潜在需求；无法执行 Aspen 的长期增长计划；电动汽车热障客户随时可以无惩罚地取消与 Aspen 的合同；Aspen 在开发产品定价时所使用的预测之外产生的任何成本、费用或投资；Aspen 无法为其产品创造客户或市场机会；未能执行 Aspen 的任何专利；Aspen 所服务市场的一般经济状况和周期性需求；政府和经济政策、激励措施和关税变化对 Aspen 客户、生产、销售、成本结构、竞争格局和运营结果的影响；以及在 Aspen 截至 2024 年 12 月 31 日的年度报告中讨论的其他风险因素，该报告已于 2025 年 2 月 27 日提交给证券交易委员会（“SEC”），以及 Aspen 随后定期和当前报告中不时提交的这些风险因素的任何更新。本新闻稿中包含的所有声明仅在本新闻稿日期时有效。Aspen 不打算更新此信息，除非法律要求。</p>
<p><strong>投资者关系联系人：</strong></p>
<p>Neal Baranosky</p>
<p>nbaranosky@aerogel.com</p>
<p>电话：（508）691-1111 x 8</p>
<p>Georg Venturatos / Patrick Hall</p>
<p>Gateway Group</p>
<p>ASPN@gateway-grp.com</p>
<p>电话：（949）574-3860</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd05ERXlPU00zTXpJM05UQTJJekl4TnpjMk5qST0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd05ERXlPU00zTXpJM05UQTJJekl4TnpjMk5qST0"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/OTI4NjEyODYtMWZmZi00Mjg5LWI3YTQtNmRiYWUzNGY5MDdjLTExODkyMzEtMjAyNS0xMi0xNy1lbg==/tiny/Aspen-Aerogels-Inc-.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/OTI4NjEyODYtMWZmZi00Mjg5LWI3YTQtNmRiYWUzNGY5MDdjLTExODkyMzEtMjAyNS0xMi0xNy1lbg==/tiny/Aspen-Aerogels-Inc-.png"/></p>

ASPN

<p>Aspen Aerogels 宣布对其与 MidCap Financial 的信贷、安全和担保协议进行了修订，增强了其财务状况并提供了额外的灵活性。该修订包括对财务契约框架的更新，并将提交给美国证券交易委员会（SEC）。Aspen 的首席财务官强调，由于运营效率和审慎的资本支出，流动性前景有所改善。该公司专注于可持续性和电气化解决方案，利用其气凝胶技术平台在高价值市场中发展</p>

<p>NORTHBOROUGH, Mass., Dec. 17, 2025 (GLOBE NEWSWIRE) -- Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced that it has entered into an amendment to its existing Credit, Security and Guaranty Agreement with MidCap Financial.</p>
<div class="lb-trans"><p>马萨诸塞州北伯勒，2025 年 12 月 17 日（GLOBE NEWSWIRE）-- Aspen Aerogels, Inc.（纽约证券交易所代码：ASPN）（“Aspen” 或 “公司”），作为可持续性和电气化解决方案的技术领导者，今天宣布已与 MidCap Financial 签署了现有的信贷、安全和担保协议的修订。</p>
</div><p>The amendment enhances Aspen’s financial position and includes updates to the Company’s financial covenant framework to provide additional flexibility, along with other technical changes.</p>
<div class="lb-trans"><p>此次修订增强了 Aspen 的财务状况，并更新了公司的财务契约框架，以提供额外的灵活性，以及其他技术性变更。</p>
</div><p>“Our liquidity outlook is trending ahead of expectations, reflecting operational efficiencies, working capital improvements, and prudent capital spending,” said Grant Thoele, Aspen’s Chief Financial Officer &amp; Treasurer. “We value MidCap’s continued partnership. This amendment provides additional financial flexibility as we look ahead to executing our strategy in 2026.”</p>
<div class="lb-trans"><p>Aspen 首席财务官兼财务主管 Grant Thoele 表示：“我们的流动性前景超出预期，反映了运营效率、营运资金改善和谨慎的资本支出。我们重视与 MidCap 的持续合作伙伴关系。这次修订为我们在 2026 年执行战略提供了额外的财务灵活性。”</p>
</div><p>The amendment will be filed with the Securities and Exchange Commission.</p>
<div class="lb-trans"><p>该修订将提交给证券交易委员会。</p>
</div><p><strong>About Aspen Aerogels, Inc.</strong></p>
<div class="lb-trans"><p><strong>关于 Aspen Aerogels, Inc.</strong></p>
</div><p>Aspen is a technology leader in sustainability and electrification solutions. The Company's aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Aspen's PyroThin® products enable solutions to thermal runaway challenges within the electric vehicle (&#34;EV&#34;) market. The Company's Cryogel® and Pyrogel® products are valued by the world's largest energy infrastructure companies. Aspen's strategy is to partner with world-class industry leaders to leverage its Aerogel Technology Platform® into additional high-value markets. Aspen is headquartered in Northborough, Mass. For more information, please visit www.aerogel.com.</p>
<div class="lb-trans"><p>Aspen 是可持续性和电气化解决方案的技术领导者。公司的气凝胶技术使客户和合作伙伴能够实现其在资源效率、电动出行和清洁能源等全球大趋势下的目标。Aspen 的 PyroThin®产品为电动汽车（“EV”）市场的热失控挑战提供了解决方案。公司的 Cryogel®和 Pyrogel®产品受到全球最大的能源基础设施公司的重视。Aspen 的战略是与世界级行业领导者合作，将其气凝胶技术平台®拓展到更多高价值市场。Aspen 总部位于马萨诸塞州北伯勒。欲了解更多信息，请访问 www.aerogel.com。</p>
</div><p><strong>Special Note Regarding Forward-Looking and Cautionary Statements</strong></p>
<div class="lb-trans"><p><strong>关于前瞻性和警示性声明的特别说明</strong></p>
</div><p>This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements, including statements relating to Aspen’s financial outlook for the full year 2025. These statements are not historical facts but rather are based on Aspen’s current expectations, estimates and projections regarding Aspen's business, operations and other factors relating thereto, including with respect to Aspen’s financial outlook for the full year 2025. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook,” “assumes,” “targets,” “opportunity,” and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include statements regarding, among other things, Aspen’s beliefs and expectations about liquidity, revenue, cash flow, gross profit, gross margin, operating margin, net income (loss), Adjusted EBITDA, profitability, capacity, revenue capacity, backlog, costs, expenses, and related increases, decreases, trends or timing, including with respect to Aspen’s beliefs and expectations about the EV and energy industrial market; and; the strength, effectiveness, productivity, costs, potential profitability or other fundamentals of Aspen’s business. All such forward-looking statements are based on management’s present expectations and are subject to certain factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the following: ongoing uncertainty in the EV and energy infrastructure markets and potential demand for Aspen’s products; inability to execute Aspen’s long-term growth plan; the right of EV thermal barrier customers to cancel contracts with Aspen at any time and without penalty; any costs, expenses, or investments incurred by Aspen in excess of projections used to develop pricing for Aspen’s products; Aspen’s inability to create customer or market opportunities for its products; any failure to enforce any of Aspen’s patents; the general economic conditions and cyclical demands in the markets that Aspen serves; the impact of changes in government and economic policies, incentives, and tariffs on Aspen's customers, production, sales, cost structure, competitive landscape and results of operations; and the other risk factors discussed under the heading “Risk Factors” in Aspen’s Annual Report on Form 10-K for the year ended December 31, 2024 and filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025, as well as any updates to those risk factors filed from time to time in Aspen’s subsequent periodic and current reports filed with the SEC. All statements contained in this press release are made only as of the date of this press release. Aspen does not intend to update this information unless required by law.</p>
<div class="lb-trans"><p>本新闻稿包含 1995 年《私人证券诉讼改革法》所定义的 “前瞻性声明”，这些声明涉及风险和不确定性，可能导致实际结果与历史结果或任何未来结果在实质上存在重大差异，包括与 Aspen 2025 年全年财务前景相关的声明。这些声明不是历史事实，而是基于 Aspen 当前的期望、估计和预测，涉及 Aspen 的业务、运营及其他相关因素，包括与 Aspen 2025 年全年财务前景相关的因素。诸如 “可能”、“将”、“能够”、“会”、“应该”、“预期”、“预测”、“潜在”、“继续”、“期望”、“打算”、“计划”、“项目”、“相信”、“估计”、“前景”、“假设”、“目标”、“机会” 等词汇用于识别这些前瞻性声明。这些前瞻性声明包括关于 Aspen 对流动性、收入、现金流、毛利润、毛利率、营业利润、净收入（亏损）、调整后 EBITDA、盈利能力、产能、收入能力、订单积压、成本、费用及相关增加、减少、趋势或时机的信念和期望，包括与 Aspen 对电动汽车和能源工业市场的信念和期望相关的内容；以及 Aspen 业务的强度、有效性、生产力、成本、潜在盈利能力或其他基本面。所有这些前瞻性声明均基于管理层当前的期望，并受到某些因素、风险和不确定性的影响，这些因素可能导致实际结果、事件结果、时机和表现与这些声明所表达或暗示的内容存在重大差异。这些风险和不确定性包括但不限于：电动汽车和能源基础设施市场的持续不确定性及对 Aspen 产品的潜在需求；无法执行 Aspen 的长期增长计划；电动汽车热障客户随时可以无惩罚地取消与 Aspen 的合同；Aspen 在开发产品定价时所使用的预测之外产生的任何成本、费用或投资；Aspen 无法为其产品创造客户或市场机会；未能执行 Aspen 的任何专利；Aspen 所服务市场的一般经济状况和周期性需求；政府和经济政策、激励措施和关税变化对 Aspen 客户、生产、销售、成本结构、竞争格局和运营结果的影响；以及在 Aspen 截至 2024 年 12 月 31 日的年度报告中讨论的其他风险因素，该报告已于 2025 年 2 月 27 日提交给证券交易委员会（“SEC”），以及 Aspen 随后定期和当前报告中不时提交的这些风险因素的任何更新。本新闻稿中包含的所有声明仅在本新闻稿日期时有效。Aspen 不打算更新此信息，除非法律要求。</p>
</div><p><strong>Investor Relations Contacts:</strong></p>
<div class="lb-trans"><p><strong>投资者关系联系人：</strong></p>
</div><p>Neal Baranosky</p>
<div class="lb-trans"><p>Neal Baranosky</p>
</div><p>nbaranosky@aerogel.com</p>
<div class="lb-trans"><p>nbaranosky@aerogel.com</p>
</div><p>Phone: (508) 691-1111 x 8</p>
<div class="lb-trans"><p>电话：（508）691-1111 x 8</p>
</div><p>Georg Venturatos / Patrick Hall</p>
<div class="lb-trans"><p>Georg Venturatos / Patrick Hall</p>
</div><p>Gateway Group</p>
<div class="lb-trans"><p>Gateway Group</p>
</div><p>ASPN@gateway-grp.com</p>
<div class="lb-trans"><p>ASPN@gateway-grp.com</p>
</div><p>Phone: (949) 574-3860</p>
<div class="lb-trans"><p>电话：（949）574-3860</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd05ERXlPU00zTXpJM05UQTJJekl4TnpjMk5qST0" alt="" original-src="https://www.globenewswire.com/newsroom/ti?nf=OTYwNDEyOSM3MzI3NTA2IzIxNzc2NjI="/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/OTI4NjEyODYtMWZmZi00Mjg5LWI3YTQtNmRiYWUzNGY5MDdjLTExODkyMzEtMjAyNS0xMi0xNy1lbg==/tiny/Aspen-Aerogels-Inc-.png" alt="" original-src="https://ml.globenewswire.com/media/OTI4NjEyODYtMWZmZi00Mjg5LWI3YTQtNmRiYWUzNGY5MDdjLTExODkyMzEtMjAyNS0xMi0xNy1lbg==/tiny/Aspen-Aerogels-Inc-.png"/></p>

Aspen Aerogels 宣布修订 MidCap 信贷设施 | ASPN 股票新闻