RENO, Nev., March 8, 2007 (PRIME NEWSWIRE) -- eHolding Technologies, Inc. (Pink Sheets:EHDT), which intends to manufacture Structurally Insulated Panels (SIPs) to be used as building components for residential and light commercial applications, today announced that the marketplace is embracing this technology at an accelerated rate and that SIPs are rapidly revolutionizing the construction industry.
Structural Insulated Panels consist of Expanded Polystyrene (EPS) sandwiched between sheets of Oriented Strand Board (OSB) plywood using industrial grade adhesive. SIP constructed homes can achieve a 5 Star Energy rating with very few upgrades, potentially generating savings up to 70% of energy costs.
According to Doug Hamby, CEO of eHolding Technologies, "Government estimates are that at least 15%-20% of home building in the next five years will involve SIP panels, offering potential owners not only safety from winds up to 200 miles per hour, but substantial energy savings."
Recently, Champion Homes, the world's largest homebuilder, partnered with the Department of Energy to identify the merits of SIPs. And Pulte Homes, the nation's second largest builder, has integrated the technology into its ongoing construction. SIP housing technology has received strong support, including endorsement from the Federation of American Scientists, a group funded by the U.S. government to find better and more cost effective ways to build homes. The technology has also earned the support of the Department of Housing and Urban Development (HUD), the California Energy Commission, and the Federal Emergency Management Association (FEMA).
Construction techniques make SIPs facilities strong, energy efficient, and capable of providing significant savings in terms of heating and cooling costs. Additionally, SIPs buildings have demonstrated that they can survive the impact of earthquakes of up to 5.0 on the Richter scale.
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.