ASPN - Aspen Aerogels files patent infringement claims against Beerenberg over aerogel products

2023-04-20 16:39:40 ET

• Aspen Aerogels ( NYSE: ASPN ) on Thursday said it had filed patent infringement actions against Beerenberg Services, Beerenberg Korea, their Singaporean supplier and their Chinese aerogel manufacturer for allegedly infringing on its aerogel products.
• The company filed an action for patent infringement in the Seoul Central District Court and also an action for unfair trade practices in the Korea Trade Commission.
• ASPN believes that Beerenberg's aerogel blanket product infringes several of its patents related to high performance reinforced aerogel compositions, the company said in a statement .
• "Additionally, Aspen has alleged that Beerenberg is infringing the Korean counterparts of patents previously enforced successfully by Aspen against Chinese aerogel manufacturers in Germany and the United States," ASPN added.
• The company said it was seeking injunctive relief and monetary damages against Beerenberg.
• Aspen Aerogels ( ASPN ) stock earlier closed -1.4% at $5.65.

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