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NewsBot Date: July 14, 2005 07:12:35 PM
SWTX News Research Southwall Technologies Inc, Stock Trading Message Board
Southwall Technologies Inc. Q2, 2005 Results Teleconference To Be Webcast August 1, 2005
Southwall Technologies Inc. (OTCBB:SWTX) plans to release its financial results for the second quarter fiscal 2005 on Monday, August 1st, 2005, following the close of market. The company's management will hold a teleconference at 2:00 p.m. PT / 5:00 p.m. ET that same day.
This call will be open to all investors via a webcast accessible at www.southwall.com and by phone. Both phone and webcast replays will be available for approximately one week after the teleconference, beginning approximately two hours after the call ends.
How to Access the Webcast
Go to the Investor Relations page of the Southwall website at www.southwall.com and click on the CCBN webcast icon. From here, you can listen to the teleconference, assuming that your computer system is configured properly.
How to Access the Call
Using access code # 7828547, domestic U.S. callers can dial (877) 481-7179, while international callers can dial (706) 634-7186. The phone replay will be accessible at (800) 642-1687 or (706) 645-9291, access code # 7828547.
Southwall Technologies Inc. Joins the Advanced Automotive Glazing Manufacturers Association -AAGMA- and Expands Global Influence
Southwall Technologies (OTCBB:SWTX) announced today that it has joined the Advanced Automotive Glazing Manufacturers Association (AAGMA). Southwall, a leader in automotive laminated solar control glazing, will work closely with the members of AAGMA to globally advance awareness of the advantages of automotive laminated glazing, regarding its comfort, safety and security and to encourage increased adoption of laminated glazing in the automotive industry. Southwall produces XIR(R) automotive solar reflective film used in windshields by many global automotive manufacturers.
"We believe that AAGMA offers a platform for substantial industry support of the advancement of automotive laminated glazing technologies," said Dennis Capovilla, Southwall Senior Vice President of Worldwide Sales. "We are very excited about our membership and look forward to working closely with fellow members. Southwall's many years of experience in manufacturing IR reflective films for laminated glazing allows us to bring significant experience to the partnership."
"We welcome Southwall to the Association," said Michel Van Russelt, Chairman, AAGMA and Market Development Manager for Solutia Europe. "Southwall's many years of providing the XIR solar reflective film to many of the major manufacturers of laminated windshields will bring valuable experience and aid us in promoting the benefits of laminated glazing."
About Laminated Glazing
Laminated glazing is a "sandwich" comprising two glass sheets and a tough plastic interlayer, bonded under controlled heat and pressure. While all windshields have been made of laminated glass for safety reasons for more than 20 years, only a minority of side and rear windows are constructed of laminated glazing. The benefits of laminated glazing throughout the vehicle are numerous:
-- Provides superior noise insulation for acoustic comfort.
-- Blocks approximately 99% of UV radiation to protect the vehicle occupants against harmful UVA and UVB radiation.
-- Reflects solar energy, reducing temperature build-up and improving fuel consumption as a result of reduced air conditioning load.
-- Protects the occupants from ejection in an accident. Since the glass remains adhered to the plastic interlay, the window stays in the frame acting as a safety net.
About AAGMA (www.aagma.com)
AAGMA was initially formed in 1998 as an advocate of the benefits of advanced automotive laminated glazing and current membership includes the leading European automotive glass manufacturers and interlayer suppliers. Its members represent 75% of the world's automotive glass producers and nearly 100% of the interlayer providers. Its objective is to define and quantify the benefits of laminated glazing in terms of passive safety, security, and passenger comfort and to educate the public, government bodies, and emergency services on the benefits and behaviors of laminated glazing.
Southwall Technologies Bolsters Technical and Marketing Management
PALO ALTO, Calif.
Southwall Technologies
Roween Nacionales, 650-962-9111
rnacionales@southwall.com
Southwall Technologies Inc. (OTCBB:SWTX) announced today two key additions to its senior management team.
"I'm pleased to announce the addition of two key senior executives to Southwall's technology and marketing groups," said Thomas G. Hood, Southwall's President and Chief Executive Officer. "Dr. Neil Bergstrom will guide our new product and technology development as Senior Vice President of Engineering and Chief Technology Officer. Dr. Bergstrom is a seasoned leader in the advanced display technology arena." Prior to joining Southwall, Dr. Bergstrom was Vice President of Engineering, at Qualcomm's MEMS Technologies and was responsible for Technology Integration, transfer, and Display Performance in the US and in Taiwan. Prior to its acquisition by Qualcomm, he was Vice President of Engineering at Iridigm, an advanced display technology company. Dr. Bergstrom also held senior technical positions at Inviso, Aradigm and Apple Computer. He holds a Ph.D. from the University of California at Berkeley in Physics.
"In addition, we've added Mr. Bruce Lang as our Director of World Wide Marketing who will enhance our customer and product marketing efforts," added Mr. Hood. Mr. Lang comes to Southwall with fifteen years industry experience marketing advanced technology products. He most recently served as Director of Product Marketing for Glimmerglass Networks, a global provider of fiber-optic switching systems. Prior to joining Glimmerglass, Mr. Lang served as Director of Product Marketing for Silicon Light Machines, where he played a critical role in securing key OEM customers in the Electronic Display market. Mr. Lang also held Product Marketing positions with Altera Corporation and Signetics. He holds a B.S. in Electrical Engineering from Stanford University and a MBA from Santa Clara University.
"As Southwall has regained its profitability over the last year we now shift our focus to developing new technologies and products that will enable future growth. Both Neil and Bruce are key ingredients to that future success," concluded Mr. Hood.
Southwall Technologies Announces CFO's Resignation
PALO ALTO, Calif.
Southwall Technologies Inc.
Roween Nacionales, 650-962-9111
rnacionales@southwall.com
Southwall Technologies Inc. (OTCBB:SWTX) announced today that Maury Austin, its Chief Financial Officer, has resigned from the company effective June 21, 2005 to join a company outside of Southwall's technology market.
"Maury was brought in specifically to guide the company back to profitability and to help position the company for future growth," said Thomas G. Hood, Southwall's President and Chief Executive Officer. "As our most recent 2004 and 2005 quarterly financial results have now shown, Maury's contributions, along with those of our employees and senior staff, have enabled Southwall to become and remain profitable over the last four quarters. In addition, along with the strengthening of our balance sheet that has come with profitability, Maury has built a strong team and will leave Southwall with a very capable finance organization. We wish him well in his next challenge," added Mr. Hood.
Southwall has initiated a search for a new CFO.
About Southwall Technologies Inc.
Southwall Technologies Inc. designs and produces thin film coatings that selectively absorb, reflect or transmit light. Southwall products are used in a number of automotive, electronic display and architectural glass products to enhance optical and thermal performance characteristics, improve user comfort and reduce energy costs. Southwall is an ISO 9001:2000-certified manufacturer and sells advanced thin film coatings to over 25 countries around the world. Southwall's customers include Audi, BMW, DaimlerChrysler, Hewlett-Packard, Mitsubishi Electric, Mitsui Chemicals, Peugeot-Citroen, Philips, Pilkington, Renault, Saint-Gobain Sekurit, and Volvo.
This press release may contain forward-looking statements, including, without limitation, statements regarding the Company's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those presented. These risks include the possibility that the Company's expected future results will be materially worse than estimated, that the Company may not continue to be profitable in future quarters or may not be able to achieve future long-term growth, that there will be a decline in one or more portions of our business in 2005 or thereafter, that the Company will suffer a decline in manufacturing or financial effectiveness, and that the Company will not be able to secure additional financing if required, as well as risks associated with its failure to meet potential covenant requirements under future credit facilities. Further risks are detailed in the Company's filings with the Securities and Exchange Commission, including those set forth in the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2004, filed on March 30, 2005 and its Quarterly Report on Form 10-Q for the quarter ended April 3, 2005, filed on May 13, 2005.
