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Aspen Aerogels Reaches Settlement with AMA to Resolve Patent Case

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Aspen Aerogels (NYSE: ASPN) has announced a settlement agreement with AMA S.p.A. and AMA Composites S.r.l. to resolve their patent dispute in the Court of Genoa, Italy. The legal action concerned the unauthorized sale of infringing aerogel insulation materials in Europe.

The settlement acknowledges Aspen's innovations in developing high-performance insulation solutions. The company reaffirms its commitment to protecting intellectual property rights globally and promoting fair competition in the marketplace.

Aspen Aerogels (NYSE: ASPN) ha annunciato un accordo di transazione con AMA S.p.A. e AMA Composites S.r.l. per risolvere la loro controversia sui brevetti presso il Tribunale di Genova, Italia. L'azione legale riguardava la vendita non autorizzata di materiali isolanti aerogel in violazione dei brevetti in Europa.

L'accordo riconosce le innovazioni di Aspen nello sviluppo di soluzioni di isolamento ad alte prestazioni. L'azienda riafferma il suo impegno a proteggere i diritti di proprietà intellettuale a livello globale e a promuovere una competizione leale nel mercato.

Aspen Aerogels (NYSE: ASPN) ha anunciado un acuerdo de conciliación con AMA S.p.A. y AMA Composites S.r.l. para resolver su disputa de patentes en el Tribunal de Génova, Italia. La acción legal concernía la venta no autorizada de materiales de aislamiento de aerogel que infringen las patentes en Europa.

El acuerdo reconoce las innovaciones de Aspen en el desarrollo de soluciones de aislamiento de alto rendimiento. La empresa reafirma su compromiso de proteger los derechos de propiedad intelectual a nivel mundial y de promover una competencia justa en el mercado.

Aspen Aerogels (NYSE: ASPN)는 이탈리아 제노바 법원에서 AMA S.p.A. 및 AMA Composites S.r.l.와의 특허 분쟁을 해결하기 위한 합의 계약을 발표했습니다. 이 법적 조치는 유럽에서의 특허를 침해하는 에어로겔 단열재의 무단 판매와 관련이 있었습니다.

이번 합의는 높은 성능의 단열 솔루션 개발에서 Aspen의 혁신을 인정합니다. 회사는 전 세계적으로 지적 재산권 보호 및 공정한 시장 경쟁 촉진에 대한 약속을 재확인합니다.

Aspen Aerogels (NYSE: ASPN) a annoncé un accord de règlement avec AMA S.p.A. et AMA Composites S.r.l. pour résoudre leur litige en matière de brevets devant le tribunal de Gênes, en Italie. L'action en justice concernait la vente non autorisée de matériaux isolants en aérogels portant atteinte aux brevets en Europe.

Le règlement reconnaît les innovations d'Aspen dans le développement de solutions d'isolation haute performance. L'entreprise réaffirme son engagement à protéger les droits de propriété intellectuelle à l'échelle mondiale et à promouvoir une concurrence loyale sur le marché.

Aspen Aerogels (NYSE: ASPN) hat eine Vergleichsvereinbarung mit AMA S.p.A. und AMA Composites S.r.l. angekündigt, um ihren Patentsstreit vor dem Gericht in Genua, Italien, zu lösen. Die rechtlichen Schritte betrafen den unbefugten Verkauf von patentverletzenden Aerogel-Isoliermaterialien in Europa.

Der Vergleich erkennt die Innovationen von Aspen bei der Entwicklung von Hochleistungsisolierungslösungen an. Das Unternehmen bekräftigt sein Engagement zum Schutz der geistigen Eigentumsrechte weltweit und zur Förderung eines fairen Wettbewerbs auf dem Markt.

Positive
  • Successfully resolved patent infringement dispute with AMA
  • Strengthened intellectual property protection in European market
Negative
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Insights

The resolution of the patent dispute with AMA marks a strategic victory for Aspen Aerogels that extends beyond mere legal compliance. This settlement carries three significant implications for investors:

First, it reinforces Aspen's position as a dominant intellectual property holder in the aerogel technology space. By successfully defending its patents in Europe, one of the most stringent IP jurisdictions globally, Aspen has established a powerful precedent that strengthens its ability to protect its technology portfolio worldwide.

Second, the settlement likely includes provisions that will prevent future market disruption from unauthorized competitors. While specific terms remain undisclosed, such agreements typically involve either monetary compensation for past infringement or ongoing licensing arrangements, both of which would benefit Aspen's financial position and market stability.

Third, this resolution sends a clear deterrent message to other potential infringers, particularly in the rapidly growing energy efficiency solutions market. With the global push toward sustainability and stricter building energy codes, protecting proprietary aerogel technology becomes increasingly valuable. This successful enforcement of IP rights helps secure Aspen's competitive advantage in high-margin markets.

The timing is particularly strategic as the thermal insulation market continues to expand, driven by industrial applications and sustainable building requirements. By maintaining strong IP protection, Aspen positions itself to capture a larger share of this growth while preventing margin erosion from unauthorized competition.

NORTHBOROUGH, Mass., Jan. 28, 2025 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen"), a leading innovator and global leader in aerogel technology and high-performance aerogel insulation solutions, announced today that it has reached an agreement to resolve its patent dispute with AMA S.p.A. and AMA Composites S.r.l. (collectively, "AMA") before the Court of Genoa, Italy. This settlement concludes Aspen's legal action against AMA regarding the unauthorized sale of infringing aerogel insulation materials in Europe.

"We are pleased to have reached a settlement with AMA that recognizes the years of innovation Aspen Aerogels has dedicated to developing industry-leading, high-performance insulation solutions," said Keith Schilling, SVP of Technology at Aspen Aerogels. "We maintain our commitment to protecting our intellectual property rights worldwide and to promoting fair and lawful competition in the marketplace."

Aspen remains dedicated to advancing energy-efficient solutions through continuous innovation. The company will continue to take appropriate measures to safeguard its intellectual property and support fair practices within the industry.

About Aspen Aerogels, Inc.
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 ("EV") market. The Company's carbon aerogel initiative seeks to increase the performance of lithium-ion battery cells to enable EV manufacturers to reduce charging time and the cost of EVs. 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.

Special Note Regarding Forward-Looking and Cautionary Statements
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. 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. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook," and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include statements regarding, among other things: (i) beliefs about the outcome of any patent enforcement or appeals process in connection with such patent enforcement action; (ii) beliefs about Aspen's intellectual property and technology strategy and its implementation; (iii) beliefs about Aspen's aerogel technology platform and resulting commercial opportunities; (iv) beliefs about Aspen's plans or intentions to take patent enforcement actions; and (v) expectations about the cost, timing or likelihood of success of Aspen's patent enforcement actions and validity challenges.  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 risk factors discussed under the heading "Risk Factors" contained in our Annual Report on Form 10-K for the year ended December 31, 2023 and filed with the Securities and Exchange Commission ("SEC") on March 7, 2024, as well as any updates to those risk factors filed from time to time in our 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, and Aspen does not intend to update this information unless required by law.

Cision View original content:https://www.prnewswire.com/news-releases/aspen-aerogels-reaches-settlement-with-ama-to-resolve-patent-case-302362634.html

SOURCE Aspen Aerogels, Inc.

FAQ

What is the settlement agreement between Aspen Aerogels (ASPN) and AMA about?

The settlement resolves a patent dispute regarding unauthorized sale of infringing aerogel insulation materials in Europe, filed by Aspen Aerogels against AMA S.p.A. and AMA Composites S.r.l. in the Court of Genoa, Italy.

How does the January 2025 patent settlement affect ASPN's market position in Europe?

The settlement strengthens Aspen Aerogels' intellectual property protection in Europe and reinforces their position against unauthorized use of their aerogel insulation technology.

What was the specific patent infringement claim by ASPN against AMA?

The claim involved unauthorized sale of aerogel insulation materials in Europe that allegedly infringed on Aspen Aerogels' patents.

Where was the ASPN vs AMA patent dispute settled?

The patent dispute was settled before the Court of Genoa, Italy.

Aspen Aerogels, Inc.

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