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.
Copyright Business Wire 2014