Armstrong World Industries and Price Industries Expand Partnership to Advance Healthy Spaces and Launch First Co-Developed Product
July 07 2022 - 8:30AM
Armstrong World Industries, Inc. (NYSE: AWI) and Price Industries,
two leading innovators in the commercial construction industry,
today announced an expanded partnership focused on accelerating the
development of holistic solutions to promote healthy indoor spaces.
In addition, the companies announced the launch of their first
product collaboration, the StrataCleanIQ™, a ceiling-mounted
filtration unit using MERV 13 filtration.
Both Armstrong and Price recognize the urgent need for healthy
building solutions that support indoor environmental quality (IEQ).
According to healthy building thought leaders, such as the
International WELL Building Institute and Harvard University’s T.H.
Chan School of Public Health, IEQ is influenced by multiple factors
including acoustics, light, air quality and thermal comfort. While
the COVID-19 pandemic highlighted the pressing need for indoor air
quality, all four components are critical for overall physical and
psychological well-being and productivity.
Armstrong has long been a leader in the innovating and
manufacture of sustainable ceiling and wall solutions with
industry-leading design, acoustical and light reflectance including
ceilings that have Total Acoustics® performance and verified
product transparency with its Sustain® portfolio of products. In
addition, the company has strong relationships with commercial
architects and designers throughout North America and a
best-in-class customer service model.
Price has decades of leadership in the innovation and
manufacture of air devices and systems that promote indoor air
quality and thermal comfort. Price operates industry leading
research and technology centers and has developed deep
relationships in the mechanical engineering community. Their strong
portfolio of air purification products provides effective
pathogen-mitigating solutions. This includes the StrataCleanIQ, a
simple-to-install system designed to capture airborne pathogens and
particulates to help create cleaner, healthier indoor air
quality.
By expanding their partnership, Armstrong and Price will bring
together their strengths to continue developing new products that
address the key attributes of healthy spaces. In addition, the two
companies will partner on IEQ research and testing, marketing and
industry leadership, including the advancement IEQ standards into
commercial building codes.
Armstrong Chief Executive Officer Vic Grizzle said, “Like Price
Industries, we pride ourselves on innovating into what the market
needs. Now, more than ever, we see increasing demand for products
that can make a meaningful impact on healthy indoor spaces. By
building on our complementary strengths and our shared commitment
to innovation, customer-centric values and sustainability, I’m
confident we can bring the new solutions needed to make every space
a healthy space.”
Price Industries Chief Executive Officer Gerry Price said,
“Armstrong and Price share strong core values and are committed to
supporting customers with industry leading technology, technical
support and service. We currently collaborate with Armstrong to
develop and design standard and custom diffusers that seamless
integrate into several AWI product lines, and we work closely on
the testing and marketing of these products. Expanding this
relationship to embrace the development of products and programs to
advance healthy spaces is a logical next step for us.”
About Armstrong World
IndustriesArmstrong World Industries, Inc. (AWI) is a
leader in the design and manufacture of innovative commercial and
residential ceiling and wall solutions in the Americas. With $1.1
billion in revenue in 2021, AWI has approximately 2,800 employees
and a manufacturing network of 15 facilities, plus six facilities
dedicated to its WAVE joint venture.
About Price IndustriesPrice Industries is the
leading manufacturer of air devices in North America, operating
from within six regionally located manufacturing sites, with
approximately 3,000 employees. Price invests heavily in the science
of comfort and air quality, operating one large research center and
two technology and training centers.
ContactsInvestors:
Theresa Womble, tlwomble@armstrongceilings.com or (717)
396-6354Media: Jennifer Johnson,
jenniferjohnson@armstrongceilings.com or (866) 321-6677
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