Connect with us

Technology

ASPEN AEROGELS, INC. ANNOUNCES PUBLIC OFFERING OF 4,250,000 SHARES OF COMMON STOCK

Published

13 hours ago

on

NORTHBOROUGH, Mass., Oct. 21, 2024 /PRNewswire/ — Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced that it has commenced an underwritten public offering of 4,250,000 shares of its common stock. In addition, the Company expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 637,500 shares of common stock offered by the Company in the public offering at the public offering price, less underwriting discounts and commissions.

Aspen intends to use the net proceeds from the offering for working capital, capital expenditures and general corporate purposes.

Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers for the offering.

The public offering is being made pursuant to a shelf registration statement on Form S-3, which was filed with the Securities and Exchange Commission (the “SEC”) on October 21, 2024 and became effective upon filing. The offering will be made only by means of a written prospectus supplement and the accompanying prospectus that form part of the registration statement. A preliminary prospectus supplement relating to the offering and accompanying prospectus will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov.  Copies of the preliminary prospectus supplement and accompanying prospectus relating to these securities, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at Prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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. Aspen Battery Materials, the Company’s carbon aerogel initiative, seeks to increase the performance of lithium-ion battery cells to enable EV manufacturers to extend the driving range and reduce 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.

Special Note Regarding Forward-Looking and Cautionary Statements
This press release and any related discussion 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,” “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 offering of shares of its common stock, statements regarding the intended use of proceeds from Aspen’s offering of shares of its common stock, and Aspen’s ability to consummate the offering of shares of its common stock. 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: market risks and uncertainties and the risk that the offering of shares of its common stock will not be consummated, and the satisfaction of customary closing conditions for the offering of shares of its common stock, its intended use of proceeds from the offering, as well as other risks and uncertainties described under the heading “Risk Factors” in Aspen’s Annual Report on Form 10-K for the year ended December 31, 2023 and filed with the SEC on March 7, 2024, 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.

View original content:https://www.prnewswire.com/news-releases/aspen-aerogels-inc-announces-public-offering-of-4-250-000-shares-of-common-stock-302282245.html

SOURCE Aspen Aerogels, Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

ZTO to Announce Third Quarter Financial Results of 2024 on November 19, 2024 U.S. Eastern Time

Published

5 mins ago

on

October 22, 2024

By

SHANGHAI, Oct. 22, 2024 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057) (“ZTO” or the “Company”), a leading and fast-growing express delivery company in China, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2024 after the U.S. market closes on November 19, 2024.

ZTO’s management team will host an earnings conference call at 7:30 P.M. U.S. Eastern Time on Tuesday, November 19, 2024, which is 8:30 A.M. Beijing Time on Wednesday, November 20, 2024.

Dial-in details for the earnings conference call are as follows:

United States:

1-888-317-6003

Hong Kong:

800-963-976

Singapore:   

800-120-5863

Mainland China:

4001-206-115

International:

1-412-317-6061

Passcode:

0501133

A replay of the conference call may be accessible through November 26, 2024 by dialing the following numbers: 

United States:   

1-877-344-7529

International:

1-412-317-0088

Canada:

855-669-9658

Passcode:

1609584

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://zto.investorroom.com.

About ZTO Express (Cayman) Inc.

ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057) (“ZTO” or the “Company”) is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit http://zto.investorroom.com.

For investor inquiries, please contact:

Investor Relations
Tel: (86) 21 5980 4508
Email: ir@zto.com

View original content:https://www.prnewswire.com/news-releases/zto-to-announce-third-quarter-financial-results-of-2024-on-november-19-2024-us-eastern-time-302282625.html

SOURCE ZTO Express (Cayman) Inc.

Continue Reading

Technology

Hisense’s Overseas Annual Revenue Surpasses $12.2 Billion USD

Published

5 mins ago

on

October 22, 2024

By

Hisense Group Announces New Goals for the Future at 55th Anniversary

QINGDAO, China, Oct. 22, 2024 /CNW/ — Hisense, a leading brand in global consumer electronics and home appliances, announced a remarkable milestone with its overseas business revenue surpassing $12.2 billion USD in the fiscal year of 2023. This significant achievement was revealed at the Group’s 55th-anniversary celebrations, at which the company also unveiled its ambitious future goals.

Over the past five years, Hisense has significantly expanded its global footprint and achieved breakthroughs in technological foundation. The company’s acquisition of SanDen Corporation and development of AI picture quality chips were catalysts for growth, enabling Hisense to enter new markets and enhance its technological capabilities. As a result, Hisense’s overseas revenue has more than doubled since 2019, while in 2023 Hisense Group’s revenue surpassed $28.7 billion USD.

At the celebration event, Hisense Group Chairman, Mr. Jia Shaoqian, delivered the speech “Faithful as in the Beginning, Creating the Future”, introducing future goals, including becoming a high-quality development model by leveraging industrial clusters; transitioning towards green and low-carbon operations; expanding its global reach through transformation from China-centric to a truly global management model; and establishing a world-class enterprise and global brand.

“We continue to strengthen our core competitiveness in technology and products, leverage strong appeal in cross-cultural integration, and enhance global competitiveness in building a brand matrix,” emphasized Mr. Jia. “Hisense will persist in developing our own brands, aiming for the high-end market in resolutely striving to become world-class!”

With a focus on innovation, Hisense has dedicated approximately 5% of its annual revenue to R&D, with 30% of that investment directed towards pre-research. By prioritizing user needs and customer satisfaction, Hisense ensures that its products and technologies serve users and create value.

Hisense has established a strong global presence with 36 industrial parks and production bases, 30 R&D centers, and 64 overseas offices, forming a “5+1” network covering Europe, the Americas, ASEAN, the Middle East, Africa, and China. To drive growth, Hisense is accelerating its manufacturing footprint globally. In Africa, the company is establishing new production facilities, while in ASEAN and Latin America, Hisense is increasing localizing production and research capabilities. This strategic expansion will enable Hisense to better serve customers and strengthen its global competitive position.

With the vision of building a “Century-old Company”, Hisense is committed to ongoing improvements in corporate governance. By benchmarking against global best practices, fostering board diversity, and implementing a more robust structure, the company aims to enhance its governance level and accelerate its journey towards becoming a world-class enterprise.

About Hisense

Hisense is a leading global home appliance and consumer electronics brand and official partner of the UEFA EURO 2024™. According to Omdia, Hisense ranked No. 2 globally for TV shipments and No. 1 in 100″ TVs in both 2023 and H1 2024. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hisenses-overseas-annual-revenue-surpasses-12-2-billion-usd-302282894.html

SOURCE Hisense

Continue Reading

Technology

HSG Laser Boosts European Presence with Advanced Technologies and Comprehensive Service Network at EuroBLECH 2024

Published

5 mins ago

on

October 22, 2024

By

HANOVER, Germany, Oct. 22, 2024 /PRNewswire/ — At EuroBLECH, HSG Laser, a global leader in metal shaping equipment and automation solutions, unveils its ambitious European growth strategy. This plan encompasses the launch of cutting-edge industry solutions and commitment to active engagement through local events. Aligned with the fair’s theme, “The Power of Productivity”, HSG showcases three advanced cutting technologies designed to elevate productivity and drive growth for its global customers.

Over the past six years, HSG has cultivated a strong presence in the German market, earning customer trust through dedicated local services. The Düsseldorf headquarters, a vital hub for sales, after-sales support, and logistics, features a showroom and well-stocked warehouse with a broad range of products and spare parts for fast delivery.

With an installation base of over 25,000 machines across more than 100 countries, HSG has gained a strong reputation in the global market by offering high-quality equipment at competitive prices.

GV: A Cutting-Edge 2D Laser Cutting Solution

After making its debut in the U.S. market, the GV model gains significant attention at the German fair. Equipped with a powerful 60kW fiber laser, this system can cut materials up to 10cm thick at speeds up to 400% faster than conventional 12kW machines. The GV integrates seamlessly into existing product lines and features an optional automation Tower for material handling, presenting an ideal choice for manufacturers aiming to maximize productivity at low cost.

X: Optimized Laser Cutting Machine for Space Efficiency

HSG also displays the X model, engineered to maximize processing efficiency within a minimal footprint. With a maximum linkage speed of 120m/min and acceleration of 1.5G, the machine delivers outstanding performance in a compact format, ideal for facilities with limited floor space. Safety remains a top priority, as the X model features a fully enclosed structure, optical density glass to shield against laser radiation, and enhanced safety measures to protect operators.

TX: Ultimate Solution for Heavy-Duty Tube Cutting

For industries including steel construction and bridge building, HSG’s TX offers unmatched capabilities. It processes heavy-duty tubes such as round tubes up to 36cm in diameter and 12m in length with precision, supported by HSG’s self-developed 3+1 Twin Chucks clamping system that minimizes waste and enhances cutting accuracy.

By presenting its state-of-the-art cutting technologies, HSG reaffirms its commitment to the European market, and to support its clients in achieving their manufacturing objectives.

View original content:https://www.prnewswire.co.uk/news-releases/hsg-laser-boosts-european-presence-with-advanced-technologies-and-comprehensive-service-network-at-euroblech-2024-302282455.html

Continue Reading

Trending