Installation at Purdue University Demonstrates Lapolla’s Expansion of Environmentally Advantaged Offerings, Being the First Globally to Offer the Industries’ Latest Technology
Houston, TX, September 12, 2014 – Lapolla Industries, Inc. (“Lapolla”) (OTCQB: LPAD), a Houston-based global supplier and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment designed to reduce energy consumption in the residential, industrial and commercial markets announced today that it has partnered with Honeywell and Purdue University to incorporate Lapolla’s 4th generation wall foam insulation into Purdue’s ReNEWW Net-Zero Home Project.
Lapolla’s FOAM-LOK 2000-4G incorporates Honeywell’s Solstice® Liquid Blowing Agent (LBA), which causes closed-cell spray foam insulation to expand and provides the majority of the foam’s superior insulating properties. Lapolla recently announced they were the first globally to offer an approved wall foam system with 4th generation technology. FOAM-LOK 2000-4G was used to retrofit a residential home in West Lafayette, Ind. marking the first time their next generation technology would be used in a wall foam system in the United States. Whirlpool Corp. has also recently adopted Honeywell’s foam blowing agent technology in their U.S.-based refrigerator manufacturing for high-efficiency appliances.
Whirlpool Corp. and Purdue University have worked together to transform this 2800 square foot home built in 1928 into a net-zero energy home that will house a world-class research laboratory.
“At Lapolla, we are excited to partner with Whirlpool Corp. and Honeywell to offer Purdue University the latest in insulation cutting edge technology,” said Doug Kramer, President and Chief Executive Officer of Lapolla Industries. “We strive to be environmentally conscious and incorporate green alternatives into our offerings; we look forward to revolutionizing the industry with our latest technology.”
Solstice LBA is a next-generation blowing agent from Honeywell that not only improves foam performance, but also delivers environmental benefits including enhanced energy efficiency. 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.
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.
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 the residential, industrial and commercial markets, for both new construction and retrofit applications. More information is available at www.lapolla.com.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.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 herein is as of date hereof. Company undertakes no duty to update any forward-looking statement.
Douglas J. Kramer, President/CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
Lapolla Industries, Inc.