ASP Isotopes Provides Business Updates

WASHINGTON, Oct. 13, 2025 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI ("ASP Isotopes” or the “Company”), an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries, today provided a business development update, including a supply agreement for the largest quantity of enriched silicon-28 received by the Company to date and a strategic acquisition of a radiopharmacy in the United States to complement and expand the operations of PET Labs Pharmaceuticals (Pty) Ltd (“PET Labs”), the Company’s South African radiopharmaceutical operations company, dedicated to nuclear medicine and the science of radiopharmaceutical production.

In Summary:

1.)   The Company has entered into a supply contract with a U.S.-based customer for enriched silicon-28, with deliveries expected during Q1 2026. This represents the Company’s largest silicon-28 contract to date.

2.)   The Company has acquired an independent radiopharmacy located in Florida, United States. This acquisition is in furtherance of the Company’s strategy to expand PET Labs’ nuclear medicine business and represents PET Labs’ first expansion outside South Africa. This acquisition aligns with PET Labs' strategy to build a vertically integrated supply chain, manufacturing and distribution system for the delivery of radiopharmaceutical products. This acquisition is expected to be accretive to 2026 revenues, EBITDA and EPS.

Enriched Silicon-28: Enabling the Quantum Future

In September 2025, the Company entered into a supply contract with a U.S.-based customer for enriched silicon-28, with deliveries expected during Q1 2026. This represents the Company’s largest silicon-28 contract to date.

Isotopically pure silicon-28 is a key material in the development of solid-state quantum computing and advanced semiconductor architectures. By removing the nuclear spin noise present in natural silicon, enriched silicon-28 provides a pristine environment for qubits, dramatically improving coherence times and overall device performance. This unique material advantage is critical for building scalable, fault-tolerant quantum processors that can operate reliably at industrial scale.