LEXINGTON, Ky., Feb. 10, 2020 /PRNewswire/ -- Tempur Sealy
International, Inc. (NYSE: TPX, "Company") announced today
that it will invest in solar power technology for its largest
mattress manufacturing operation, located in Albuquerque, New Mexico. The project is
planned for completion by year end. The locally-generated renewable
energy will provide a sustainable source of electric power
sufficient to run all of Albuquerque's mattress assembly lines,
reducing the annual electric consumption purchased from public
utility by approximately 2 million kWh's.
Additionally, the Company announced that its facility in
Duffield, Virginia has achieved
the U.S. Environmental Protection Agency's (EPA's) ENERGY STAR
Challenge for Industry by reducing its energy intensity by nearly
40% within 4 years. In successfully achieving the ENERGY STAR
Challenge, Tempur Sealy's Duffield
facility has reduced over 3,800 tons of greenhouse gases per year
and saved enough energy to power over 500 homes.
Earlier this year, the Company issued its first Corporate Social
Values Report to highlight its efforts to improve its communities
and the environment. The Company focuses on driving many
environmentally friendly initiatives through leveraging
well-established practices and continually researching additional
areas of opportunity. Through these efforts to continuously expand
its environmental initiatives, the Company identified the
opportunity to integrate solar power in its manufacturing
operations.
"These renewable energy projects are exciting additions to our
other environmental initiatives here at Tempur Sealy," said
Scott Thompson, Tempur Sealy
International, Inc. Chairman and CEO. "This reduction in our carbon
footprint from the solar energy initiative alone equates to
powering all mattress assembly lines at our largest facility, and
at the same time, allows us to improve the cost effectiveness of
our operations."
Forward-Looking Statements
This press release may
contain "forward-looking statements," within the meaning of the
federal securities laws, which includes information concerning one
or more of the Company's plans, objectives, goals, strategies, and
other information that is not historical information. When used in
this release, the words "expects," "anticipates," "projects,"
"plans," "proposed," "intends," and variations of such words or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements include, without
limitation, statements relating to the Company's operational plans,
results of operation or financial position. Any forward-looking
statements are based upon current expectations and beliefs and
various assumptions. There can be no assurance that the Company
will realize these expectations or that these beliefs will prove
correct. The Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which such statement is made. Numerous factors, many of
which are beyond the Company's control, could cause actual outcomes
to differ materially from those expressed as forward-looking
statements.
About the Company
Tempur Sealy International, Inc.
(NYSE: TPX) develops, manufactures, and markets mattresses,
foundations, pillows and other products. The Company's
products are sold worldwide through third party retailers, its own
stores, and online. The Company's brand portfolio includes many
highly recognized brands in the industry, including Tempur®,
Tempur-Pedic®, Sealy® featuring Posturepedic® Technology, and
Stearns & Foster®. World headquarters for Tempur Sealy
International is in Lexington, KY.
For more information, visit http://www.tempursealy.com or call
800-805-3635.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com
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SOURCE Tempur Sealy International, Inc.