Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > Press > Aspen Aerogels Raises $50 Million in Series-D Financing

Abstract:
Investment will enable Aspen to construct its second high technology aerogel manufacturing facility

Aspen Aerogels Raises $50 Million in Series-D Financing

May 26, 2005

Aspen Aerogels, Inc., the leading provider of aerogel nanotechnology solutions and products in the commercial and military sectors, announced that it completed a $50 million Series D round of venture funding led by Reservoir Capital Group of New York, NY. All previous lead investors including Lehman Brothers, RockPort Capital Partners and Tae Kwang also participated.

“Aspen Aerogels has worked hard to develop and integrate high performance aerogel insulation solutions into a broad range of applications,” said Don Young, CEO of Aspen. “This investment represents both an acknowledgment of that success and a confidence in our vast potential to provide unique products that substantially reduce energy and system costs for our industrial, commercial, military and retail customers.”

“Aspen has developed a product form and manufacturing process to commercialize a breakthrough technology that has the ability to significantly impact a number of large sectors of the economy,” said Craig Huff, President of Reservoir Capital Group. “The combination of its strong management team, solid technology, and key partnerships with industry leaders positions Aspen for success as a leading advanced materials company.”

The investment, one of the largest ever in the nanotechnology field, will enable Aspen to construct its second high technology aerogel manufacturing facility and will increase its production capacity fivefold. Aspen Aerogels’ leadership position has been recognized in several recent articles in trade journals, newspapers, and magazines and as well as part of Forbes’ Top Nanotechnology Products of 2004 and Fortune’s 25 Breakout Companies of 2005.

####

About Aspen Aerogels:
Aspen Aerogels, Inc. is a leading advanced materials company engaged in the development, manufacturing and marketing of nanotechnology enabled aerogel blankets and products with broad applications in the industrial, consumer and military markets. For more information, please contact Aspen Aerogels by phone at (508) 691-1111 or e-mail info@aerogel.com.

For more information, visit www.aerogel.com

About Reservoir Capital Group: Reservoir Capital Group is an opportunistic investment firm with over $1 billion under management and offices in NY and Dallas

Copyright © Aspen Aerogels

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events July 20th, 2016

Keystone Nano selected as a top scoring company by NCI investor review panel July 19th, 2016

Arrowhead Pharmaceuticals to Present at Cantor Fitzgerald's 2nd Annual Healthcare Conference July 6th, 2016

Nanometrics to Participate in the 8th Annual CEO Investor Summit: Investor Event Held Concurrently with SEMICON West 2016 in San Francisco June 22nd, 2016

Announcements

Beating the heat a challenge at the nanoscale: Rice University scientists detect thermal boundary that hinders ultracold experiments July 28th, 2016

Ageing can drive progress: Population ageing is likely to boost medicine, nanotechnology and robotics, but increase political risks July 27th, 2016

WSU researchers 'watch' crystal structure change in real time: Breakthrough made possible by new Argonne facility July 27th, 2016

Enhancing molecular imaging with light: New technology platform increases spectroscopic resolution by 4 fold July 27th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic