Lapolla Passes Wet Wall Test in Europe
Gains Access to Retrofit Insulation Markets for Injection Foam
HOUSTON--(BUSINESS WIRE)-- Lapolla Industries, Inc. ("Lapolla") (OTCQB:LPAD), a Houston based global supplier, and manufacturer of spray polyurethane foam insulation and elastomeric protective coatings, and equipment designed to reduce energy consumption in the residential, industrial and commercial markets, for both new construction and retrofit applications, announces passing the Wet Wall Test and opening up of pathways to international growth opportunities for its injection foam.
Douglas J. Kramer, CEO and President of Lapolla commented, "Europe has a uniquely challenging insulation condition with age-old construction involving narrow hard to reach cavities. Lapolla's injection foam addresses that condition and fills the historic void. Passage of this test enables Lapolla to supply the Mark Group with the equipment and injection foam required to meet the niche market need. There are approximately 7 million residential buildings in need of upgraded insulation in the United Kingdom alone."
The Wet Wall Test is designed to evaluate a wall's resistance to moisture intrusion during the most severe weather conditions and ensure that rainwater will not be able to enter the interior of a structure through the exterior wall, while providing exceptional insulation and improving the stability of the structure.
Bill Rumble, Chief Commercial Officer from Mark Group says, "I am delighted that Lapolla has passed this rigorous test. It's an important milestone that takes us a big step closer to tackling the millions of properties that would benefit from their pioneering system."
About Lapolla Industries, Inc.
Lapolla Industries, Inc. is a global supplier, and manufacturer of spray foam insulation and elastomeric protective coatings, and equipment designed to reduce energy consumption in the residential and commercial markets, for both new construction and retrofit applications. Additional information is available at www.Lapolla.com.
About Mark Group Limited
Mark Group Limited is a United Kingdom based national company with over 1,400 employees, dedicated to providing a 'whole house' solution to energy-efficiency. Founded in 1974, Mark Group has already helped to make more than two million homes more energy-efficient, currently installing around 6,000 insulation measures every week. Mark Group's services are tailored for homeowners as well as builders, architects, local authorities and government bodies. Additional information about Mark Group is available at http://www.markgroup.co.uk.
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. Additional information about Lapolla is available at www.lapollaindustries.com.
Lapolla Industries, Inc.
Douglas J. Kramer, CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
KEYWORDS: United States Europe North America Texas
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