<p>馬薩諸塞州北伯勒，2025 年 12 月 17 日（GLOBE NEWSWIRE）-- Aspen Aerogels, Inc.（紐約證券交易所代碼：ASPN）（“Aspen” 或 “公司”），作為可持續性和電氣化解決方案的技術領導者，今天宣佈已與 MidCap Financial 簽署了現有的信貸、安全和擔保協議的修訂。</p>
<p>此次修訂增強了 Aspen 的財務狀況，並更新了公司的財務契約框架，以提供額外的靈活性，以及其他技術性變更。</p>
<p>Aspen 首席財務官兼財務主管 Grant Thoele 表示：“我們的流動性前景超出預期，反映了運營效率、營運資金改善和謹慎的資本支出。我們重視與 MidCap 的持續合作伙伴關係。這次修訂為我們在 2026 年執行戰略提供了額外的財務靈活性。”</p>
<p>該修訂將提交給證券交易委員會。</p>
<p><strong>關於 Aspen Aerogels, Inc.</strong></p>
<p>Aspen 是可持續性和電氣化解決方案的技術領導者。公司的氣凝膠技術使客户和合作夥伴能夠實現其在資源效率、電動出行和清潔能源等全球大趨勢下的目標。Aspen 的 PyroThin®產品為電動汽車（“EV”）市場的熱失控挑戰提供瞭解決方案。公司的 Cryogel®和 Pyrogel®產品受到全球最大的能源基礎設施公司的重視。Aspen 的戰略是與世界級行業領導者合作，將其氣凝膠技術平台®拓展到更多高價值市場。Aspen 總部位於馬薩諸塞州北伯勒。欲瞭解更多信息，請訪問 www.aerogel.com。</p>
<p><strong>關於前瞻性和警示性聲明的特別説明</strong></p>
<p>本新聞稿包含 1995 年《私人證券訴訟改革法》所定義的 “前瞻性聲明”，這些聲明涉及風險和不確定性，可能導致實際結果與歷史結果或任何未來結果在實質上存在重大差異，包括與 Aspen 2025 年全年財務前景相關的聲明。這些聲明不是歷史事實，而是基於 Aspen 當前的期望、估計和預測，涉及 Aspen 的業務、運營及其他相關因素，包括與 Aspen 2025 年全年財務前景相關的因素。諸如 “可能”、“將”、“能夠”、“會”、“應該”、“預期”、“預測”、“潛在”、“繼續”、“期望”、“打算”、“計劃”、“項目”、“相信”、“估計”、“前景”、“假設”、“目標”、“機會” 等詞彙用於識別這些前瞻性聲明。這些前瞻性聲明包括關於 Aspen 對流動性、收入、現金流、毛利潤、毛利率、營業利潤、淨收入（虧損）、調整後 EBITDA、盈利能力、產能、收入能力、訂單積壓、成本、費用及相關增加、減少、趨勢或時機的信念和期望，包括與 Aspen 對電動汽車和能源工業市場的信念和期望相關的內容；以及 Aspen 業務的強度、有效性、生產力、成本、潛在盈利能力或其他基本面。所有這些前瞻性聲明均基於管理層當前的期望，並受到某些因素、風險和不確定性的影響，這些因素可能導致實際結果、事件結果、時機和表現與這些聲明所表達或暗示的內容存在重大差異。這些風險和不確定性包括但不限於：電動汽車和能源基礎設施市場的持續不確定性及對 Aspen 產品的潛在需求；無法執行 Aspen 的長期增長計劃；電動汽車熱障客户隨時可以無懲罰地取消與 Aspen 的合同；Aspen 在開發產品定價時所使用的預測之外產生的任何成本、費用或投資；Aspen 無法為其產品創造客户或市場機會；未能執行 Aspen 的任何專利；Aspen 所服務市場的一般經濟狀況和週期性需求；政府和經濟政策、激勵措施和關税變化對 Aspen 客户、生產、銷售、成本結構、競爭格局和運營結果的影響；以及在 Aspen 截至 2024 年 12 月 31 日的年度報告中討論的其他風險因素，該報告已於 2025 年 2 月 27 日提交給證券交易委員會（“SEC”），以及 Aspen 隨後定期和當前報告中不時提交的這些風險因素的任何更新。本新聞稿中包含的所有聲明僅在本新聞稿日期時有效。Aspen 不打算更新此信息，除非法律要求。</p>
<p><strong>投資者關係聯繫人：</strong></p>
<p>Neal Baranosky</p>
<p>nbaranosky@aerogel.com</p>
<p>電話：（508）691-1111 x 8</p>
<p>Georg Venturatos / Patrick Hall</p>
<p>Gateway Group</p>
<p>ASPN@gateway-grp.com</p>
<p>電話：（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 宣佈對其與 MidCap Financial 的信貸、安全和擔保協議進行了修訂，增強了其財務狀況並提供了額外的靈活性。該修訂包括對財務契約框架的更新，並將提交給美國證券交易委員會（SEC）。Aspen 的首席財務官強調，由於運營效率和審慎的資本支出，流動性前景有所改善。該公司專注於可持續性和電氣化解決方案，利用其氣凝膠技術平台在高價值市場中發展</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>馬薩諸塞州北伯勒，2025 年 12 月 17 日（GLOBE NEWSWIRE）-- Aspen Aerogels, Inc.（紐約證券交易所代碼：ASPN）（“Aspen” 或 “公司”），作為可持續性和電氣化解決方案的技術領導者，今天宣佈已與 MidCap Financial 簽署了現有的信貸、安全和擔保協議的修訂。</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>此次修訂增強了 Aspen 的財務狀況，並更新了公司的財務契約框架，以提供額外的靈活性，以及其他技術性變更。</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 首席財務官兼財務主管 Grant Thoele 表示：“我們的流動性前景超出預期，反映了運營效率、營運資金改善和謹慎的資本支出。我們重視與 MidCap 的持續合作伙伴關係。這次修訂為我們在 2026 年執行戰略提供了額外的財務靈活性。”</p>
</div><p>The amendment will be filed with the Securities and Exchange Commission.</p>
<div class="lb-trans"><p>該修訂將提交給證券交易委員會。</p>
</div><p><strong>About Aspen Aerogels, Inc.</strong></p>
<div class="lb-trans"><p><strong>關於 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 是可持續性和電氣化解決方案的技術領導者。公司的氣凝膠技術使客户和合作夥伴能夠實現其在資源效率、電動出行和清潔能源等全球大趨勢下的目標。Aspen 的 PyroThin®產品為電動汽車（“EV”）市場的熱失控挑戰提供瞭解決方案。公司的 Cryogel®和 Pyrogel®產品受到全球最大的能源基礎設施公司的重視。Aspen 的戰略是與世界級行業領導者合作，將其氣凝膠技術平台®拓展到更多高價值市場。Aspen 總部位於馬薩諸塞州北伯勒。欲瞭解更多信息，請訪問 www.aerogel.com。</p>
</div><p><strong>Special Note Regarding Forward-Looking and Cautionary Statements</strong></p>
<div class="lb-trans"><p><strong>關於前瞻性和警示性聲明的特別説明</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>本新聞稿包含 1995 年《私人證券訴訟改革法》所定義的 “前瞻性聲明”，這些聲明涉及風險和不確定性，可能導致實際結果與歷史結果或任何未來結果在實質上存在重大差異，包括與 Aspen 2025 年全年財務前景相關的聲明。這些聲明不是歷史事實，而是基於 Aspen 當前的期望、估計和預測，涉及 Aspen 的業務、運營及其他相關因素，包括與 Aspen 2025 年全年財務前景相關的因素。諸如 “可能”、“將”、“能夠”、“會”、“應該”、“預期”、“預測”、“潛在”、“繼續”、“期望”、“打算”、“計劃”、“項目”、“相信”、“估計”、“前景”、“假設”、“目標”、“機會” 等詞彙用於識別這些前瞻性聲明。這些前瞻性聲明包括關於 Aspen 對流動性、收入、現金流、毛利潤、毛利率、營業利潤、淨收入（虧損）、調整後 EBITDA、盈利能力、產能、收入能力、訂單積壓、成本、費用及相關增加、減少、趨勢或時機的信念和期望，包括與 Aspen 對電動汽車和能源工業市場的信念和期望相關的內容；以及 Aspen 業務的強度、有效性、生產力、成本、潛在盈利能力或其他基本面。所有這些前瞻性聲明均基於管理層當前的期望，並受到某些因素、風險和不確定性的影響，這些因素可能導致實際結果、事件結果、時機和表現與這些聲明所表達或暗示的內容存在重大差異。這些風險和不確定性包括但不限於：電動汽車和能源基礎設施市場的持續不確定性及對 Aspen 產品的潛在需求；無法執行 Aspen 的長期增長計劃；電動汽車熱障客户隨時可以無懲罰地取消與 Aspen 的合同；Aspen 在開發產品定價時所使用的預測之外產生的任何成本、費用或投資；Aspen 無法為其產品創造客户或市場機會；未能執行 Aspen 的任何專利；Aspen 所服務市場的一般經濟狀況和週期性需求；政府和經濟政策、激勵措施和關税變化對 Aspen 客户、生產、銷售、成本結構、競爭格局和運營結果的影響；以及在 Aspen 截至 2024 年 12 月 31 日的年度報告中討論的其他風險因素，該報告已於 2025 年 2 月 27 日提交給證券交易委員會（“SEC”），以及 Aspen 隨後定期和當前報告中不時提交的這些風險因素的任何更新。本新聞稿中包含的所有聲明僅在本新聞稿日期時有效。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>投資者關係聯繫人：</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>電話：（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>電話：（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 宣佈修訂 MidCap 信貸設施 | ASPN 股票新聞