15.01.2008 20:28:00
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Coachmen Industries to Build Smart Home for Chicago's Museum of Science and Industry
Coachmen Industries, Inc. (NYSE: COA) today announced its continued
commitment to environmentally friendly systems-built housing through its
participation in the "Smart Home: Green + Wired”
exhibit at the Museum of Science and Industry in Chicago. Coachmen’s
systems-built residential housing subsidiary, All American Homes, LLC,
will build the fully functional "Green”
home that will be a central part of the exhibit on the lawn of the
Museum grounds. The exhibit is slated to open May 8, 2008 and run though
January 4, 2009.
Showcasing exciting new directions in sustainable living and
environmentally friendly technology, the Smart Home: Green + Wired
exhibit will offer guests a view into the latest innovations in reusable
resources, smart energy consumption and clean, healthy-living
environments in a contemporary setting within the 2,500 square-foot home
and grounds. Michelle Kaufmann Designs conceived the home currently
being constructed at the All American Homes’
manufacturing facility in Decatur, Ind. The design, called the mkSolaire™,
was built for an urban environment and features inviting, sophisticated
and family-friendly interior architecture. The home will demonstrate the
benefits of energy-efficient heating, ventilation and air-conditioning
systems and energy efficient building components to create a healthy
living environment. The fully functioning exhibit on the grounds of the
museum will be powered by Chicago sponsors ComEd and heated by Peoples
Gas.
Construction of the modules takes place on All American Homes’
quality-controlled assembly line and lasts approximately three weeks.
The fully completed house is then "test fit”
or "soft set” at
the factory prior to the individual modules being transported to the
Museum site to be set on its foundation at the end of February. After
the home is set, final interior work, furnishing and landscaping will be
completed in preparation for the home’s
opening in May.
"In this, the 75th Anniversary year of the
Museum of Science and Industry, Coachmen Industries and All American
Homes are extremely pleased to be the builders of the Smart Home: Green
+ Wired. This project is perfectly aligned with our corporate commitment
to building more sustainable and environmentally friendly housing and
recreational vehicles,” stated Coachmen
Industries CEO, Rick Lavers. "Our
Systems-built Housing is by nature more environmentally friendly, using
less fuel for transportation of raw materials and less waste in the
manufacturing process and we are now offering our builders and
homeowners ‘green’
alternatives and options they can customize and incorporate into their
homes,” concluded Lavers.
Modular built in a precision-engineered and climate-controlled
environment, All American Homes is able to build homes 60 percent faster
and in a more environmentally friendly way than traditional site-built
construction. Waste is reduced because much of the lumber arrives
precut, reducing the need to dispose of waste in the field. Most waste
is recycled as part of the manufacturing process. Even drywall scrap is
trucked to local farmers to use in preparing soil for planting—keeping
it out of landfills. Sawdust is made available for use as livestock
bedding. These and other efficiencies in time and materials, in addition
to being eco-friendly, can yield significant cost savings to the
homeowner, making homes more affordable. For more information on All
American Homes visit the website at www.allamericanhomes.com.
About the Museum of Science and Industry
The Museum of Science and Industry’s mission
is to inspire the inventive genius in everyone by presenting captivating
and compelling experiences that are real and educational. The Museum
first opened its doors on June 19, 1933. In 2008—more
than 175 million guests later—the Museum
commemorates its 75th Anniversary with a year-long celebration. Located
at 57th Street and Lake Shore Drive, the Museum is open every day of the
year except December 25. Regular Museum hours are 9:30 a.m. until 4:00
p.m., Monday through Saturday, and 11:00 a.m. until 4:00 p.m. on Sunday.
The Museum offers indoor parking and is accessible by CTA and Metra. The
Museum is supported in part through the generosity of the people of
Chicago through the Chicago Park District. For more information, visit
the Museum’s Web site at www.msichicago.org
or call (773) 684-1414 or (800) GO-TO-MSI outside of the Chicago.
About Michelle Kaufman
Michelle Kaufmann Designs (MKD) is a full service design/build
architectural firm that specializes in sustainable, innovative,
high-quality modular architecture. Michelle Kaufman has become the
leader in home design which creates a marriage of beauty and
sustainability using modular construction. Kaufmann began designing her
current style of environmentally responsible, modular homes when she and
her husband were looking for a "green”
home of their own. Now working under the belief that sustainable,
well-designed buildings should be accessible to more people, Kaufman has
simplified the process and chosen off-site modular technology as the
means to create beautiful, eco-friendly homes and buildings. The goal of
her company is to make it easier for people to build green and live a
more sustainable lifestyle. The home being built for the Smart Home:
Green + Wired exhibit is a new MKD design called mkSolaire™,
a threestory, loft-style home, suitable for an urban environment. The
Museum's home is the first mkSolaire™ to be
constructed. More information about MKD can be found at www.michellekaufmann.com.
Coachmen Industries, Inc. is one of America’s
leading manufacturers of recreational vehicles, systems-built homes and
commercial buildings, with prominent subsidiaries in each industry. The
Company’s well-known RV brand names include
COACHMEN®, GEORGIE
BOY™, SPORTSCOACH®
and VIKING®. Through
ALL AMERICAN HOMES®
and MOD-U-KRAF®,
Coachmen is one of the nation’s largest
producers of systems-built homes, and also a major builder of commercial
structures with its ALL AMERICAN BUILDING SYSTEMS™
products. Coachmen Industries, Inc. is a publicly held company with
stock listed on the New York Stock Exchange (NYSE) under the ticker COA.
This release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned not to place undue reliance on forward-looking statements,
which are inherently uncertain. Actual results may differ
materially from that projected or suggested due to certain risks and
uncertainties including, but not limited to, the potential fluctuations
in the Company’s operating results, increased
interest rates the availability for floorplan financing for the Company’s
recreational vehicle dealers and corresponding availability of cash to
Company, uncertainties and timing with respect to sales resulting from
recovery efforts in the Gulf Coast, uncertainties regarding the impact
on sales of the disclosed restructuring steps in both the recreational
vehicle and housing and building segments, the ability of the company to
generate taxable income in future years to utilize deferred tax assets
and net operating loss carry-forwards available for use, the impact of
performance on the valuation of intangible assets, the availability and
the price of gasoline, price volatility of raw materials used in
production, the Company’s dependence on
chassis and other suppliers, the availability and cost of real estate
for residential housing, the supply of existing homes within the company’s
markets, the impact of home values on housing demand, the impact of
sub-prime lending on the availability of credit for the broader housing
market, the ability of the Housing and Building Group to perform in new
market segments where it has limited experience, adverse weather
conditions affecting home deliveries, competition, government
regulations, legislation governing the relationships of the Company with
its recreational vehicle dealers, dependence on significant customers
within certain product types, consolidation of distribution channels in
the recreational vehicle industry, consumer confidence, uncertainties of
matters in litigation, further developments in the war on terrorism and
related international crises, oil supplies, and other risks identified
in the Company’s SEC filings.
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