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Lapolla Industries Announces Upgrade to OTCQX®

Lapolla Industries Announces Upgrade to OTCQX

HOUSTON–(BUSINESS WIRE) — Lapolla Industries, Inc. (“Lapolla” or “Company”) (LPAD), a Houston-based global supplier of energy saving products, today announced it has qualified and started trading on the OTCQX® Best Market, operated by OTC Markets Group, effective July 1, 2016.

The OTCQX market is reserved for established, investor-focused U.S. and global companies that meet high financial standards, provide timely news and disclosure to investors, and are sponsored by a professional third-party advisor.

Douglas J. Kramer, President and CEO of Lapolla, stated, “Moving up to OTCQX is an important strategic step in our investor outreach commitment. Being traded on OTCQX will allow for greater exposure, accessibility, and liquidity from the investment community as we execute on our global strategy to deliver our energy saving products to key markets around the world.”

Lapolla is the first manufacturer, globally, to commercialize a third party tested and approved wall foam insulation system that uses an HFO cutting edge technology, offering an environmentally friendly, zero ODP and ultra low GWP. Lapolla’s FOAM-LOK 2000-4G (4th Generation) not only delivers environmental benefits that are 99.9 percent better than today’s most commonly-used blowing agents, the 4G now provides enhanced insulation values and yield from previous generation technology, bringing economic and bottom-line value to contractors and consumers.

Kramer continued, “Our global network of independent distribution and installing contractors continues to grow. The technology is at a tipping point of becoming mainstream around the world, providing Lapolla an opportunity to lead the transition from traditional insulation systems to advanced technology, literally changing the way in which we design and construct buildings, with an outcome of tighter, stronger and more energy efficient structures. Lapolla’s 4G advanced technology enters the global markets well ahead of eventual mandates by the US EPA and other foreign government mandates for change. These changes come as a result of the globally recognized initiatives, such as the Montreal Protocol, requiring reductions in greenhouse gases. Many countries around the world, from Europe, Scandinavia, the Middle East and South America, have already set required timelines for change, some currently implementing tariffs on old technology to encourage quicker adoption.”

As a result of Lapolla’s leadership in driving change, Kramer was invited to the White House to participate in the Executive Roundtable of the President’s Climate Action Plan. Kramer is now a regular participant at this annual event at the White House and Lapolla has since been named a Partner to the White House in the President’s Climate Action Plan. Kramer commented, “It’s been gratifying to get this recognition and to help lead such an important charge while knowing that the ultimate consumer value is so profound.”

Ty Pennington, from two time Emmy award winning Extreme Makeover – Home Edition (broadcasted on ABC), is the celebrity spokesman for Lapolla. Kramer said, “Driving consumer awareness and pull through is our goal as all consumers are looking for ways to gain not only energy savings, but also high performance homes.” Pennington commented, “This is personal for me. My mother struggled for many years with asthma and we are all aware of the growing epidemic levels of respiratory sensitivities. Lapolla’s 4G helps create better air quality by eliminating unwanted, unconditioned air, from entering the building. These airborne pollutants are one of the growing reasons for the surge in asthma among children. I have Lapolla 4G technology in my home,” said Pennington.

“At the end of the day, the clear global strategy, the strong management team, the 4G advanced technology, the global network, the consumer messaging, and the financial results, will drive shareholder value,” Kramer concluded.

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Lapolla on www.otcmarkets.com.

About Lapolla Industries, Inc.

Lapolla Industries, Inc. is a global supplier and manufacturer of spray polyurethane foam for insulation and roofing applications, reflective roof coatings and equipment. Based in Houston, Texas, the company’s building envelope and roofing product solutions are designed to reduce energy consumption in the built environment, across the residential, commercial and industrial sectors, in both new construction and retrofits. Visit Lapolla Industries 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.

 

Investor Relations Contact:

Michael T. Adams, EVP

Tel: (281) 219-4700

Email: info@lapolla.com

Foam-LOK Roof Coating System

Lapolla Industries Introduces FOAM-LOK™ 2800-4G Spray Polyurethane Foam for Roofing Applications

Lapolla Industries Introduces FOAM-LOK™ 2800-4G Spray Polyurethane Foam for Roofing Applications

Next-Generation SPF for Roofing Makes Industry-wide Environmental Strides with Elimination of Ozone Depletion and Reduction of Global Warming Impact

 

Houston, TX (June 6, 2016) – Lapolla Industries, Inc. (OTCQB: LPAD), the global supplier and manufacturer of spray polyurethane foam insulation and roofing solutions, reflective roof coatings and equipment, today announced the launch of FOAM-LOK™ 2800-4G Spray Polyurethane Foam for Roofing. The fourth-generation spray polyurethane foam represents the company’s next stand-out product innovation pushing the industry forward in environmental stewardship with the elimination of ozone depletion potential (ODP) and the reduction of global warming potential (GWP).

“FOAM-LOK™ 2800-4G Spray Foam for Roofing is a result of Lapolla’s continued commitment to improve its product line with advancements aimed at protecting the climate and environment and achieving the highest measures of energy efficiency performance,” said Doug Kramer, President and CEO of Lapolla Industries.

FOAM-LOK™ 2800-4G Spray Foam Roofing is a rigid, closed-cell spray polyurethane foam that may be applied over most new or retrofit roofing substrates. A sustainable roofing material, FOAM-LOK™ offers a wide range of commercial, industrial, agricultural and residential applications. As the name implies, FOAM-LOK™ locks every portion of the roof into place, creating a monolithic membrane and eliminating the need for mechanical fasteners.

FOAM-LOK™ 2800-4G is notable for its superb ability to seal the envelope and prevent heat transfer through the roof deck. This seal minimizes the escape of conditioned air and dramatically reduces the structure’s energy consumption for heating and cooling, in turn significantly reducing energy costs over the life of the roof. The low maintenance material also resists wind uplift and acts as a waterproofing solution, protecting the structure underneath from water intrusion and the significant damage, which may accompany either.

“The FOAM-LOK™ roofing spray foam system’s waterproofing, weather proofing and wind uplift resistance makes it an ideal solution for resilient construction,” said Kramer.

The introduction of FOAM-LOK™ for roofing applications follows Lapolla’s 2015 debut of FOAM-LOK™ 2000-4G Spray Foam Insulation – a product recognized as the first SPF insulation product in the global marketplace to, like its sister roofing spray foam system, eliminate ozone depletion potential (ODP) and reduce global warming potential (GWP) – two environmentally detrimental attributes of all previous generation spray polyurethane foam systems. Both products reduce ozone depletion potential by 100 percent, offering an ODP value of zero, representing no ozone depletion whatsoever. Additionally, both products reduce GWP, a measure of how much heat a substance can trap in the atmosphere, down to a value of <1, representing significant reduction in CO2 and improved air quality with widespread adoption.

These new sustainability advancements achieved with Lapolla’s FOAM-LOK™ systems for roofing and insulation were made possible with technological innovation in product chemistry. In addition to the significant environmental benefits resulting, the innovation also provides additional product yield, resulting in lower installation cost and greater ROI and savings to the consumer.

“The commercialization of Lapolla’s next generation FOAM-LOK™ 2800-4G now completes Lapolla’s ability to address the entire building envelope with best-in-class spray polyurethane foam systems for both roofing and insulation,” said Kramer. “Not only do our next generation products protect the environment, but they continue to provide the incredible energy efficiency benefits that spray foam has always been known for.”

A structure insulated with FOAM-LOK™ 2000-4G Spray Polyurethane Foam Insulation and FOAM-LOK™ 2800-4G Spray Foam for Roofing is able to achieve a meaningful reduction in the energy load required for heating and cooling, providing as much as 45% percent energy cost savings over the life of the structure.

“Lapolla’s entire product line, whether spray foam, reflective coatings, or equipment, is aimed at conserving energy within the built environment while maintaining the highest level of comfort for all inhabitants,” added Kramer. “FOAM-LOK™ 2800-4G Spray Foam for Roofing is our latest product innovation that meets both goals.”

About Lapolla Industries, Inc.

Lapolla Industries, Inc. is a global supplier and manufacturer of spray polyurethane foam for insulation and roofing applications, reflective roof coatings and equipment. Based in Houston, Texas, the company’s building envelope and roofing product solutions are designed to reduce energy consumption in the built environment, across the residential, commercial and industrial sectors, in both new construction and retrofits. Visit Lapolla Industries 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.

 

Investor Relations Contact:

Michael T. Adams, EVP

Tel: (281) 219-4700

Email: info@lapolla.com