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BASF and Aspen Aerogels Expand Strategic Partnership 2019.04.05

Ludwigshafen, Germany and Northborough, MA, USA - April 03, 2019 - BASF SE and Aspen Aerogels, Inc announced today the expansion of their strategic partnership with the signing of an addendum to their exclusive supply agreement. The addendum provides for the production and supply of a new non-combustible, high-performance thermal insulation product. The new product, complimentary to SLENTEX, is showing excellent performance in early testing with lead customers.

The famous two-mile-long Seattle Tunnel has finally opened to traffic.
Photo courtesy of BASF
 

Ludwigshafen, Germany and Northborough, MA, USA - April 03, 2019

• Supply agreement enhanced to include new non-combustible insulation product

BASF SE (“BASF”) and Aspen Aerogels, Inc. (“Aspen”) announced today the expansion of their strategic partnership with the signing of an addendum to their exclusive supply agreement.

The addendum provides for the production and supply of a new non-combustible, high-performance thermal insulation product.


 
 
The new product, complimentary to SLENTEX®, is showing excellent performance in early testing with lead customers.

SLENTEX®, available today, represents the
cutting edge of non-combustible thermal insulation technology with its unique combination of industry-leading thermal performance and a non-combustible fire rating.

When you tune in to watch the big football game, you'll also be watching several of our products in action.
Construction of Atlanta's MB Stadium utilized BASF products with the help of Alpha Insulation & Waterproofing
.
Photo courtesy of BASF
 
SLENTEX®
, was developed for unique applications in the building and construction sector, including façade systems, thermal bridges and transition areas, while the new insulation product will also target broader applications beyond the construction industry.


As part of the agreement, Aspen has received a second tranche of prepayment from BASF which will be used to support product optimization and new process development.

BASF receives exclusive rights to market the newly developed product.


MasterTop 1327-20dB is a seamless polyurethane flooring system that offers great advantages in terms of room acoustics, design and sustainability.
Photo courtesy of BASF
 
“When we announced our joint development agreement with BASF in 2016, we had a collective vision to create innovative and exceptional products. Our partnership with BASF has exceeded our expectations,” said Don Young, President and CEO of Aspen.
“This addendum recognizes the commitment to our cooperative development and the additional prepayment strengthens our financial position.”

https://www.basf.com/global/en/media/news-releases/2016/06/p-16-254.html  


Cutting edge, non-combustible thermal insulation, SLENTEX®
Photo courtesy of BASF
 
“The successful development of the product will help us to better serve the fast-growing market for high-performance insulation materials,” said Raimar Jahn, President of Performance Materials, BASF.
“This innovative product will expand our portfolio in the high-performance insulation market and, together with SLENTEX®, will make our offering more competitive. The addendum will accelerate the global launch and adoption of a new class of firesafe and ultra-efficient aerogel insulation technology.”

Photo courtesy of BASF
 

Media Contacts:

BASF

Mia Son
+32 2 373 2124
mia.son@basf.com


Aspen Aerogels, Inc.

Gregg R. Landes
Vice President, Strategic Development
+1 508-691-1159
glandes@aerogel.com  


About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility.


 
 
The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world.

Our portfolio is organized into
six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions.

BASF
generated sales of around 63 billion in 2018.

BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.

Further information at www.basf.com  


About Aspen Aerogels, Inc.

Aspen Aerogels is the global leader in aerogel technology.

The company’s mission is to enable its customers and partners to shape their own strategies around the global megatrends of resource efficiency and sustainability.


 
 
The company’s Cryogel® and Pyrogel® products are valued by the world’s largest energy infrastructure companies.

The company’s Spaceloft® products provide building owners with industry-leading energy efficiency including options for a safe, non-combustible fire rating.

The company’s strategy is to partner with world-class industry leaders to leverage its aerogel technology platform into additional markets.

Headquartered in Northborough, Mass., USA, Aspen Aerogels manufactures its products at its East Providence, R.I. facility.

For more information, please visit www.aerogel.com  


Source: BASF

https://www.basf.com/global/en/media/news-releases.html  



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Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, Ph.D.


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