Armstrong World Industries and Price Industries expand partnership to advance healthy spaces and launch first co-developed product

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Armstrong World Industries

LANCASTER, Pa., July 07 10, 2022 (GLOBE NEWSWIRE) — 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 development holistic solutions to promote healthy indoor spaces. Additionally, the companies announced the launch of their first collaborative product, the StrataCleanIQ™, a ceiling-mounted filtration unit utilizing MERV 13 filtration.

Armstrong and Price both recognize the urgent need for healthy building solutions that support indoor environmental quality (IEQ). According to thought leaders in healthy building, such as the International WELL Building Institute and Harvard University’s TH Chan School of Public Health, IEQ is influenced by multiple factors, including acoustics, light, air quality and thermal comfort. As the COVID-19 pandemic has highlighted the urgent need for indoor air quality, all four components are essential for overall physical and psychological well-being and productivity.

Armstrong has long been a leader in innovating and manufacturing sustainable ceiling and wall solutions with industry-leading design, acoustic and light reflection, including ceilings featuring Total Acoustics technology.® product performance and transparency verified with its Sustain® product portfolio. Additionally, the company has strong relationships with architects and commercial designers across North America and a top-notch customer service model.

Price has decades of leadership in innovating and manufacturing air devices and systems that promote indoor air quality and thermal comfort. Price operates state-of-the-art research and technology centers and has developed close relationships in the mechanical engineering community. Their strong air purification product portfolio provides effective pathogen mitigation solutions. This includes the StrataCleanIQ, an easy-to-install system designed to capture pathogens and airborne particles to help create cleaner, healthier indoor air quality.

By expanding their partnership, Armstrong and Price will join forces to continue to develop new products that address key attributes of healthy spaces. In addition, the two companies will partner for IEQ research and testing, marketing and industry leadership, including the advancement of IEQ standards in commercial building codes.

Armstrong CEO Vic Grizzle said, “Like Price Industries, we pride ourselves on innovating to meet market needs. Now, more than ever, we are seeing a growing demand for products that can have a significant impact on healthy indoor spaces. Building on our complementary strengths and shared commitment to innovation, customer-centric values, and sustainability, I’m confident we can deliver the new solutions needed to make every space a healthy space.

Price Industries CEO 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 are currently collaborating with Armstrong to develop and design standard and custom diffusers that fit seamlessly into several AWI product lines, and we are working closely on the testing and commercialization of these products. Expanding this relationship to encompass the development of products and programs to advance healthy spaces is a logical next step for us. »

About Armstrong World Industries
Armstrong 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 2021 revenue of $1.1 billion, AWI has approximately 2,800 employees and a manufacturing network of 15 facilities, as well as six facilities dedicated to its WAVE joint venture.

About Price Industries
Price Industries is the leading manufacturer of pneumatic devices in North America, operating from six regional manufacturing sites, with approximately 3,000 employees. Price invests heavily in the science of comfort and air quality, operating a large research center and two technology and training centers.

contacts
Investors: Theresa Womble, [email protected] or (717) 396-6354
Media: Jennifer Johnson, jenniferjohnson[email protected] or (866) 321-6677


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