Sep 28, 2006
Apex manufactures and markets the APEX-BLOCK system, a high-quality and multi-benefit solution for the construction of wall systems for the residential and commercial building markets. Composed of up to 80% recycled waste polystyrene, APEX-BLOCK is a green building material that offers superior economics and an extremely high R-52 insulation factor. The Company expects the product to reduce a building’s HVAC related energy costs by 30-50%. The product offers benefits in cost and ease of use to developers and building contractors. The product also has superior soundproofing and fireproofing characteristics, and is resistant to mold and insects.
Apex’s product targets a multi-billion dollar segment of the building construction sector. In response to rising energy costs and natural disasters such as forest fires and hurricanes, commercial and residential building owners are increasingly seeking improved building materials. Apex’s product is well-positioned to target large market opportunities in: medium to high end residential; light commercial; government buildings; and buildings with specialized requirements (e.g. energy efficiency, mandate to meet green standards, fire resistance, etc.).
