VISTA, Calif., April 28, 2015 /PRNewswire/ -- Eco Building Products, Inc., (PINK: ECOB) announced today that Interstate + Lakeland Lumber in Connecticut, and Guthrie Lumber & Distribution of Austin, Texas have submitted orders for an inventory reset of Eco Red Shield™ Lumber Coatings in support of their local market's increase in jobs specified with the Company's Advanced Framing Lumber. Both well respected partners are a great addition to ECOB's other established Affiliate Coaters adding millions of board feet of Eco Red Shield lumber protection without compromising the indoor air quality of homes during the wet spring building season.
This news has impeccable timing with last week's UL conference for "Smarter Building" where Mold and VOC's were major topics. UL Economist Grossi commented that "A Smart Building could monitor the air for mold and chemical particles that can be concentrated within buildings. The ability of smart buildings to monitor and mitigate the substances in a building's air supply", Grossi said, "is dependent on a growth in public awareness that pushes research into the effects of these pollutants."
This public demand is likely to be sparked by recent advances in hand-held and home air quality detectors that will empower individuals to test their surroundings. UL's air quality scientists think the ability to produce effective detectors is easily within five years away. The key factor pushing our society into mass adoption of smart building use is the technological competence of a new generation — the Millennials. People born after 1976 are, in general, more conditioned to be familiar with and rely on information technology to monitor building use will be second-nature to a generation that has never operated without computers. These people will increasingly join the ranks of building operations and maintenance staff who will likely welcome the increased use of smart building construction. http://ul.com/newsroom/featured/building-industry-rebound-catalyzed-by-smart-systems-ul-chief-economist/
HCC Specialty a division of HCC Insurance Holdings wrote in Part 1 saying: "Lawsuits over 'toxic' mold are becoming as prevalent as mold itself. No one involved in constructing buildings with mold problems is safe from litigation. Contractors are often considered fair game, even when the fault lies wholly with the design-and even when the contractor builds exactly to spec. Toxic Mold Part II continues to hammer home the reality by summarizing that "If you work on building construction projects, this is your problem, and the stakes are high. Know the risks, and learn how to avoid them."
Despite the very real debate as to the alleged health risks associated with mold, mold is a real problem for everyone in the construction industry. Whether or not the hysteria is justified, the fear is real, and it has created a multi-billion dollar mold industry. Not surprisingly, personal injury attorneys are at the center of this trend. The construction, insurance, and real estate markets are besieged by mold litigation and the never-ending quest to locate and eradicate mold. Although the true extent of the problem may be hazy, one thing is crystal clear: At this point, the truth doesn't matter. Perception is reality, and the public perception of mold is that it is highly toxic to humans.
Eco Building Products, Inc. President & Chief Executive Officer commented that "The argument over whether mold can be a health risk is similar to the argument over whether climate change storms are real. The fact that there is enough evidence to suggest that we need to embrace new defensive ways to build will only come from the private sector because our insurance companies avoid mold insurance kind of like all those houses hurt by Sandy that should have been torn down. Eco Red Shield GREENGUARD Gold certification may have had little value up until now where Eco Red Shield as proven to have lower chemical emissions than raw lumber, and any other treated lumber product. Just last week, the UL had their conference on "Smarter Building "where Mold and VOC's were a major topic. This is only the beginning when it comes to what this next home buyer generation will tolerate. In our testing with GREENGUARD, they recognize that Eco has significantly reduced the natural process of formaldehyde off-gassing which naturally occurs in raw lumber, but it's never measured once a home has been built because of drywall installation; except that most all return air vents on our HVAC systems are made with raw lumber as the duct. It's certain that some positive form of change could come from this; change that would never be spearheaded by any of our National Builders, Lumber Producers or Lumber Retailers/Wholesalers, but not before more builders get sued because they ignore this problem that is worse now than ever before, and it all started with the over stocked lumber reloads full of wet wood. This will certainly be a topic of discussion as the ECOB Board gathers today. I'm looking forward to having a conversation with UL economist Grossi."
About Eco Building Products, Inc.
Eco Building Products, Inc. is a manufacturer of treated wood products that are protected against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites by our proprietary eco-friendly chemistry utilizing ECOB WoodSurfaceFilmTM and FRC™ technology (Fire Retardant Coating) leading the world on Defensive Innovations through the implementation of defensive building practices. Eco Building Products' Global Defensive Vision is to foster environmental stewardship, respect reforestation programs, and consider the carbon footprint and recycling efforts as we forge forward in the protection of homeowners and builders. We believe that in conjunction with these endeavors, Eco Building Products will have a positive impact on U.S. export business as supported by factory-built housing managed by American Veterans, demonstrating once again to America's youth that working in the Building Trades is an honorable vocation.
Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. ECOB takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.
SOURCE Eco Building Products, Inc.