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OWENS CORNING (OC)
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Owens Corning :® Mineral Wool Insulation Earns SAFETY Act Designation from the U.S. Department of Homeland Security

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11/21/2017 | 05:38pm CET

By a News Reporter-Staff News Editor at Bioterrorism Week -- Owens Corning announced that several of its Thermafiber® mineral wool insulation products and their supporting design and installation services have earned SAFETY Act Designation, retroactive to January 1, 2006, from the U.S. Department of Homeland Security. Use of these products and services will provide building owners and professionals with liability protection in the unfortunate event of an act of terrorism on their structure (see also Owens Corning).

The purpose of the Support Anti-Terrorism by Fostering Effective Technologies Act, enacted in 2002, is to ensure the threat of liability doesn't prevent companies from developing and commercializing products that could save lives in the event of an act of terrorism. It restricts liability where qualified anti-terrorism technologies, or QATTs, have been used.

"Owens Corning is the first insulation manufacturer to be listed publicly with the Department of Homeland Security as having qualified technology carrying the SAFETY Act Designation," said Julian Francis, president, Insulation Business. "This recognition and its powerful liability protection provide a strong and unique benefit to our customers, building owners, and the architects and contractors who design and build high-rise buildings."

After a thorough review process by DHS, the following Thermafiber® fire barrier solutions qualify as anti-terrorism technologies and meet the highest standards required to earn SAFETY Act Designation: Thermafiber® Perimeter Fire Barrier System and Components Owens Corning® Thermafiber® FireSpan® 90 and 40

Owens Corning® Thermafiber® Safing

Owens Corning® Thermafiber® Impasse® Insulation Hanger System

Thermafiber® Insolutions® Design and Installation Services Thermafiber® Interior Wall/Floor Ceiling Systems Owens Corning® Thermafiber® SAFB™ (Sound Attenuation Fire Blanket) Thermafiber® Construction Joint Firestopping Systems Owens Corning® Thermafiber® TopStop® Owens Corning® Thermafiber® Safing Thermafiber® Penetration Firestopping Systems Owens Corning® Thermafiber® Safing

Angela Ogino, technical services leader, added, "Commercial building occupants depend on solid building design for their safety; for architects and specifiers, this DHS SAFETY Act Designation provides added peace of mind. The SAFETY Act Designation further underscores the role Owens Corning can play as a resource to architects and others in confidently designing, specifying and building durable and safe commercial structures."

Keywords for this news article include: Terrorism, Technology, Owens Corning, Homeland Security, Emergency Preparedness, Government Agencies Offices and Entities.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Health Newsletters

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Financials ($)
Sales 2017 6 298 M
EBIT 2017 824 M
Net income 2017 438 M
Debt 2017 2 235 M
Yield 2017 0,91%
P/E ratio 2017 22,71
P/E ratio 2018 16,89
EV / Sales 2017 1,90x
EV / Sales 2018 1,72x
Capitalization 9 710 M
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Owens Corning Technical Analysis Chart | OC | US6907421019 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 87,7 $
Spread / Average Target 0,43%
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Managers
NameTitle
Michael H. Thaman Chairman, President & Chief Executive Officer
Michael C. McMurray Chief Financial Officer & Senior Vice President
Steven Zerby Chief Information Officer & Vice President
James J. McMonagle Independent Director
W. Howard Morris Independent Director
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