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Armstrong World Industries Announces Strategic Healthy Buildings Partnership with 9 Foundations

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Armstrong World Industries (NYSE: AWI) has announced a partnership with 9 Foundations, Inc. (9F), aimed at enhancing indoor environments for better health outcomes. This collaboration, featuring Dr. Joseph G. Allen and his team from Harvard, focuses on innovative ceiling and wall solutions based on healthy building science. The partnership will evaluate health-focused technologies to improve air quality, ventilation, and other crucial factors for indoor environments. AWI, with 2020 revenues of $937 million, aims to lead in the healthy buildings sector.

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  • Partnership with 9F enhances AWI's focus on healthy building solutions.
  • Collaboration brings expertise from leading scientists on indoor environmental health.
  • Focus on health-based technologies aligns with increasing demand for healthier indoor spaces.
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LANCASTER, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (NYSE: AWI) today announced it has commenced a partnership with 9 Foundations, Inc. (9F), an independent scientific advisory firm founded by Dr. Joseph G. Allen, associate professor at the Harvard T.H. Chan School of Public Health, director of Harvard’s Healthy Buildings Program, and co-author of the book Healthy Buildings. The team at 9F consists of leading scientific experts on the connections between human health and built environments, bringing unmatched technical knowledge and experience to the most critical public health challenges of our time, including Covid-19. With this partnership, 9F will work with AWI in its continued focus on manufacturing ceiling and wall solutions based on the most advanced healthy building science and design.

AWI CEO Vic Grizzle said, “We are very excited about this relationship with Dr. Allen and his healthy buildings team at 9F. Creating healthy indoor environments requires a holistic approach, and that means actively collaborating across disciplines to solve the complex problem at hand: making our spaces better for the health and well-being of people. At AWI, our team includes chemical, mechanical, electrical, and industrial engineers, chemists, material scientists and digital designers and technologists. Joe’s team at 9F includes experts in the fields of public health, infectious disease transmission and intervention, worker health and safety, and risk assessment and mitigation. By working together, we can advance our collective understanding of what makes a healthy space and develop ceiling and wall solutions that will make a meaningful difference in protecting people where we live, work, learn, heal and play.”

Building on a legacy of leading-edge product design and materials science, AWI currently makes sustainable ceiling and wall solutions that “clean, contain and protect” by improving key elements of indoor environmental quality: indoor air quality and ventilation, acoustics, and natural and supplemental lighting. 9F will work with AWI to evaluate new health-based technologies and innovation opportunities that support “The 9 Foundations of a Healthy Building” – ventilation, air quality, thermal health, moisture, dusts and pests, safety and security, water quality, noise, and lighting and views – and will help AWI grow its current healthy spaces portfolio.

Of the partnership, Dr. Allen said, “The pandemic has given the public a heightened awareness of how indoor environments influence our health and well-being. Healthy buildings are the new expectation, and rightly so. Companies like Armstrong understand this and want to lead in the global effort to radically change how we design and build. Together, we can realize our shared goal of creating indoor environments that optimize our mental and physical health and performance.”

To learn more, visit armstrongceilings.com and 9foundations.com.

About 9 Foundations, Inc.
9 Foundations, Inc. (9F) provides strategic healthy buildings solutions to companies across major sectors of the economy, including finance, biotech, higher education, healthcare, commercial real estate, technology, and the arts. Its advisory services include best practices for managing infectious disease risk during COVID-19 and beyond, forward-looking initiatives to improve the health of indoor environments, real-time “sick building” investigations and crisis support, environmental, social and governance (ESG) performance of real estate, and technology evaluation and development. Comprised of experts in the fields of public health, infectious disease transmission and intervention, worker health and safety, and risk assessment and mitigation, 9F is bringing technical excellence to the global healthy buildings movement.

About Armstrong World Industries
Armstrong World Industries, Inc. (AWI) is a leader in the design and manufacture of innovative commercial and residential ceiling, wall and suspension system solutions in the Americas. With $937 million in revenue in 2020, AWI has approximately 2,800 employees and a manufacturing network of 15 facilities, plus six facilities dedicated to its WAVE joint venture.

Uncertainties Affecting Forward-Looking Statements
Disclosures in this release and in our other public documents and comments may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Those statements provide our future expectations or forecasts and can be identified by our use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "outlook," "target," "predict," "may," "will," "would," "could," "should," "seek," and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance.  Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future.  As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements.  A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated or implied is included in the “Risk Factors” and “Management’s Discussion and Analysis” sections of our reports on Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission.  Forward-looking statements speak only as of the date they are made.  We do not undertake or assume any obligation to update or revise any forward-looking statements beyond what is required under applicable securities law.

 


FAQ

What partnership did Armstrong World Industries announce on October 28, 2021?

Armstrong World Industries announced a partnership with 9 Foundations, Inc. to enhance healthy building solutions.

Who is involved in the partnership between AWI and 9F?

The partnership involves Dr. Joseph G. Allen and his team from Harvard's Healthy Buildings Program.

What is the focus of the partnership between AWI and 9 Foundations?

The focus is on developing ceiling and wall solutions based on advanced healthy building science to improve indoor environments.

What was AWI's revenue in 2020?

Armstrong World Industries reported $937 million in revenue for the year 2020.

How does the partnership with 9F benefit AWI investors?

The partnership may drive innovation and market leadership in healthy building solutions, which can positively impact AWI's stock performance.

Armstrong World Industries, Inc.

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