OC Owens Corning Inc

Tool Designed to Help Building Owners Qualify for Tax Deduction TOLEDO, Ohio, June 28 /PRNewswire-FirstCall/ -- Leading building materials manufacturer Owens Corning (NYSE:OC) today introduced the Owens Corning Commercial Energy Calculator, a simple way to demonstrate how improving the performance of the envelope and/or lighting and HVAC systems can help a metal building owner qualify for tax deductions under the Energy Policy Act of 2005. In addition, it also estimates the payback period for any combination of thermal efficiency measures within the metal building. "This tool is a continuation of our 70-year history of not only providing world-class products, but also world-class solutions to help our builder business partners grow and prosper in the marketplace and continue to push the creation of greener, more energy-efficient sustainable buildings," said Jennifer Rygalski, business manager, Metal Building Insulation, Owens Corning. "By building greater energy efficiency into our metal buildings we can help protect the environment, U.S. energy security and our future." The calculator, which is focused on helping building owners reduce energy costs, decrease payback times and understand tax deduction qualifications under the Energy Policy Act of 2005, collects building information such as: - Location - Size - Roof type - Space conditioning category - Window areas After entering the information, the Commercial Energy Calculator develops a baseline building snapshot of the minimum envelope, lighting and HVAC requirements. The launch of this tool coincides with a heightened awareness among members of the United States industrial and regulatory communities of the impact of energy consumption on the global environment and the importance of conserving this resource. According to a report released in March 2007 by the United Nations Environment Programme's Sustainable Construction and Building Initiative, the global building sector accounts for 30 to 40 percent of global energy use. "Energy efficiency improvements of between 30 to 50 percent in new and existing buildings are both practical and cost effective," added Rygalski. "Owens Corning understands that energy efficiency is the 'first fuel,' and by implementing this tool with our customers and continuing to work with them to reduce our collective energy footprint we can save the energy equivalent of millions of barrels of oil." The Owens Corning Commercial Energy Calculator is available online to Owens Corning customers at http://www.owenscorning.com/comminsul/calculator.asp. Contractors looking for an Owens Corning Metal Building insulation distributor in their state can quickly locate qualified distributors from the pull-down menu on the site. For more details on the Commercial Energy Calculator call 1-800-GET-PINK(TM). About Owens Corning Owens Corning (NYSE:OC) is a world leader in building materials systems and composite solutions. A Fortune 500 company for more than 50 years, Owens Corning people redefine what is possible each day to deliver high-quality products and services ranging from insulation, roofing, siding and manufactured stone veneer, to glass composite materials used in transportation, electronics, telecommunications and other high-performance applications. Founded in 1938, Owens Corning is a market-leading innovator of glass fiber technology with sales of $6.5 billion in 2006 and 19,000 employees in 26 countries. Additional information is available at http://www.owenscorning.com/ DATASOURCE: Owens Corning CONTACT: Kerry Desberg of Owens Corning, +1-419-248-5939, ; Molly A. Lynch of GolinHarris, +1-312-729-4227, , for Owens Corning Web site: http://www.owenscorning.com/

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