ASP Isotopes Announces Update Featuring Its Largest-Ever Supply Agreement For Enriched Silicon-28 And Acquisition Of A U.S. Radiopharmacy To Expand And Complement Its South African Subsidiary, Pet Labs Pharmaceuticals

Author: Benzinga Newsdesk | October 13, 2025 08:18am
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,

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.

As global investment in quantum computing and advanced electronics accelerates, demand for high-purity silicon-28 continues to grow. The ability to supply this material at commercial scale marks an important step toward establishing a robust and diversified supply chain for the next generation of computing technologies.

Viktor Petkov, Chief Commercial Officer of ASP Isotopes, commented: "This significant customer order for silicon-28 underscores how our Electronic Gases strategy is gaining real traction across multiple end markets. Enriched silicon is emerging as a cornerstone material not only for quantum computing but also for high-precision semiconductor and photonics applications. Our goal is to become the world's most reliable supplier of enriched silane and other isotopically pure gases — a foundation for the technologies driving the next industrial revolution. The scale and sophistication of demand we are seeing confirm that this is rapidly becoming one of the most dynamic sectors in advanced materials."

Posted In: ASPI