Patent attributes
A modular water-resistant paneling system and method is configured for being retrofitted into walls of existing finished basements or buildings and/or used in new construction, using components fastenable onto wall studs supporting drywall. The components include dimensionally stable water-resistant panels, and finishing strips having a backing flange and an upper lip portion sized and shaped to receive upper edge portions of the panels therein. The backing flange is fastenable to the wall studs while maintaining the panels in spaced relation therefrom, to maintain interior facing surfaces of the panels and drywall flush with one another. The upper lip portion includes opposing flanges configured for superposed engagement with adjacent portions of the interior facing surfaces of the panels and drywall. Mounting clips are sized and shaped for receiving a stud therein, and have a support flange for supporting lower edge portions of the panels.