Aspen Aerogels (ASPN) reached AMA settlement

Aspen Aerogels, Inc. (NYSE: ASPN) 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.

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