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ASPN: Its Aerogel Insulation Technology, Target Markets and Energy Infrastructure Applications

ASPN AND ITS AEROGEL INSULATION TECHNOLOGY, TARGET MARKETS AND ENERGY INFRASTRUCTURE APPLICATIONS.

The alphaDIRECT Insight

Over the past few years the downstream energy complex has been the primary growth driver for Aspen as the company grew market share over incumbent materials and expanded its customer base. In fact, demand from this sector alone effectively absorbed a significant majority of the company’s manufacturing capacity. Despite Aspen’s success in this sector, it is important that investors understand that there are significant opportunities in other markets as well, which was clearly demonstrated by the agreement earlier this year with BASF to expand its focus on the construction materials market. Clearly the energy complex will remain a critical growth factor for many years to come as additional market share gains are realized. Nonetheless, a diversified growth strategy is a key element for investors to identify and we believe Aspen has a clear pathway to execute its strategy and expand into new markets, while continuing its success in the energy complex. There are a variety of new opportunities in the pipeline and we have reviewed this aspect of the company’s strategy with Don Young, Aspen’s CEO, in this ETI AlphaDirect report. We believe the company’s longer term focus on new market development, construction of Plant 2 and continued success and market share gains in the energy complex are three key pillars of growth that investors should consider.

Bitnami