DALLAS – April 4, 2007 – Lennox Industries has announced the introduction of the industry's first comprehensive line of residential indoor air quality (IAQ) products that do not produce ground-level ozone. A recognized leader in the climate control industry for 112 years, Lennox Industries is a division of Lennox International Inc. (NYSE: LII).
Indoor air quality products such as electronic air cleaners and portable ionic air purifiers are often used to improve air quality in homes, yet many produce ozone. According to the American Lung Association, ozone exposure may lead to shortness of breath and chest pain when inhaling deeply, and the U.S. Environmental Protection Agency (EPA) estimates one out of every three people in the United States is at a higher risk of experiencing problems from ground-level ozone.
"Meaningful product innovation is an integral part of our company's history, as well as its future," said Doug Young, president and chief operating officer, LII Residential Heating & Cooling. "Developing the first comprehensive line of ozone-free indoor air quality products enhances home comfort and safety for consumers, while allowing us to pursue an excellent business growth opportunity." Independent studies suggest the market for IAQ products represents over $3.5 billion in annual sales and is expected to reach $10.4 billion by 2011.
Aside from not producing ozone, Lennox' Healthy Climate® IAQ products address a wide variety of common IAQ issues with industry-leading performance. Available products include air purification systems, media air cleaners, high-efficiency particulate (HEPA) filters, ultraviolet germicidal lights, humidifiers and dehumidifiers, and heat- and energy-recovery ventilators.
"Through our ozone-free Healthy Climate product line, we are making a clear and meaningful differentiation from our competitors in a market with significant growth potential," Young said.
Lennox Industries is a division of Lennox International Inc. (LII). Operating in over 100 countries, LII is a global leader in the heating, ventilation, air conditioning, and refrigeration markets. LII stock is traded on the New York Stock Exchange under the symbol "LII". Additional information is available at www.lennoxinternational.com or by contacting Karen O'Shea, Vice President, Communications and Public Relations, at 972-497-5258.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see Lennox' publicly available filings with the Securities and Exchange Commission. Lennox disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
