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BASF and Aspen Aerogels signed an addendum to their exclusive supply agreement for a new non-combustible, high-performance thermal insulation product. Aspen received a second prepayment from BASF to support product optimization and new process development.
“This addendum recognizes the commitment to our cooperative development and the additional prepayment strengthens our financial position.”ir.aerogel.com
Summarized from public sources; check the original articles before acting on it.