Lapolla Commits to Eliminating High-GWP HFCs in Products by 2016
HOUSTON–At a ceremony this week in Washington, DC, The White House announced Lapolla Industries, Inc. (OTCQB:LPAD) as an official private sector partner of the President’s Climate Action Plan, recognizing the company’s efforts to curb the use of hydrofluorocarbons (HFCs), which are potent greenhouse gases that contribute to climate change. Lapolla is a Houston-based manufacturer and global supplier of spray polyurethane foam insulation, reflective roof coatings, and equipment designed to reduce energy consumption in the residential, industrial and commercial markets. Under its commitment, Lapolla will transition its entire product line of foam and coating systems to no longer use high-GWP HFCs by 2016. Lapolla will also provide more than 18 seminars on the importance of eliminating high-GWP HFCs from the environment.
This commitment follows Lapolla’s recent announcement that they have become the first manufacturer globally to offer a third party tested and approved wall foam system that uses the Solstice® Liquid Blowing Agent. Lapolla achieved this fourth generation benchmark while working closely with Honeywell to incorporate the Solstice® LBA, a next-generation blowing agent from Honeywell. The product not only improves foam performance, but also delivers environmental benefits. Solstice® LBA has an ultra-low global warming potential of 1, which is 99.9 percent lower than today’s most commonly-used blowing agent, HFC-245fa, a hydrofluorocarbon, while retaining its insulating performance. Solstice® LBA is nonflammable, has received EPA approval under the Significant New Alternatives Policy (SNAP) Program and is not a volatile organic compound.
“We deeply appreciate the recognition of the White House for our efforts in curbing HFC usage in our products,” said Doug Kramer, President and Chief Executive Officer of Lapolla Industries. “For us, the decision to commit ourselves to end the use of high-GWP HFCs by 2016 was obvious. The impact of this new technology is profound – this is simply the best and most environmentally-friendly product in the marketplace, and we’re proud to be the first global supplier of an approved next generation wall foam system using Solstice® LBA.”
Lapolla’s foam products include spray foam insulation for residential and commercial perimeter walls, crawl spaces and attic space applications. The Company also supplies spray foam and elastomeric coatings for low slope residential and commercial roofing. Lapolla supplies polyurethane as an adhesive for board stock insulation to roofing substrates for commercial and industrial applications as well as sundry items.
Other private sector partners taking part in White House’s effort to limit the proliferation of harmful greenhouse gases include corporate giants such as Honeywell, Johnson Controls, Coca-Cola, Kroger, and Target.
About Lapolla Industries, Inc.
Lapolla Industries, Inc. is a global supplier, and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment, designed to reduce energy consumption in residential, industrial and commercial markets, for both new construction and retrofit applications. More information at www.lapolla.com.
Forward Looking Statements
Statements made in this press release that are not historical facts constitute “forward-looking statements” pursuant to Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and Private Securities Litigation Reform Act of 1995. Any such forward-looking statements should be considered in context with various disclosures made by Company about its business. All information as of date hereof. Company undertakes no duty to update any forward-looking statement.
Lapolla Industries, Inc.
Douglas J. Kramer, CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
Investor Relations Contact:
Joe Calabrese, 212-827-3772