Aspen Aerogels Announces Thermal Barrier Award from Valmet Automotive for Electric Porsche 718 Series and Reiterates 2024 Financial Outlook.
Aspen Aerogels, Inc., a technology leader in sustainability and electrification solutions, today announced a PyroThin® design award from Valmet Automotive to supply the next generation electric-only Porsche 718 series.
Aspen is also reiterating its 2024 financial outlook.
Valmet Automotive / Porsche EV Thermal Barrier Commercial Award
- Valmet Automotive is Porsche’s manufacturing partner for the next generation electric 718 lineup
- The Porsche 718 platform covers the Cayman and Boxster models with an expected start of production in 2025
- Porsche, through Valmet, joins Audi and Scania as announced PyroThin® awards linked to the Volkswagen Group
Donald R. Young, Aspen’s President and CEO, said: “We are excited to add Valmet Automotive and Porsche to our growing list of customers as they prepare to manufacture an all-electric 718 lineup. This award, and the depth of our quote and development pipeline with additional OEM customers, further validates PyroThin® as the go-to EV thermal barrier solution. We believe that we will add more awards to our roster during 2024 to drive further diversification in our PyroThin® customer base for 2025 and beyond.”
