Materials

Aspen Aerogels, Inc., supplier of advanced insulation materials, is to receive a $37 million investment package from Arcapita Ventures, Lehman Brothers Venture Partners, Reservoir Capital Group and Rockport Capital Partners.

According to Ramsay Battin, Director of Arcapita Ventures, who will join the Aspen Aerogels Board of Directors, “Aspen’s proprietary aerogel technologies and manufacturing processes have the potential to redefine large portions of the $30 billion global insulation market.”

The reinforced aerogel insulation materials that Aspen has developed are 2-8 times more effective than other materials. The materials rely on tiny pores in their structure for their remarkable properties.

Aspen’s aerogel insulation products are already used in the building and construction sectors, in oil and gas applications such as pipe insulation, as well as in outdoor gear and specialist clothing.

For further information:
www.aerogel.com/