New Jersey Apartment Association Honors Jacob Ford Village
The AirTight Division (“AirTight”), an operating unit of Lapolla
Industries, Inc. (“Lapolla” or the “Company”) (OTCQB: LPAD),
which markets, promotes, and sells energy saving products and energy
reduction services, today announced the attainment of the Green Building
Retrofit Award by Jacob Ford Village.
Jacob Ford Village, a 270 unit community in Morristown owned by Home
Properties was presented with a Green Building Retrofit Award from the
New Jersey Apartment Association in October 2015 for implementing
AirTight’s Multi-Family Energy Reduction Program.
The AirTight Division’s Multi-Family Energy Reduction Program is a
proprietary energy conservation measure program which involves providing
for an energy use and savings analysis for a multi-family property and
implementation of identified energy conservation measures suitable for
such property with the goal of containing and reducing energy costs on
an annual basis.
In 2014, Home Properties, together with a select group of consultants
and contractors, embarked on AirTight’s energy reduction program for
Jacob Ford Village. The project was accepted by NJ Clean Energy for its
Pay for Performance Incentive Program, which provides rebates of up to
50% of the overall cost of improvements based on the amount of energy
“Our goal going into the project was to reduce energy cost, reduce
the carbon footprint and make more comfortable homes for the residents.
Property owners can increase profitability and property value by
decreasing their energy cost,” commented Howard Van Natta, Executive
Vice President for AirTight.
“Working with the Lapolla / AirTight team on this project has been a
great experience. They are professionals in every aspect of the
work and step in the process. Not only did they deliver the
energy saving results that were discussed since day one, they did it
with a level of supervision and support that has truly benefited the
property and our residents living environment,” said Brent Kohere
Regional Vice President, Home Properties.
“We are thrilled that the Jacob Ford Village project was recognized
for using cutting-edge technology to reduce their natural gas usage, on
average, by an unprecedented 45 percent,” concluded Mr. Van Natta.
The AirTight Division with its current proven case studies is
addressing the entire multi-family industry in the northeast and
throughout the United States.
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.
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 the Company about its business. All information
herein is as of the date hereof. The Company undertakes no duty to
update any forward-looking statement. More detailed information about
the Company and the risk factors that may affect the realization of
forward-looking statements is set forth in the Company's filings with
the Securities and Exchange Commission (SEC), including the Company's
Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.
Investors and security holders are urged to read these documents free of
charge on the SEC's web site at http://www.sec.gov.
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