Bankruptcy Court Approves Purchase of Select Assets of Republic Windows by Serious Materials, Inc.

Thu Feb 26, 2009 5:20pm EST

* Reuters is not responsible for the content in this press release.

Serious Materials Intends to Reopen Former Republic Plant: Creating Green Collar
Jobs and Manufacturing Energy Efficient Windows
SUNNYVALE, Calif. & CHICAGO--(Business Wire)--
Serious Materials, Inc. announced today that it has received approval from the
bankruptcy court and closed the acquisition of certain assets, primarily
production equipment, of the former Republic Windows and Doors plant based in
Chicago. Serious Materials also has completed an agreement with the union to
move forward and intends to reopen the plant for the manufacturing of its
SeriousWindows and SeriousGlass and create much needed green collar jobs.
Republic Windows garnered national attention in December when it declared
bankruptcy, closed its doors, and left 300 people unemployed just before the
holidays. 

"This is an important step in the process but there is a still a lot of work to
be done," said Kevin Surace, CEO of Serious Materials. "We appreciate all of the
support we have received from the community thus far and we are hopeful that we
can quickly re-open the plant and get people back to work." 

President Obama said Tuesday night in his State of the Union Address, "We will
put Americans to work making our homes and buildings more efficient so that we
can save billions of dollars on our energy bills." Serious Materials is already
creating green collar jobs in plants across the country including Vandergrift,
Pennsylvania; Sunnyvale, California; Boulder, Colorado; and soon in the
President`s home town of Chicago. 

With this expansion, Serious Materials will be able to meet the continued demand
for its highly-insulated SeriousWindows and SeriousGlass. Currently installed in
over four million square feet of both residential and commercial buildings,
SeriousWindows exceed the current Energy Star standards by up to 400 percent.
With the recent acquisition of Republic Windows and last month`s
Pennsylvania-based Kensington Windows, Serious Materials expects to ramp up
production this year by tenfold for its SeriousWindows and SeriousGlass product
lines. 

"World Business Chicago welcomes Serious Materials and their efforts to rehire
Chicagoans, moving us toward a sustainable environment and energy future. We
look forward to supporting their work here," Rita Athas, executive director of
World Business Chicago. 

SeriousWindows are available in a full range of commercial and residential
styles, including single-hung, double-hung, gliders, casement, sliding doors and
swing doors, as well as glass for curtain wall and storefront systems.
Additionally, residential windows are available in a composite, stainable, wood
grain interior finish for high-end homes. Residential windows may be ordered now
through authorized dealers across the U.S. Customers may call (800) 797-8159 for
more information or go to www.SeriousWindows.com. 

About Serious Materials

Serious Materials develops and manufactures sustainable green building materials
that save energy, save money, improve comfort and aggressively address climate
change. The company was voted #1 at Cleantech Forum XII, won Global Gypsum
Product of the Year 2008, won the first Aspen Institute award for innovation in
Energy Conservation and was awarded Green Product of the Year by Popular
Science. It has also been recognized by TIME/CNN, Fortune, Business Week,
AlwaysOn and Red Herring as one of the top green technology companies. Serious
Windows and Glass reduce heating and cooling energy costs by up to 50% and
improve occupant comfort. QuietRock soundproof drywall and QuietHome Windows
reduce material use, enhance livability, and support dense sustainable urban
construction. And EcoRock uses 80% less energy in its core production and has
the potential to save billions of pounds of CO2 annually making it the only true
green alternative to gypsum drywall and five times more environmentally
friendly. The company is working to create thousands of cleantech jobs here in
the U.S. For more information, visit www.SeriousMaterials.com. 





Vantage Communications for Serious Materials
Catriona Harris, +1-407-621-1418
charris@pr-vantage.com

Copyright Business Wire 2009

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