ASPEN AEROGELS INC

Motors LLC (GM), Toyota, Scania, Automotive Cells Company, which is a battery cell joint venture between Stellantis N.V., Saft-TotalEnergies and Mercedes-Benz (collectively, ACC), Audi, a luxury brand of the Volkswagen Group, Volvo Truck, and a large EU battery manufacturer to supply a next generation vehicle platform of a major EU luxury sports car brand. We currently supply thermal barrier production parts to GM, Toyota, and ACC, and thermal barrier prototype parts to several global manufacturers of EVs, grid storage, and home battery systems. In 2025, 2024, and 2023, we sold $168.9 million, $306.8 million, and $110.1 million, respectively, of our PyroThin thermal barriers, primarily to GM. Our patented aerogel products and manufacturing technologies are significant assets.