Lapolla’s Spray Foam Insulation Receives Approval from Meritage Homes

The Groundbreaking 4th Generation Eco-Friendly Insulation Leads
The Charge For Energy Efficient Home Insulation

Houston, TX, May 6, 2015 – Lapolla Industries, Inc., in its commitment to being the standard for environmentally friendly technology, has been approved by Meritage Homes, for use in its residential construction projects.

Lapolla was the first systems house in the industry to provide both open and closed cell technology to the market. The FoamLOK 500, open cell foam was also the first “non-mix” formula that allows for better consistency and ease of use for the installers. Lapolla continues to innovate, becoming the first in the world to develop and commercialize spray foam insulation utilizing Honeywell’s Solstice Liquid Blowing Agent in its FOAM-LOK 2000 4G spray foam. This state-of-the-art home insulation delivers environmental benefits with an ultra-low Global Warming Potential of 1, which is 99.9 percent lower than today’s most commonly used blowing agent, HFC-245fa, and zero Ozone Depletion Properties, while enhancing its insulation performance.

Recently, Lapolla partnered with Honeywell and Purdue University to incorporate its FOAM-LOK 2000 4G wall foam insulation into a 1920’s vintage home at Purdue University’s ReNEWW House, a renovated home that achieves net-zero energy usage.

“The entire approach to achieving zero energy homes isn’t just an idea any longer,” said Doug Kramer, President & CEO of Lapolla Industries, Inc. “Lapolla insulation adds value to the environment and homeowners worldwide. We’re proud to be a supplier of spray foam insulation to Meritage Homes, who is the innovator in high performance home building.”

“Meritage recognizes that building residential communities that meet and exceed standards resets the bar higher for what homeowners should expect from their homes.” added CR Herro, Vice President of Environmental Affairs at Meritage Homes. “We created a new standard in energy-efficient home building, and carefully partner with suppliers to ensure the highest quality components.”

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.

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.

Corporate Contacts:

Douglas J. Kramer, President/CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Jomarc Marukot, CFO
Lapolla Industries, Inc.
Phone: 281-219-4100
Email: [email protected]

Lapolla Industries Selects Delahunt Group and 9.8 Group for Government Affairs to Maximize Opportunities in Favorable Regulatory Environment

Board of Directors Chairman Richard Kurtz Completes Equity Conversion for $1.48MM in Common Stock

Houston, TX – December 3, 2014 – Today Lapolla Industries, Inc. announced it had retained the services of Delahunt Group and 9.8 Group to assist in government affairs outreach. Lapolla, 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, initiated the engagement of Delahunt Group and 9.8 Group at an opportune time due to favorable regulatory environment for its low-HFC foam insulation system, the first of its kind in the marketplace.

In September, Lapolla’s pioneering efforts in eco-friendly, energy saving building materials were noted by the White House when the company was named an official private sector partner of President Obama’s Climate Action Plan. As part of that program, Lapolla pledged to shift its full product line to low-HFC by 2016, while among other Executive Actions, President Obama issued an order for all federal agencies to consider and show preference to low-HFC alternatives during their procurement process. As a result of Lapolla’s first-mover status in the industry, Lapolla remains the only company today with its next generation third party tested and approved wall foam system that uses the Solstice® Liquid Blowing Agent available for use. Solstice® LBA is nonflammable, has received EPA approval under the Significant New Alternatives Policy (SNAP) Program and is not a volatile organic compound.

“Our investments in innovative, next generation products are positioned to bear fruit in meaningful ways,” said Douglas Kramer, Chief Executive Officer of Lapolla Industries. “This partnership with Delahunt Group and 9.8 Group will allow us to access new customers, better articulate our value proposition to government audiences, and maximize the opportunity presented by the current regulatory environment.”

Additionally, Lapolla announced Richard J. Kurtz, Chairman of Lapolla’s Board of Directors and principal stockholder, made an investment in the Company by exchanging $1,485,212 principal and accrued interest of a promissory note made by the Company to Mr. Kurtz. The purchase price for each Lapolla share is based on the closing price of the Company’s common stock as of December 1, 2014 ($0.38 per share). The number of shares purchased as a result of this equity conversion is 3,908,453 shares.

“The execution of this equity conversion is an indicator of my continued confidence in the underlying fundamentals and long-term potential of Lapolla,” said Richard J. Kurtz, Chairman of the Board and principal shareholder. “Whether innovative products, a favorable regulatory landscape, or the continuing shift of market trends towards our core product lines, Lapolla is particularly well-positioned for meaningful future growth.”

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 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”. 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.

Lapolla Contacts:
Douglas J. Kramer, CEO and President
Michael T. Adams, EVP
(281) 219-4700

Media Relations Contact:
Phil Walotsky
MWW
(212) 704-9727
[email protected]

Lapolla Industries Reports Third Quarter 2014 Results

HOUSTON — 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 for both new construction and retrofit applications, today announced financial results for the three month period ended September 30, 2014.

Third Quarter Financial Highlights

For the third quarter of 2014, Lapolla generated sales of $17.9 million, as compared to $18.1 million during the same period in 2013. During the third quarter of 2014, Lapolla’s gross profit was $3.3 million, as compared to $3.9 million for the third quarter of 2013. Adjusted EBITDA for the third quarter was a loss of $20,630, as compared to a gain of $689,602 in the same period of 2013.

For the third quarter of 2014, Lapolla reported foam segment sales were $15.4 million as compared to $15.3 million in the same period of 2013. Foam segment profit was $90,515 during the third quarter 2014, as compared to $695,746 for the same quarter in 2013. The third quarter 2014 coatings segment sales were $2.5 million versus $2.8 million for the same period in 2013. Coatings segment profit was $204,884, as compared to $412,992 for the third quarter in 2013.

“During the third quarter of 2014, our revenues roughly held in line with last year and our operating expenses were lower by over 3%,” stated Doug Kramer, CEO and President of Lapolla Industries. “While this past quarter did not show substantial changes from a financial perspective, there were notable shifts in the regulatory landscape in United States and internationally that are promising for Lapolla moving forward. As noted in last quarter’s results, Lapolla is the industry’s first-mover on Next Generation technology, utilizing the latest blowing agent that essentially eliminates ODP and GDP, making our product green and environmentally friendly. This innovation was rewarded in September, when the White House named Lapolla an official private sector partner of the President’s Climate Action Plan, and further announced an Executive Action requiring US government agencies to show preference to low-HFC products. Positive regulatory news has continued since the third quarter’s close with the European Union committing to lowering greenhouse gases to 40% of 1990 levels by 2030, and in late November, the United States, Canada, and Mexico will formally propose an amendment to the Montreal Protocol at a meeting of the UNEP that will further phase down use of HFCs. Notably, Lapolla remains the only firm in the world to deliver this cutting edge technology for wall foam insulation. To maximize this new market opportunity, Lapolla has engaged communications and government relations consultants to assist in accessing new potential customers. Aside from these regulatory considerations, market trends remain strong as SPF insulation continues to move mainstream with consumers, building owners and multi-family facility managers recognizing the environmental and financial benefits Lapolla products provide,” concluded Mr. Kramer.

For further information regarding risks, uncertainties, and other factors associated with Lapolla’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Lapolla’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, available at www.lapolla.com.

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.

Non-GAAP Financial Measures:

Lapolla Industries utilizes Adjusted EBITDA to assist it in reviewing financial results and for management incentives. Adjusted EBITDA is defined as EBITDA increased by total share based compensation included in net income or loss. Lapolla’s management utilizes Adjusted EBITDA in an effort to provide information that reflects the Company’s economic performance. Lapolla’s management team reviews their monthly financial results on an Adjusted EBITDA basis. Adjusted EBITDA has no impact on reported sales. Adjusted EBITDA is used as a supplemental financial measure by management to describe Lapolla’s operations and economic performance to financial institutions, including the economic results of Lapolla’s operations; and repeatable operating performance that is not distorted by non-recurring items, certain other non-cash items, or market volatility. Adjusted EBITDA is not prepared in accordance with GAAP. Adjusted EBITDA should not be considered as an alternative to net income or loss, income or loss from operations, cash flows from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP.

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.

LAPOLLA INDUSTRIES, INC.
CONDENSED BALANCE SHEETS
(UNAUDITED)

 

September 30, 2014 December 31, 2013
Assets
Current Assets:
Cash

$

$

Trade Receivables, Net 8,865,019 7,694,589
Costs and Estimated Earnings in Excess of Billings on Uncompleted Contract 226,033

Inventories 4,117,012 5,421,935
Prepaid Expenses and Other Current Assets 628,702 1,250,314
Total Current Assets 13,836,766 14,366,838
Property, Plant and Equipment 1,457,539 1,600,679
Other Assets:
Goodwill 4,234,828 4,234,828
Other Intangible Assets, Net 1,177,837 1,165,157
Deposits and Other Non-Current Assets, Net 449,832 686,658
Total Other Assets 5,862,497 6,086,643
Total Assets $ 21,156,802 $ 22,054,160
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable $ 5,994,722 $ 6,694,633
Accrued Expenses and Other Current Liabilities 1,156,979 1,456,895
Current Portion of Long-Term Debt

4,599
Total Current Liabilities 7,151,701 8,156,127
Other Liabilities:
Non-Current Portion of Revolver Loan 5,442,030 4,539,163
Non-Current Portion of Notes Payable – New Enhanced Note 7,027,882 6,683,561
Non-Current Portion of Note Payable – Related Party 1,300,000 1,300,000
Accrued Interest – Note Payable – Related Party 172,300 117,633
Total Other Liabilities 13,942,212 12,640,357
Total Liabilities 21,093,913 20,796,484
Stockholders’ Equity:
Common Stock, $.01 Par Value; 140,000,000 Shares Authorized; 115,423,903 and 114,148,378
Issued and Outstanding for September 30, 2014 and December 31, 2013, respectively. 1,154,239 1,141,484
Additional Paid-In Capital 87,855,480 86,734,757
Accumulated (Deficit) (88,823,919 ) (86,495,654 )
Accumulated Other Comprehensive (Loss) (122,911 ) (122,911 )
Total Stockholders’ Equity 62,889 1,257,676
Total Liabilities and Stockholders’ Equity $ 21,156,802 $ 22,054,160

LAPOLLA INDUSTRIES, INC.

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(UNAUDITED)

Three Months Ended September 30, Nine Months Ended September 30,
2014 2013 2014 2013
Sales $ 17,874,308 $ 18,074,101 $ 52,661,376 $ 52,837,387
Cost of Sales 14,588,682 14,136,145 42,437,341 41,416,495
Gross Profit 3,285,626 3,937,956 10,224,035 11,420,892
Operating Expenses:
Selling, General and Administrative 3,341,230 3,396,028 9,774,425 9,873,835
Professional Fees 129,295 192,196 485,243 816,688
Depreciation 42,216 41,786 126,995 131,046
Amortization of Other Intangible Assets 78,653 80,325 212,428 338,776
Consulting Fees 130,309 133,327 365,072 351,656
Total Operating Expenses 3,721,703 3,843,662 10,964,163 11,512,001
Operating Income (Loss) (436,077 ) 94,294 (740,128 ) (91,109 )
Other (Income) Expense:
Interest Expense 306,505 226,808 879,052 783,590
Interest Expense – Related Party 203,877 187,870 604,298 557,585
Interest Expense – Amortization of Discount 46,007

136,512

(Gain) Loss on Derivative Liability

(65,656 )
Other, Net 21,893 (23,206 ) (31,725 ) (41,540 )
Total Other (Income) Expense 578,282 391,472 1,588,137 1,233,979
Net (Loss) $ (1,014,359 ) $ (297,178 ) $ (2,328,265 ) $ (1,325,088 )
Net (Loss) Per Share – Basic and Diluted $ (0.01 ) $ (0.00 ) $ (0.02 ) $ (0.01 )
Weighted Average Shares Outstanding 115,204,510 112,155,974 114,821,758 110,945,316
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustment (Loss) (2,205 )
Total Other Comprehensive (Loss)

$

$

$

$ (2,205 )
Comprehensive (Loss) $ (1,014,359 ) $ (297,178 ) $ (2,328,265 ) $ (1,327,293 )

LAPOLLA INDUSTRIES, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Nine Months Ended September 30,
2014 2013
Cash Flows From Operating Activities
Net Loss: $ (2,328,265 ) $ (1,325,088 )
Adjustments to Reconcile Net Loss to Net Cash (Used in) Operating Activities:
Depreciation 300,619 343,538
Amortization of Other Intangible Assets 212,428 338,776
Provision for Losses on Accounts Receivable 603,796 190,654
Share Based Compensation Expense 583,844 1,008,063
Interest Expense – Related Party 604,298 557,585
Interest Expense – Enhanced Notes PIK 207,809

Interest Expense – Amortization of Discount 136,512

Loss on Foreign Currency Exchange 46,391

Gain on Derivative Liability

(65,656 )
Gain on Disposal of Asset (4,052 ) (7,148 )
Changes in Assets and Liabilities:
Trade Receivables (1,821,303 ) (1,179,635 )
Costs and Estimated Earnings in Excess of Billings on Uncompleted Contract (226,033 )

Inventories 1,304,923 (313,396 )
Prepaid Expenses and Other Current Assets 621,612 (4,804 )
Other Intangible Assets (225,108 ) (96,715 )
Deposits and Other Non-Current Assets 236,826 (274,871 )
Accounts Payable (699,221 ) 711,582
Accrued Expenses and Other Current Liabilities (299,916 ) 105,651
Net Cash (Used in) Operating Activities (744,840 ) (11,464 )
Cash Flows From Investing Activities
Acquisitions of Property, Plant and Equipment (206,427 ) (40,401 )
Proceeds from Disposal of Property, Plant and Equipment 53,000 28,786
Net Cash Provided by (Used in) Investing Activities $ (153,427 ) $ (11,615 )
Cash Flows From Financing Activities
Proceeds from Revolver Loan 54,567,575 56,715,217
Principal Repayments to Revolver Loan (53,664,709 ) (56,000,604 )
Principal Repayments to Notes Payable – Enhanced (673,331 )
Principal Repayments on Long Term Debt (4,599 ) (15,998 )
Net Cash Provided by Financing Activities 898,267 25,284
Net Effect of Exchange Rate Changes on Cash

(2,205 )
Net Change in Cash

Cash at Beginning of Period

Cash at End of Period

$

$

Supplemental Disclosure of Cash Flow Information:
Cash Payments for Interest $ 790,575 $ 598,769
Supplemental Schedule of Non Cash Investing and Financing Activities:
Issuance of Restricted Common Stock for Related Party Personal Guaranty on Note Payable $ 329,074 $ 504,863

Reconciliation of EBITDA and Adjusted EBITDA to Net Loss

(Unaudited)

Nine Months Ended September 30,
2014 2013
Net Loss: $ (2,328,265 ) $ (1,325,088 )
Additions / (Deductions):
Interest Expense 879,052 783,590
Interest Expense – Related Party 604,298 557,585
Interest Expense – Amortization of Discount 136,512

Tax Expense (Benefit) 108,131 129,463
Depreciation 300,619 343,538
Amortization of Other Intangible Assets 212,428 338,776
EBITDA $ (87,225 ) $ 827,864
Additions / (Deductions):

Share Based Compensation (1)

583,844 969,676
Adjusted EBITDA $ 496,619 $ 1,797,540

(1) Represents non-cash share based compensation for the periods then ended.

 

Lapolla Industries Selects MWW For Strategic Media Relations


Turns to MWW to Build on Momentum
for Leading “Green” Foam Insulation

NEW YORK – October 21, 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 for both new construction and retrofit applications, today announced retaining MWW (mww.com), one of the top-five global independent public relations firms. MWW will support Lapolla through strategic media relations, sharing Lapolla’s corporate and product stories with key stakeholders and media. This partnership comes at a period of exceptional opportunity for growth, as Lapolla rolls out the first approved low-GWP/Zero ODP spray foam insulation to the global market.

“At MWW, we love working with brands like Lapolla,” said Michael Kempner, president and CEO, MWW. “This isn’t just a growing business with a great story to tell – they’re creating a real, positive impact on the environment through new and innovative products.”

Lapolla’s pioneering efforts in eco-friendly, energy-efficient building materials were recently recognized by the White House when the company was named an official private sector partner of the President’s Climate Action Plan. Lapolla’s efforts to curb the use of potent greenhouse gases that contribute to climate change made it an important partner in this global initiative.

In addition to new innovative products that reduce greenhouse gases, Lapolla, through its AirTight Division, offers the AirTight Multi-Family Energy Savings program – a multi-faceted, comprehensive energy-efficiency offering that provides multi-family residential property owners up to 50% savings in energy costs. It is the first program of its kind in America. Lapolla continues to brand and create credibility, recently signing Ty Pennington, host of Extreme Makeover: Home Edition, as its key spokesperson.

“Lapolla is excited about its future prospects, from our cutting edge technologies to global sales and marketing strategies, in a marketplace that’s ripe for disruption,” said Douglas Kramer, Chief Executive Officer of Lapolla Industries. “Given all of this momentum, we believe that this partnership with MWW will help us unlock our full potential for reaching key audiences that are important to our continued success.”

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 MWW
MWW is one of the nation’s top mid-sized public relations firms and one of the five largest independent agencies. The firm is industry-recognized for its work in consumer lifestyle marketing, digital marketing and social media, corporate communications, public affairs and government relations, consumer technology, healthcare, LGBT marketing, research and insights, travel and visual branding.

MWW’s approach to building and accelerating relevance for clients has been recognized over the years with top industry awards. Honors in 2014 include, the Global SABRE Award and SABRE Award for “North American Campaign of the Year”, “PR Agency of the Year” by the PR News Platinum PR Awards, “PR Agency of the Year,” by the International Business Awards as well as “Best Places to Work in New Jersey” by NJBiz and “Top Places to Work in PR” by PR News. For more information on the firm’s capabilities and “Matter More” commitment, visit www.mww.com. Connect with MWW on Facebook, Twitter, LinkedIn, Pinterest, Google Plus and Instagram.

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.

The AirTight Division, an operating unit of Lapolla, is primarily focused on marketing, promoting, and selling comprehensive energy saving products and energy reduction services. The AirTight Division’s Multi-Family Property Energy Savings 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.

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.

Lapolla Industries Partners With White House to Reduce Harmful Greenhouse Gases and Fight Climate Change

Lapolla Commits to Eliminating High-GWP HFCs in Products by 2016

HOUSTON–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.

Contacts

Lapolla Industries, Inc.
Douglas J. Kramer, CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
281-219-4700
[email protected]

or

Investor Relations Contact:
Joe Calabrese, 212-827-3772
[email protected]

Lapolla Industries Partners with Honeywell and Purdue University to Incorporate FOAM-LOK 2000-4G into Net-Zero Energy Home Project

 

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, 2014Lapolla 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.

 

About Honeywell

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.

Corporate Contacts:

Douglas J. Kramer, President/CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
Lapolla Industries, Inc.
Phone: 281-219-4100
Email: [email protected]

Lapolla Industries Reports Second Quarter 2014 Results

Houston, TX, August 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 for both new construction and retrofit applications, today announced financial results for the three month period ended June 30, 2014.

Second Quarter Financial Highlights

For the second quarter of 2014, Lapolla generated sales of $18.7 million, as compared to $17.8 million during the same period in 2013. During the second quarter of 2014, Lapolla’s gross profit was $3.9 million, as compared to $3.8 million for the second quarter of 2013. Adjusted EBITDA for the second quarter was $611,082, as compared to $660,361 in the same period of 2013.

For the second quarter of 2014, Lapolla reported foam segment sales were $16.2 million as compared to $14.9 million in the same period of 2013. Foam segment profit was $819,844 during the second quarter 2014, as compared to $670,559 for the same quarter in 2013. The second quarter 2014 coatings segment sales were $2.5 million versus $2.9 million for the same period in 2013. Coatings segment profit was $354,966, as compared to $446,542 for the second quarter in 2013.

“During the second quarter of 2014, our revenues were in line with last year and our operating expenses were lower by over 4%,” stated Doug Kramer, CEO and President of Lapolla Industries. “This is an exciting time to be in our industry as SPF insulation becomes mainstream as consumers, building owners and multi-family facility managers recognize the environmental and financial benefits Lapolla products provide. Lapolla recently announced its Next Generation technology, utilizing the latest blowing agent, which essentially eliminates ODP and GDP, making our product green and environmentally friendly. This new development solidifies Lapolla as a global technology leader, being the first in the world to deliver this cutting edge technology for wall foam insulation,” concluded Mr. Kramer.

For further information regarding risks, uncertainties, and other factors associated with Lapolla’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Lapolla’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, available at www.lapolla.com.

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 atwww.lapolla.com.

Non-GAAP Financial Measures:

Lapolla Industries utilizes Adjusted EBITDA to assist it in reviewing financial results and for management incentives. Adjusted EBITDA is defined as EBITDA increased by total share based compensation included in net income or loss. Lapolla’s management utilizes Adjusted EBITDA in an effort to provide information that reflects the Company’s economic performance. Lapolla’s management team reviews their monthly financial results on an Adjusted EBITDA basis. Adjusted EBITDA has no impact on reported sales. Adjusted EBITDA is used as a supplemental financial measure by management to describe Lapolla’s operations and economic performance to financial institutions, including the economic results of Lapolla’s operations; and repeatable operating performance that is not distorted by non-recurring items, certain other non-cash items, or market volatility. Adjusted EBITDA is not prepared in accordance with GAAP. Adjusted EBITDA should not be considered as an alternative to net income or loss, income or loss from operations, cash flows from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP.

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.

Lapolla Industries Contacts:

Douglas J. Kramer, CEO

Harvey L. Schnitzer, COO

Michael T. Adams, CGO

Charles A. Zajaczkowski, CFO

Tel: (281) 219-4700

Lapolla Industries is the First Nationally to Incorporate Honeywell’s Solstice® Liquid Blowing Agent for Spray Foam Wall Insulation

Installation at Purdue University Demonstrates Lapolla’s
Expansion of Environmentally Advantaged Offerings with Solstice LBA

Houston, TX, July 28, 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 is the first company nationally to develop the technology and commercially release Honeywell’s new Solstice® Liquid Blowing Agent (LBA) in spray foam insulation wall system in the USA.

Solstice LBA allows Lapolla closed-cell spray foam insulation to expand and contribute to the foam’s superior insulating properties. 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.

“At Lapolla, we are environmentally conscious and incorporate green alternatives into our offerings,” said Doug Kramer, President and Chief Executive Officer of Lapolla Industries. “We are pleased to be the first in the U.S. to incorporate Solstice Liquid Blowing Agent into our spray foam for walls, and we are confident that our foam, which has always been cutting edge, is fully credentialed and now one step above the rest of our peers. The product will soon be available globally.”

The next high profile installation of Lapolla’s leading edge wall system formulated with Solstice LBA will take place at Purdue University in West Lafayette, Indiana. Lapolla will use its FOAM-LOK spray foam blown with Solstice LBA to retrofit an off-campus 1920’s vintage home that researchers are transforming into a net-zero energy, water and waste structure and live-in laboratory. It marks the first time Solstice LBA will be employed in a wall system of a university in the United States. Researchers from Purdue University and Whirlpool Corporation will be monitoring the home’s energy usage after the spray foam wall installation to demonstrate its efficiency.

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.

“Solstice LBA provides builders and contractors with significant performance and environmental benefits in closed-cell spray foam wall and roof systems at costs that are competitive with other blowing agents,” said Laura Reinhard, Honeywell’s global business manager for spray foam. “Our collaboration with Lapolla allows us to provide wall-to-wall benefits for commercial and residential architects, builders and renovators. Lapolla’s best in class spray foam coupled with their national and international reach makes them an ideal partner to launch Solstice LBA for use in foam wall systems.”

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.

About Honeywell
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.

Corporate Contacts:
Douglas J. Kramer, CEO
Harvey L. Schnitzer, COO
Michael T. Adams, CGO
Charles A. Zajaczkowski, CFO
Lapolla Industries, Inc.
Phone: 281-219-4100
Email: [email protected]

Lapolla Industries Launches Free Investor Relations App

Investors can download the new mobile app at Apple’s App store and Google Play

HOUSTON–June 23, 2014–Lapolla Industries, Inc. (“Lapolla”) (OTCQB:LPAD), a Houston-based global supplier and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment, announced the release today of its investor relations app for iPhone, iPad and Android mobile devices now available for free at Apple’s App Store for the iPhone and iPad http://bit.ly/lapollaitunes and at Google Play http://bit.ly/1qoiMjm for Android mobile devices.

The Lapolla Industries investor relations app, which is powered by theIRapp(TM), allows users to navigate the Company’s investor relations materials as well as receive a stock quote and other important stock information. Features in the app include the latest press releases and SEC filings as well as marketing and background information, videos and presentations from the Company. Sharing functionality via email, Twitter and Facebook is available as well as the ability for investors to be notified when new information is posted to the company’s IR app.

“The Lapolla Industries investor relations app for iPhone, iPad and Android mobile devices will help our existing and potential shareholders more easily track our company’s updates and stock trading activity. This is increasingly important for those tracking our Company,” commented Doug Kramer, President and Chief Executive Officer of Lapolla Industries. “All investors are increasingly using mobile technologies to stay up-to-date on the latest company news and market events. By launching the Lapolla Industries investor relations app, we are offering our investors a direct path to the most pertinent information surrounding our IR activities, including our latest news releases, SEC filings, and videos.”

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.

CONTACT: Investors:
KCSA Strategic Communications
Todd Fromer, 212-896-1215
[email protected]

or
Phil Carlson, 212-896-1233
[email protected]

or

Public Relations:
KCSA Strategic Communications
Samantha Wolf , 212-896-1220
[email protected]

or

Jon Goldberg, 212-896-1282
[email protected]

or

Corporate:
Lapolla Industries, Inc.
Douglas J. Kramer

or

Michael Adams
Phone: 281-219-4100
[email protected]

SOURCE: Lapolla Industries, Inc.

Ty Pennington Signs on as Spokesperson for Lapolla Industries, Leading Spray Foam Insulation Brand

Star of “Extreme Makeover: Home Edition” to Raise Awareness about the Advantages of Choosing Spray Foam Insulation during Home Construction and Renovations
Houston, TX, May 19, 2014Lapolla Industries, Inc. (“Lapolla”) (OTCQB: LPAD), a Houston-based global supplier and manufacturer of spray polyurethane foam insulation, reflective roof coatings, and equipment, has announced that home improvement superstar, Ty Pennington, will act as the Company’s official spokesperson. Ty will promote Lapolla’s products in upcoming national and local campaigns, as well as make appearances at international trade shows and participate in consumer events, media relations and social media activities.

“Ty Pennington is one of the most trusted names and faces in home improvement and renovation. We view our partnership with Ty as an opportunity to reach a broader audience to educate them on the importance and value of spray foam insulation,” said Doug Kramer, President and Chief Executive Officer of Lapolla Industries. “Like Lapolla’s foam insulation, Ty is recognized and respected by contractors, builders, and home owners for his innovative and intelligent techniques for improving homes.”

Mr. Pennington is best known for hosting and leading the design team on “Extreme Makeover: Home Edition.” Prior to that role, he was the lead carpenter on TLC’s “Trading Spaces.” He is also the author of two books on home improvement.

“For years, I’ve been bringing attention to the importance of purposeful and creative home renovation,” said Ty Pennington. “By teaming up with Lapolla, we have an opportunity to build awareness about the importance of proper insulation to create significant energy savings to the entire residential market. The best home construction in the world needs the best, most efficient insulation to be truly effective for home owners.”

Ty’s role with the Company is aligned with the beginning of the home construction and renovation season, a time when Lapolla’s environmentally friendly products are top of mind. The Company’s products are known for their ability to reduce energy consumption in the residential, industrial and commercial markets for both new construction and retrofit applications, preventing heat or air conditioning from escaping. Lapolla’s spray foam can cut a buildings’ energy use by up to 40 percent for the life of the structure.

Lapolla also recently announced that its AirTight®Division is implementing a Multi-Family Energy Savings Program to contribute to additional savings – amounting to more than 55 percent – for landlords and property owners. This four-component program is a turn-key service that provides energy assessments and analysis with the assistance of independent consultants, project design, and regulatory due diligence to secure rebates from state and utility authorities.

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.

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.

Investor Contacts:
Todd Fromer / Phil Carlson
KCSA Strategic Communications
Phone: 212-896-1215 / 212-896-1233
Email: [email protected] / [email protected]

Media Contacts:
Samantha Wolf / Jon Goldberg
KCSA Strategic Communications
Phone: 212-896-1220 /212-896-1282
Email: [email protected]  / [email protected]