This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Albemarle Welcomes Recent Regulatory Efforts To Improve Fire Safety

Stocks in this article: ALB

BATON ROUGE, La., July 17, 2012 /PRNewswire/ --  Albemarle Corporation (NYSE: ALB), today offered its encouragement to recent efforts announced by California Governor Brown, the California Bureau of Home Furnishings and the Senate Appropriations Committee to assess the need for improvements in fire safety standards for home furnishings.

(Logo: http://photos.prnewswire.com/prnh/20111129/MM14279LOGO )

" California should be congratulated for their pioneering standard-setting efforts of 1975, which focused on ignition of furniture foam by an open flame," said Dr. David Clary, Albemarle Chief Sustainability Officer. "We are encouraged that fire safety standards are being revisited after 35 years because fire remains a very real problem in the United States.  According to the National Fire Protection Association, in the United States alone, fires currently cause one civilian death every 2 hours 49 minutes, an injury every 30 minutes, and one building fire every 65 seconds."

California's fire safety standards for home furnishings are embedded in Technical Bulletin 117 (TB117.) California's TB117 recognized open flames as an important source of home fires. According to the National Fire Protection Association, during the period 2005 to 2009, open flames caused more than one in five of the upholstered furniture fires and 12% of the associated deaths in the United States. A recent study funded by the U.S. government shows fire safety standards that address open flames as a source of fires provide increased escape time and the highest level of safety.

Regulatory efforts since 1975 demonstrate that California TB117 can be improved. For example, in 1988, recognizing advances in science and technology in the interim decade, Great Britain published a stricter standard which considers different sources of ignition and both the fabric and the foam cushioning of the furniture under real world conditions. Research conducted in Great Britain demonstrates that by 2007, the new British standard resulted in 37% fewer furniture fires each year and a 64% reduction in deaths from furniture fires. 

Albemarle Corporation supports efforts to strengthen fire safety standards and is committed to delivering fire safety solutions based on sound science.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs