General Overview
Lapolla is a leading national manufacturer and supplier of foam and coatings focused on developing and commercializing foam and coatings targeted at commercial and industrial and residential applications in the roofing, insulation, and construction industries. Being basic in both foam and coating systems puts Lapolla in a strong position as both product lines reduce energy consumption and ultimately lead to direct savings for consumers.

Our products primarily address the growing consumer awareness of the building envelope. A building envelope is the separation between the interior and the exterior environments of a building. It serves as the outer shell to protect the indoor environment as well as to facilitate its climate control. The physical components of the envelope include the foundation, roof, walls, doors and windows. We provide insulation, an air barrier, and a vapor barrier with our products.

We have invested substantial resources to acquire, develop and commercialize a variety of foam and coatings products to date. Additional products are currently being developed to meet identified opportunities in target markets both nationally and internationally for spray and pour polyurethane foam applications.

Operating Segments
We operate our business on the basis of two reportable segments — Foam and Coatings. The Foam segment involves producing both roofing and building envelope insulation foam. The Coatings segment involves producing protective coatings and primers. Both segments involve supplying equipment and related ancillary items used for application of our products.

Foam Segment
Our foam business involves supplying both roofing and insulation foam to the construction industry. Roofing applications consist of new and retrofit commercial and industrial, and residential, applications. Building envelope insulation foam applications consist of perimeter wall and attic space commercial and industrial, and residential, applications. LaPolla now provides open and closed cell spray foam insulation, as well as closed cell technology for roofing, applications. This segment also supplies adhesives and equipment for applications.

Coatings Segment
Our coatings business involves supplying a variety of protective coatings for roofing systems for new and retrofit commercial and industrial, as well as residential, applications primarily to the roofing industry. This segment also supplies caulking and equipment for applications.