PRESS RELEASE: MILESTONE

For Immediate Release

UltraCell Announces 10 Year Supply Agreement with Greenpac Mill

January 15, 2016 – Niagara Falls, New York – UltraCell Insulation LLC, an emerging technology leader in the cellulose insulation industry, today announced that it has executed a 10 year supply agreement with Greenpac Mill, the nation’s largest converter of recycled corrugated materials.

“UltraCell’s proven and patented manufacturing process allows us to manufacture top quality cellulose insulation using recycled materials as our feedstock,” stated Jonathan Strimling, UltraCell’s Chief Executive Officer.  “We are thrilled to announce that our partnership with Greenpac Mill will permit us to launch a facility of significant scale serving the Northeast, MidAtlantic and Midwest markets.”

“With this supply agreement solidified, and with the tremendous buying power that Cascades brings to our paper sourcing activities, we are now moving forward with site engineering and permitting efforts” said Mr. Strimling. UltraCell anticipates launching its new facility in Q4, 2016 and is building a facility with the ultimate production capacity of 3 million bags of insulation annually.

UltraCell Insulation LLC is launching a breakthrough technology for the production of an advanced form of cellulose insulation and will begin shipping UltraCell from its plant in Buffalo, NY in early 2017.  Founded in January 2013, UltraCell employs a patented process to blend fiber from pulped recycled cardboard with fiber from other clean paper feedstocks, which results in production of an extraordinarily pure and clean cellulose insulation. UltraCell partnered with the Greenpac Mill in Niagara Falls to obtain clean recycled fiber from corrugated cardboard to feed its manufacturing process. Greenpac is North America’s largest and cleanest pulper of recycled cardboard, and also gives UltraCell the benefit of its enormous buying power in paper commodity markets.

# # #

For more information, contact Jon Strimling

jstrimling@ultracellinsulation.com