16.11.2007 17:13:00

LSB Industries Subsidiary Joins Forces with GE Money and Electric & Gas Industries Association on Eco-Friendly Heating & Cooling Systems

LSB Industries, Inc. (AMEX: LXU) today announced that its wholly-owned subsidiary, ClimateMaster, Inc. has joined forces with the Electric & Gas Industries Association (EGIA) and GE Money to help consumers finance the purchase of a geothermal heating, cooling and water heating system for their homes. ClimateMaster is the leading producer of residential geothermal heat pumps which, according to the Environmental Protection Agency, are the most energy-efficient, environmentally clean, and cost-effective space-conditioning system for most locations in the U.S. These systems harness the solar energy stored near the surface of the earth to provide year-round, low cost residential heating and cooling. Geothermal systems deliver considerable savings over conventional heating and cooling systems with the added benefit of hot water generation and a 25 year life expectancy. Geothermal systems can reduce homeowners’ utility bills up to 60 percent. ClimateMaster distributors and dealers nationally are now able to offer revolving and installment financing through the GEOSmart Loan program, sponsored by EGIA and funded through GE Money’s Sales Finance unit. Of the 6 to 7 million residential heating and cooling systems sold in North America in 2006, approximately 70 percent are replacement systems for single family homes. The home retrofit market is the primary target for the GEOSmart loan program, which will make geothermal systems more affordable for consumers retrofitting existing homes, and should make these homes more attractive to prospective buyers. According to Barry Golsen, President & COO of LSB Industries, "With buildings accounting for nearly 40 percent of all U.S. energy consumption, and heating, cooling, and water heating being the largest contributors, geothermal heat pumps are one of the best ways to trim energy bills and decrease fossil fuel usage, reducing greenhouse gas emissions and their harmful impact on the environment. Geothermal systems utilize a proven technology, with over a million systems installed since their introduction in the late 70s. According to the November 12, 2007 issue of Barron’s, "The green building market is expected to grow from $7.6 billion in 2005 to $39 billion in 2010.” Mr. Golsen noted, "The market opportunity for geothermal heat pumps is vast.” "ClimateMaster’s line of geothermal heating and cooling systems are an excellent choice for providing and utilizing sustainable, affordable energy,” said Bruce Matulich, executive director of the EGIA, a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions. "We are pleased to be able to promote both ClimateMaster’s products and the GEOSmart program to distributors, contractors and our utility partners across the U.S. Due to significant consumer energy savings, the positive impact on utility peak load conditions and the substantial environmental benefits, a growing number of utility companies offer rebates and other financial incentives to encourage consumer installation of geothermal systems. The GEOSmart loan program is being integrated into leading utility and state-sponsored energy efficiency programs, providing homeowners with a comprehensive financing solution that makes it easy for consumers to invest in energy efficient home improvements,” says Matulich. About ClimateMaster, Inc. and LSB Industries, Inc. ClimateMaster, Inc. is a leading manufacturer of geothermal heat pumps, which are widely considered to be the most energy efficient and environmentally friendly method of heating and cooling available on the market today. Headquartered in Oklahoma City, ClimateMaster, Inc. is a wholly owned subsidiary of LSB Industries, Inc. For more information, visit www.climatemaster.com. LSB is a manufacturing, marketing and engineering company. LSB’s principal business activities consist of the manufacture and sale of commercial and residential climate control products, the manufacture and sale of chemical products for the mining, agricultural and industrial markets, and the provision of specialized engineering services and other activities. LSB Industries is included in the Russell 2000 Index and the Russell 3000 Index. About Electric & Gas Industries Association The Electric & Gas Industries Association (EGIA) is a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions through a nationwide network of contractors, distributors, manufacturers and utility companies. EGIA is a leading provider of resource efficiency services and energy efficiency program administration for utility companies and water agencies. EGIA also provides the home improvement industry with comprehensive consumer energy efficiency and solar financing solutions and has administered some of the nation’s largest utility and state sponsored energy efficiency financing programs. For more information, visit www.egia.org. About GE Money With more than $190 billion in assets, GE Money, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in more than 55 countries around the world. GE Money, based in Stamford, Conn., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans, and credit insurance. More information can be found at www.gemoney.com. GE Money’s Sales Finance unit, based in Kettering, Ohio, provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers, dealers, manufacturers and service providers in more than 20 industries including: outdoor power equipment, home improvement, sporting goods, powersports, automotive, recreational vehicles, consumer electronics and appliances, furniture, floor covering, marine, music, jewelry, and health care. ©2007 General Electric Company, All rights reserved.

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