Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Serious Materials Inc are doing the installation of the windows for the Empire State Building...
this is from yesterdays WSJ online...
http://online.wsj.com/article/SB10001424052748703467004575463303005762216.html?mod=googlenews_wsj
SERIOUS MATERIALS INC.
LOCATION: Sunnyvale, Calif.
AWARD: Environment category winner, 2009
INNOVATION: This building-materials maker was recognized for a drywall substitute called EcoRock made of recycled material. The product requires 80% less energy to make than standard gypsum-based drywall and is termite and mold resistant, according to the company.
WHERE ARE THEY NOW? EcoRock remains in the testing stage with projects in California, due to the slowdown in new construction, says the company's chairman and chief executive, Kevin Surace. Meanwhile, Serious Materials has refocused its resources on energy-efficient windows, an area of growth. The company has nearly doubled its number of employees to about 400.
Serious Materials is supplying more than 6,000 windows for the Empire State Building, a project that is planned for completion in the fall.
UBSS just grabbed another little chunk off the bid...
15:49:12 9500 1.75 - OTCBB
Time and Sales
15:58:18 18500 1.82 - OTCBB
15:57:09 500 1.95 + OTCBB
15:56:18 1000 1.85 - OTCBB
15:56:12 500 1.95 - OTCBB
15:56:03 500 1.95 - OTCBB
15:54:12 500 2.00 + OTCBB
15:54:06 500 1.87 + OTCBB
15:53:57 2500 1.87 + OTCBB
15:53:39 500 1.87 + OTCBB
15:53:24 500 1.85 + OTCBB
15:53:24 100 1.80 + OTCBB
15:53:18 179 1.80 + OTCBB
15:53:06 500 1.80 + OTCBB
15:52:57 500 1.80 + OTCBB
15:52:39 500 1.80 + OTCBB
15:52:30 500 1.80 + OTCBB
15:51:48 200 1.78 + OTCBB
15:50:57 4000 1.78 + OTCBB
15:49:33 1700 1.78 + OTCBB
15:45:54 5000 1.78 + OTCBB
15:40:27 3372 1.75 + OTCBB
15:40:21 500 1.75 + OTCBB
15:39:15 750 1.75 + OTCBB
13:37:15 2000 1.75 + OTCBB
13:37:09 500 1.75 + OTCBB
13:36:54 500 1.75 + OTCBB
09:30:06 690 1.75 OTCBB
last 2 days, somebody likes $1.75...
SWTX(2010/09/21)
11:23:00 450 1.75 + OTCBB
11:22:57 1000 1.75 + OTCBB
11:22:06 2500 1.75 + OTCBB
11:21:21 2500 1.75 + OTCBB
11:17:27 2550 1.75 + OTCBB
11:09:54 2500 1.75 + OTCBB
11:07:00 2500 1.75 + OTCBB
11:03:39 1500 1.75 + OTCBB
11:03:33 500 1.75 + OTCBB
11:03:33 500 1.75 + OTCBB
10:58:00 1000 1.75 OTCBB
SWTX(2010/09/20)
15:09:15 1000 1.75 + OTCBB
15:09:09 500 1.75 + OTCBB
15:08:27 500 1.75 + OTCBB
14:46:51 500 1.75 + OTCBB
14:43:21 1000 1.75 + OTCBB
14:43:15 1000 1.75 + OTCBB
14:41:45 2000 1.75 + OTCBB
14:40:06 2500 1.75 + OTCBB
14:39:03 500 1.75 + OTCBB
14:26:27 2000 1.75 + OTCBB
14:24:36 500 1.75 + OTCBB
14:23:03 2500 1.75 OTCBB
last 2 days, somebody likes $1.75...
SWTX(2010/09/21)
11:23:00 450 1.75 + OTCBB
11:22:57 1000 1.75 + OTCBB
11:22:06 2500 1.75 + OTCBB
11:21:21 2500 1.75 + OTCBB
11:17:27 2550 1.75 + OTCBB
11:09:54 2500 1.75 + OTCBB
11:07:00 2500 1.75 + OTCBB
11:03:39 1500 1.75 + OTCBB
11:03:33 500 1.75 + OTCBB
11:03:33 500 1.75 + OTCBB
10:58:00 1000 1.75 OTCBB
SWTX(2010/09/20)
15:09:15 1000 1.75 + OTCBB
15:09:09 500 1.75 + OTCBB
15:08:27 500 1.75 + OTCBB
14:46:51 500 1.75 + OTCBB
14:43:21 1000 1.75 + OTCBB
14:43:15 1000 1.75 + OTCBB
14:41:45 2000 1.75 + OTCBB
14:40:06 2500 1.75 + OTCBB
14:39:03 500 1.75 + OTCBB
14:26:27 2000 1.75 + OTCBB
14:24:36 500 1.75 + OTCBB
14:23:03 2500 1.75 OTCBB
YIKES a table turner and curtains for SWTX if this has 1 % truth:
http://finance.yahoo.com/news/New-Energy-Debuts-SolarWindow-bw-2183016150.html?x=0&.v=1
Empire State Building window refurb: The empire strikes back
Specifier 03 September 2010 | By Stephen Kennett
Manhattan’s Empire State Building is leaking air and carbon by the tonne. But a project to reduce heat loss and solar gain from its 6,514 windows has raised its green credentials - and drastically lowered its energy bill
New York city’s tallest building could soon be one of its greenest if a £12.5m retrofit programme goes to plan. The owners of the 102-storey Empire State Building are hoping to cut its carbon emissions by 38% and shave £2.8m off its £6.7m annual energy bill. What’s motivating them is the desire to prove that energy-efficient retrofits are economically viable and can be replicated on other buildings. It’s an attractive proposition and (another big motivation for owner, Malkin Holdings) it should also help attract tenants to the art deco landmark, which has of late lost some of its lustre.
There are eight projects under way as part of the upgrade, each of which contributes between 2% and 8% of the overall saving. One of these involves the windows, and it will be completed next month.
It’s a mammoth task. There are 6,514 of them in the building, which was originally designed to be naturally ventilated and was fitter with single-glazed timber sashes. These were last replaced about 17 years ago, with double-glazed, aluminium sash units. Physically, they are in good shape; the downside is their thermal performance. In the US, windows are normally described by their resistance to heat flow, or their R-value, as opposed to U-value scale, which measures heat flow. The higher the R-value, the more insulating and better performing the window; the aim is to improve this fourfold.
Dana Schneider of Jones Lang LaSalle, who is managing the retrofit, says when the team began analysing the project they wanted to take a holistic approach that included optimising the performance of the envelope as well as the building services and tenant behaviour. “That way we could reduce the load on the building and the infrastructure systems needed to support it,” she says.
A key part of the project, however, was to build the business case for eco retrofits and find the best balance between the financial investment and carbon reduction. Ripping out the windows and replacing them with new, high-performance units was an option, but it would have been expensive and disruptive. Plus, the old windows and frames still had plenty of life left in them.
Instead, the design team hit on the idea of “re-manufacturing” them. This offered a cost-effective way of improving the centre pane U-value and cutting solar gain by increasing the solar heat gain coefficient. Together with improving the seals around the windows, it was calculated that 5% could be shaved off energy use and the payback period would lie within the 15-year target.
According to Schneider, nothing like this had been done before and certainly not on this scale. On the fifth floor of the tower a processing workshop has been set up, partly to cut down on the carbon associated with transportation. The windows are being upgraded by Serious Materials. The process involves taking the sashes out of their frames and replacing them with a temporary window, a procedure which takes a matter of minutes and can be done out of office hours. They are then taken to the workshop where they are disassembled and the glass cleaned and inspected for chips or cracks. About 97% of the glass is being reused.
A new super-insulating glass unit is then created by taking one of the original panes of clear uncoated glass, laying a warm edge spacer on to it and then a suspended low-emissivity film which acts to cut down the solar gain and the load on the air-conditioning system. Another edge spacer is added before the outer pane of glass is laid on top, creating what is effectively a triple-glazed unit of the same thickness and weight as the original double-glazing. The assembly is then baked in an oven for about 90 minutes which shrinks the film, making it taut, and turning it translucent. The last step is to inject a mix of krypton and argon into the two voids to improve the U-value. Before it is reinstalled, new sealing strips are applied to cut down on infiltration.
The procedure allows the original glass to be recycled and frames reused, and takes the windows from an R2 rating (a U-value of 0.5W/m2K) to R8 (a U-value of 0.125W/m2K), while halving solar gain. Ultimately it should save 1,150 tonnes of CO2 a year and knock more than £250,000 off the building’s annual energy bill. With 43% of all office space in New York City built before 1945, it should be an example others will follow.
Greening the Empire State
Upgrading more than 6,500 windows saves 1,043 tonnes of CO2 and £257,000 a year
Maximising daylighting and installing more efficient lighting and controls saves 1,868 tonnes of CO2 and £590,000 a year
Installing radiative barriers behind radiators saves 435 tonnes of CO2 and £119,000 a year
Improving the efficiency and controllability of the chiller plant saves 1,297 tonnes of CO2 and £423,000 a year
Replacing 300 air-handling units saves 1,379 tonnes of CO2 and £440,000 a year
Installing new building controls and upgrading the existing ones saves 1,843 tonnes of CO2 and £464,000 a year
Tenant energy management programme saves 674 tonnes of CO2 and £242,000 a year
Demand control ventilation, which uses sensors to deliver the appropriate amount of fresh air, saves 272 tonnes of CO2 and £73,000 a year
Crown Operations of Sun Prairie sold to California firm
Posted: Wednesday, September 1, 2010 2:45 pm
Crown Operations International, a Sun Prairie company involved in making energy-efficient window glass, has been purchased by Southwall Technologies of Palo Alto, Calif., for $3.3 million.
Crown, at 347 Business Park Drive in the Sun Prairie Business Park, was founded in 1988 and has 14 employees. Privately owned by founder Marshall Krone, the sale was effective Monday.
“It’s business as usual; the plant didn’t skip a beat,” said Crown president Curtis Liposcak.
Crown applies energy-saving films to a plastic layer that can then be sandwiched between two sheets of glass, creating windows that reflect heat and block ultraviolet rays.
Liposcak said the plant will stay open, and all the workers will keep their jobs. “A lot of the glass lamination that occurs in North America is east of the Mississippi River,” he said. “There’s a good likelihood that we could even expand our head count in the coming quarters.”
Southwall, founded in 1979, makes films and energy-saving glass for homes, commercial buildings and vehicles and has about 160 employees worldwide. Its shares are publicly traded on the over-the-counter bulletin board.
Sun Prairie's Crown acquired for $3.3M
The Business Journal of Milwaukee
Crown Operations International Ltd., a Sun Prairie company that produces heat-reflective films for laminated glass, has been purchased by Southwall Technologies Inc. of Palo Alto, Calif., for $3.3 million.
With the deal, Southwall acquires Crown's interlayer converting and laminating facility, including a 23,000-square-foot plant on 4 acres and converting equipment, according to a filing with the U.S. Securities and Exchange Commission.
Southwall (OTCBB: SWTX) is a manufacturer of films and glass products that improve the energy efficiency of buildings, homes and cars. Crown Operations' polyvinyl butyral sheets are combined with Southwall's XIR infrared reflective film to create a transparent and heat-blocking interlayer that saves energy.
Dennis Capovilla, Southwall's CEO, said the acquisition of Crown enables Southwall to provide a complete interlayer product, from encapsulation through converting.
"Alignment with Southwall creates a great opportunity to bring new, energy-saving interlayer products to the market," said Curtis Liposcak, president of Crown Operations.
Southwall Technologies Acquires Crown Operations International
By Business Wire 09/01/10 - 09:01 AM EDT
Southwall Technologies Inc., (OTCBB:SWTX), today announced the acquisition of Crown Operations International, a Wisconsin-based processor of high-performance, heat-reflective interlayers that improve the energy-efficiency of laminated glass in buildings, homes and cars. Such interlayers combine one or two sheets of polyvinyl butyral (PVB) with Southwall’s XIR® infrared reflective film to create a transparent and heat-blocking “super interlayer” that saves energy, reduces carbon emissions and increases building and vehicle occupant comfort.
More on Press Releases
NYSE Euronext Acquires Corporate Board MemberEHSI Completes Internal Testing On E-911 AppB2 Digital - Castle Creek Comments On The Global Precious Metals, Base Metals, And Industrial Mineral AreasIntergraph® Introduces New SmartPlant® Materials Subcontractor Management ModuleProAssurance To Acquire American Physicians Service GroupHDNet's 'Fighting Words With Mike Straka' To Feature Greg JacksonLightwave Logic Announces Update On US Patent ApplicationCMTS Sales Surge To Record Level In The Second Quarter, According To Dell'Oro GroupSurvey Finds Only 14% Of Companies Have Virtualized Mission-Critical ApplicationsMass Megawatts Maintains Improved Financial ConditionMarket Activity
Southwall Technologies| SWTX DOWN"Alignment with Southwall creates a great opportunity to bring new, energy-saving interlayer products to the market," said Curtis Liposcak, president of Crown Operations.
The acquisition highlights Southwall’s focus on vertical integration to offer value-added products and services to its customers. Crown’s laminating and converting capabilities simplify material logistics and facilitate the adoption of high performance interlayers for volume production.
“Crown's proven technology enables Southwall to provide a complete interlayer solution from encapsulation through converting,” said Dennis Capovilla, Southwall’s chief executive officer. “Our goal is to make it easy for manufacturers to integrate the performance of Southwall’s XIR heat-reflective film into their architectural and automotive laminated glass products.”
About Southwall Technologies
Southwall Technologies is the leading innovator of energy-saving films and glass products that dramatically improve the energy efficiency of buildings, homes and cars. Southwall is an ISO 9001/2000/14001 certified manufacturer with customers in over 25 countries around the world.
I see this is your first post on Ihub, I hope you like it over here, those yahoo boards can get a little out of control...
Ihub is my fav!
Please feel free to post any DD that you have!
Mike
but of course, not calling it to go back to $15 but I think we could see an uplisting in our near future...
I'm sure our revenues are much better now than they ever have been too...
Nice little board you have here.
One of the key things to recall about SWTX, when looking at it over a 20 year timeframe as your chart here does, is that the company's shares outstanding today are much, much higer than they were back then.
If you go back 10-12 years ago, I believe the share count was only about 7 million. In fact, I am going to check my Bloomberg for annual average FD share count right now.
back in a minute!
Avg Fully Diluted Share Out from Bllomberg
1990 6.78 million
1995 6.32
2000 7.64
2001 8.19
2002 10.42
2003 12.54
2004 14.59
2005 32.90 (this is when they got bailed out by Needham)
2006 26.95 (FD count fell because stock price declined)
2007 33.24
2008 34.26
2009 34.49
So the market cap today at $1.80 is still in the same ball park it always was back then, south of $100 million.
Just keep that in mind
aa
JEC Chair Maloney Calls for Improvements to Energy Star Program
Letter to Energy Secretary and EPA Administrator Follows JEC Hearing on Clean Energy Innovations
Press Release from U.S. Congress Joint Economic Committee
Washington, D.C. - August 30, 2010 (Investorideas.com renewable energy/green newswire) - Congresswoman Carolyn B. Maloney (D-NY), Chair of the U.S. Congress Joint Economic Committee (JEC), today sent a letter to the Secretary of Energy and the Administrator of the Environmental Protection Agency seeking their input on how best to update and improve the Energy Star ratings that are awarded to energy-efficient buildings and products.
The letter follows a July JEC hearing that focused on innovations in the consumption and production of energy and which revealed shortcomings in the Energy Star program, including the program's longstanding use of relative rather than absolute ratings.
At the hearing, Anthony Malkin, who owns the Empire State Building and is leading a major energy efficiency retrofit of that building, voiced concern that the Energy Star ratings compare a building's energy usage to that of other buildings, but do not provide an absolute rating detailing energy consumption for a specific building.
"Energy Star has been a useful program," said JEC Chair Maloney. "But, the ratings need to be updated so they're easier for consumers to understand and more useful to businesses. Businesses want a rating system that quantifies – in absolute, not relative terms – the improvements they make in reducing their energy consumption. A more robust Energy Star program will make it easier for businesses to document and showcase the benefits of their energy-conserving efforts, incenting them to undertake more of these job-creating retrofits. By strengthening Energy Star, we can spur job creation and give our economy a much-needed shot in the arm."
Maloney emphasized in her letter that speeding the pace of commercial retrofits will create jobs, reduce our nation's energy consumption and provide an important boost to the struggling construction industry. She also suggested a number of straightforward steps that could be taken to strengthen the Energy Star program for consumers, including reporting the expected lifetime of products and appliances, so that consumers are able to factor durability into their purchasing decisions.
Dr. Michael Greenstone, Director of the Hamilton Project and 3M Professor of Environmental Economics at MIT, testified at the July hearing that additional cost information would enable consumers to make more informed purchasing decisions based not just on the price of the product, but on how much it costs to use the product. He also supported moving from relative to absolute ratings.
The text of the Congresswoman's letter follows below:
August 30, 2010
The Honorable Lisa P. Jackson
Administrator, Environmental Protection Agency
Environmental Protection Agency
Ariel Rios Building
1200 Pennsylvania Avenue, NW
Washington, DC 20460
The Honorable Dr. Steven Chu
Secretary of Energy
U.S. Department of Energy
1000 Independence Avenue, SW
Washington, DC 20585
Dear Administrator Jackson and Secretary Chu:
I want to bring to your attention an energy issue that was raised at recent hearing of the Joint Economic Committee, which I chair – the need to revamp the Energy Star program to be a more consumer friendly tool and more useful to businesses. Since EPA and DOE jointly operate the Energy Star program, I am sharing this information with both of you.
Anthony Malkin, owner of the Empire State Building, testified about the 40 percent reduction in energy usage he is achieving through a major energy efficiency retrofit of that great building. The energy savings are dramatic. As Mr. Malkin pointed out, the Empire State Building's energy consumption is equivalent to that of 40,000 single family homes. Indeed, 64 percent of all energy consumed in New York City is consumed by 20 percent of the buildings – a powerful reminder that by focusing on large consumers of energy, policymakers can make significant progress in our effort to conserve energy.
While the progress being made at the Empire State Building is impressive, it is rare. The vast majority of commercial buildings have not undertaken retrofits. As the Department of Energy and the Environmental Protection Agency seek to accelerate the pace of commercial retrofits, it may be productive to review and possibly revamp the Energy Star ratings that are awarded to energy-efficient buildings and products.
Today, the Energy Star program provides data to businesses and consumers on a relative basis. The Energy Star rating compares a specific building's energy usage to that of other buildings, but doesn't provide a quantitative rating spelling out the building's actual energy consumption. A building owner who carries out a major retrofit should be able to expect an Energy Star rating that details the reduction in energy consumption that has resulted. As Mr. Malkin testified, the improvement in the Energy Star rating after the retrofit should not be dependent on what other buildings achieve in energy savings. Additionally, that Energy Star rating should be easily understood by the public, including tenants who want to compare the energy efficiency of different buildings.
Consumers also face challenges when purchasing appliances with Energy Star ratings. A longstanding problem with the EnergyGuide system had been that Energy Star's ratings were relative, not absolute. For example, a consumer learns that an Energy Star washing machine uses about 30 percent less energy than a washing machine which didn't make the Energy Star classification. While that's useful information, what the consumer needs is the amount of energy used by the washer and what financial savings this lower energy consumption will lead to. It should be clear and simple.
Energy Star's EnergyGuide Program – which lists the expected yearly usage costs for many products – is an important step in giving consumers the most useful information possible when making purchasing decisions. Although the EnergyGuide system is a great innovation, the details of the program are somewhat opaque. It seems that the requirement for an EnergyGuide label only applies to some appliances but not others, even within the same broad category (e.g., water heaters). How is the decision about requiring an EnergyGuide label made?
Additionally, The Energy Star certification process has a credibility deficit. This year, the GAO was able to gain Energy Star approval for 15 out of 20 bogus products that it submitted to the program for approval, including a "gas-powered alarm clock" that was the size of small generator. For the vast majority of new products, GAO reported that Energy Star does not verify energy savings reported by manufacturers.[1]
In the past several years, with the federal government leading the way, our country has made great progress in food labeling. Consumers are able to easily read and understand information about the food products they are purchasing. We should seek the same kind of progress when it comes to Energy Star. Below are a few questions I have about how best to improve the Energy Star program:
What can be done to update and strengthen Energy Star so that it both provides more information to consumers and businesses and rewards those who undertake energy conserving actions?
Have EPA and DOE considered requiring manufacturers to report the expected lifetime of products, so that consumers are able to factor durability into their purchasing decisions and calculate the lifetime cost of the product?
Are EPA and DOE already taking steps to provide more information through Energy Star that would spell out the financial savings associated with a building's Energy Star rating?
How can we make it easiest for tenants, for example, to understand and compare the energy-efficiency of the building that they are leasing – or considering leasing – to that of other buildings in their community?
As you have worked to refine the Energy Star program, are you encountering any obstacles that are slowing progress?
Making the nation's existing building stock more energy efficient is central to making real progress in reducing carbon emissions. Today, however, just 9,700 commercial buildings have earned an Energy Star label, out of five million commercial buildings in the country. Businesses aren't acting. The existing $1.80 per square foot tax credit for building retrofits has so far been insufficient to spur significant action.
Of course, the case for retrofits stands on two legs: energy efficiency and economic growth. By accelerating retrofits in both the commercial and residential sectors, we can create jobs, reduce our nation's energy consumption and provide an important boost for the construction industry. The Home Star Energy Retrofit Act, which passed the House in May and is expected to be taken up soon in the Senate, will help to speed retrofits in the residential sector. Changes to the Energy Star program can provide better information to consumers and also help to build the business case for retrofits in the commercial sector.
On the appliance side of Energy Star, the Department of Energy and the Environmental Protection Agency should build upon the success of the EnergyGuide program, where information is clearly displayed both on a product's anticipated annual costs to consumers and the estimated amount of energy that the product will use annually. As Dr. Michael Greenstone, Director of the Hamilton Project and 3M Professor of Environmental Economics at MIT, recently testified before the Joint Economic Committee, these improvements would increase transparency and efficiency within the marketplace by allowing consumers to make purchasing decisions based on total future costs of products, not just their prices on the shelf. Thus, the improved Energy Star rating system would harness the full power of consumer decision making to decrease energy usage – saving consumers' money and reducing American energy consumption. A reformed Energy Star program would also spur innovation and would force companies to compete directly on energy efficiency, durability, and lowering total costs to consumers.
I look forward to your answers to my questions and to any additional perspective you would like to share on how the Federal government can most efficiently encourage energy-efficiency retrofits as well as the consumption of energy-saving products and appliances.
Sincerely,
Carolyn B. Maloney
Chair, Joint Economic Committee
The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
So these are our three largest customers, impressive...
Saint Gobain Sekurit
With 340 years of engineering expertise and a firm commitment to innovation, Saint-Gobain Sekurit is one of the leading glass manufacturers in the world.
We provide high added-value products and services in three markets:
automotive glass originally installed by automakers (OEM)
automotive glass replacement (aftermarket),
glass for transport vehicles (buses, lorries, aeronautics)
We have spent decades launching new solutions and technologies that have streamlined car manufacturing and introduced cost-saving techniques.
For drivers and their passengers, this simply means an optimum driving experience with greater comfort, safety and security. This is why one out of two European cars is equipped with our automotive glass.
Saint-Gobain Sekurit is a subsidiary of Saint-Gobain, one of the top 100 industrial companies in the world. Saint-Gobain is active in five main sectors: flat glass, high-performance materials, construction products, building distribution and packaging.
It is leading in every one of them.
Headquartered in Paris, Saint-Gobain has over 200,000 employees in 56 countries, and is listed on the stock markets of Paris, London, Frankfurt, Zurich, Brussels, and Amsterdam.
Pilkington PLC
Pilkington is one of the world's largest manufacturers of glass and glazing products for building, automotive and related technical markets. The Group has manufacturing operations in 24 countries on five continents and sales in over 130 countries, employing around 23,800 people worldwide. Founded in 1826, Pilkington is recognized as the world's technological leader in glass. With its associates, Pilkington has the widest geographical reach and market leadership positions in the Building Products and Automotive OE and Automotive Glass Replacement (AGR) sectors.
Solutia Inc
With 3600 employees, Solutia Inc. is a global manufacturer and marketer of a variety of chemical and engineered materials that are used in a range of consumer and industrial applications. It maintains a global infrastructure consisting of 25 manufacturing facilities, six technical centers and approximately 26 sales offices globally, including 12 facilities in the United States. Its segments are Saflex, CPFilms and Technical Specialties. Saflex is the producer of Polyvinyl Butyral sheet, a plastic interlayer used in the manufacture of laminated glass for automotive, architectural and energy applications. CPFilms is a manufacturer of solar control, decorative, safety and security window films for aftermarket automotive and architectural applications.
Timeline
1974 The Massachusetts Institute of Technology (MIT) obtains National Science Foundation funding and starts the School of Architecture Solar Energy Laboratory.
1976 The founding group incorporates as Suntek and applies to the Energy Research and Development Administration (ERDA) for direct funding. As a condition for the contract, Suntek must be located near a National Laboratory. The company chooses Lawrence Berkeley Laboratories and relocates to Corte Madera, CA.
1979 Southwall Technologies Inc. is established in Palo Alto, CA, to commercialize Heat Mirror® transparent insulation.
1980 Heat Mirror® 88 introduced.
1983 Company name is changed to Southwall Technologies, Inc
Heat Mirror® 77 and Heat Mirror® 55 introduced.
1984 Southwall Technologies features in Fortune magazine’s 400 fastest growing companies in the U.S.
1985 Heat Mirror® 66 and Heat Mirror® 44 introduced.
1986 “Heavy Chevy”, the original van that was used to haul the company’s first laboratory equipment from MIT to California, is declared a “Southwall Technologies Historic Vehicle”.
1987 Southwall IPO on NASDAQ June 5 (Symbol: SWTX).
1988 Heat Mirror® 22 and Heat Mirror® 33 introduced.
1989 Heat Mirror® with XUV fading protection is introduced and named “Technology of the Year” by the Association of Industrial Metalizers, Coaters, and Laminators (AIMCAL).
1990 Southwall introduces the double-film, krypton-filled Superglass® System.
Popular Science magazine chooses Superglass® as Best of What’s New (December).
Architecture magazine features Southwall for its innovations in window technology.
1991 Door & Window magazine recognizes Southwall with the Diamond Crystal Industry Achievement Award for its contributions to energy conservation.
Southwall’s contribution energy conservation also featured by ABC-TV, CNN and The National Audubon Society.
Silver Reflector film introduced to increase brightness in new and retrofit Fluorescent light fixtures, reducing commercial building energy consumption.
1992 California Series® laminated glass introduced, combining solar control with high light transmittance and low visible reflectivity.
HeatSeal® foam spacer introduced.
XIR® 75 solar reflective film for laminated automotive glass introduced.
1993 Heat Mirror® TC88 and Heat Mirror® SC75 introduced.
Agreement with Pilkington Flachglas Automotive to develop XIR® film.
1994 Solis® Clear Heat Control film introduced. Solis is a transparent polyester film that is applied directly to windows to block approximately half of the sun’s heat and virtually all of the damaging ultraviolet radiation.
1995 Heat Mirror® film is featured on This Old House television series.
Popular Science magazine chooses Heat Mirror® TC88 as the Best of What’s New (December).
Begin supplying SONY with anti-reflective film coatings for CRT monitors.
1996 Agreement with Saint Gobain Sekurit to develop XIR® Laminated.
Heat Mirror TC 88 featured in McDonald’s restaurant in Bay Point, CA, designed as a model for energy efficiency. Expected to yield a 25% reduction in electricity consumption.
1997 Southwall architectural products featured on American Environmental Review television show.
Audi and Renault are first to commercialize XIR® infrared reflecting film into automotive glass.
1998 Southwall featured on 21st Century Home television show.
Superglass® Quad introduced.
Mercedes Benz S-Class automobile features XIR® films throughout the car.
1999 Popular Science chooses Southwall Heat Mirror® film as one of the 100 Top Inventions of the Millennium.
Southwall products featured on KPIX Channel 5 and KNTV Channel 11 news.
2000 Southwall Europe GmbH established near Dresden, Germany.
Begin XIR® film production for growing European automotive market.
2001 PDX 2.4 film introduced for “Class A” EMI shielding and NIR blocking in plasma display filters.
2002 Silver Reflector film introduced for Notebook PC and LCD monitor backlights.
2003 PDX 1.5 film introduced for “Class B” EMI shielding and NIR blocking in plasma display filters .
2004 Southwall celebrates its 25th anniversary.
2005 PDX 1.0 film introduced for “Class B” EMI shielding and NIR blocking in plasma display filters.
2007 Launched new generation of V-Kool applied window films for architectural applications.
2008 Launched Heat Mirror "S" film for commercial green building projects.
Established high-performance glass manufacturing joint venture in Chicago, Southwall Insulating Glass.
Heat Mirror voted year's Best Green Building Product by readers of ARCHI-TECH magazine.
2009 Southwall supplies Heat Mirror insulating glass for Owens Corning INNOVISION family of fiberglass windows.
Southwall celebrates 30th anniversary.
2010 Heat Mirror film selected as key enabling technology for the Empire State Building energy efficiency retrofit project.
Southwall acquires controlling interest in insulating glass joint venture.
Southwall awarded $1.4M from DOE to develop enabling technology for cost-effective, super-insulating R-10 windows.
Our three largest customers in the automotive glass and window film market, and architectural glass markets include: Saint Gobain Sekurit, Pilkington PLC and Solutia Inc., formerly GlobaMatrix Holdings Pte. Ltd., which collectively accounted for approximately 72% and 64% of our total revenues during the first six months of 2010 and 2009, respectively.
Where do our revenue's come form?
Three months ended Six months ended
June 30, 2010 June 30, 2009 June 30, 2010 June 30, 2009
Europe $ 5,252 $ 3,545 $ 9,610 $ 6,494
Asia Pacific 4,298 2,063 8,890 3,460
United States 1,830 2,148 2,723 3,592
Rest of the world 410 578 1,048 1,284
Total net revenues $ 11,790 $ 8,334 $ 22,271 $ 14,830
Empire State Manager Fuels Energy Debate
Malkin Hopes 'Green' Improvements Help Him Lease
By ANTON TROIANOVSKI
Panel discussions on building energy efficiency tend to be low-key affairs. But that was before Anthony Malkin, who runs the Empire State Building, entered the fray.
At a panel discussion put on by a real-estate think tank earlier this summer, Mr. Malkin called it "outrageous" and "a crime" that a popular benchmark for the environmental sustainability of existing buildings didn't do enough to push landlords to improve energy efficiency.
View Full Image
Benjamin Norman for The Wall Street Journal
Anthony Malkin spent about $100 million to improve the efficiency of the Empire State Building's windows, systems and other infrastructure. He's hoping the investment will save energy and attract tenants.
He added, to some applause: "I'd go further and say it's bull—."
Mr. Malkin, a New York City real-estate scion well known for skirmishes over whom he honors with the Empire State Building's lights, is becoming a vocal player in a different world: the green-building movement.
Mr. Malkin insists green-building advocates and governments aren't doing enough to reward landlords who spend money to make their real estate more energy-efficient. Office building landlords should be required to disclose energy consumption in the same way that auto makers must publicize how many miles their cars get to the gallon. He's being partly driven by his concern that the U.S. uses too much energy. In his panel remarks, he warned that if the rest of the world follows this country's energy consumption model, "We're all going to die and we'll go to war along the way."
Mr. Malkin has a clear financial incentive to make people—particularly prospective tenants—more conscious about energy efficiency. As part of a long-planned $550 million renovation of the Empire State Building in recent years, Mr. Malkin spent about $100 million to improve the efficiency of the Empire State Building's windows, systems and other infrastructure.
Now he's hoping the investment in efficiency—which he says will save $4.4 million a year in energy but cost only $13.2 million more than the renovation would have otherwise cost—will, along with the attendant publicity, help him lease space in the 79-year-old skyscraper.
Success is by no means assured. In one of the worst office markets in decades, about 25% of the Empire State Building's 2.8 million square feet is up for lease. "This is about money and this is about energy," Mr. Malkin says. "The better-credit tenants are focused on this issue of energy efficiency from a bottom-line, profits-and-loss perspective."
Pane by Pane, Empire State Building Goes Green
As part of a massive renovation, one of New York City's most iconic buildings is upgrading all 6,514 of its windows into energy-efficient units. All the work takes place on site in a cramped office-turned-workshop on the fifth floor.
Mr. Malkin's vocal stance comes as building owners are increasingly using environmental features to attract tenants. Features like solar panels, low- flush toilets, rainwater recycling, state-of-the-art windows are being touted as ways to save energy—and money—as well as to do the right thing for the planet. Brokers say the push is catching on with tenants.
Mr. Malkin is wading into a debate about a high-profile ranking program devised by the U.S. Green Building Council that gives buildings grades—like platinum, gold and silver—for how environmentally friendly they are. Mr. Malkin says the program—known as LEED for Leadership in Energy and Environmental Design—in its version for existing buildings gives too much weight to non-energy features, like bike racks, and not enough to building elements that cut down on energy usage, like smart lighting systems.
The Empire State Building would qualify for a gold LEED certificate, Mr. Malkin says, adding that he hasn't decided whether he wants to pursue it. He says the skyscraper would qualify for a higher platinum grade if he had spent $4.5 million to put plants on its set-backs. "Green building practices have become divorced from energy efficiency," Mr. Malkin said at the Urban Land Institute panel.
The council responds that much of the program's value comes in getting as many landlords as possible interested in improving the environment. "Making it a discussion simply about energy I think is shortsighted," said Al Skodowski, an executive at commercial-property-services firm Transwestern and a Green Building Council board member. "The focus has to be, how do we make the program so that everybody can participate in it?"
Mr. Malkin's positions also put him at odds with many of his colleagues in the real-estate business. He advocates more government oversight of building energy use. Other landlords are wary of more government involvement.
"We certainly would prefer voluntary standards," said Dennis Oklak, chief executive of Duke Realty Corp., a publicly traded real estate company, and co-chairman of the sustainability policy committee of industry group Real Estate Roundtable. "It's going to be really very, very difficult to put a one-size-fits-all proposition out there to make it mandatory to achieve certain levels in buildings."
Mr. Malkin, president of Malkin Holdings LLC, is the son of Peter Malkin and the grandson of Lawrence Wien who worked closely with the late real-estate mogul Harry Helmsley. Much of the Malkin family's real-estate empire consists of stakes in the pre-World War II office buildings they purchased during that era. After Mr. Helmsley's death in 1997, his widow, Leona Helmsley, for years fought with Peter Malkin and others over control of the Empire State Building. Mrs. Helmsley died in 2007 and the skyscraper is now managed by Anthony Malkin.
Mr. Malkin says he now plans to implement a similar energy-efficiency program in the remaining 7.25 million square feet of office space he manages in the New York area.
King Kong’s Perch Goes Green for $20M as Earth Roasts: Review
August 30, 2010, 12:07 AM EDT
By James S. Russell
Aug. 30 (Bloomberg) -- The first stop on my tour of New York’s Empire State Building was not the observatory rising high atop the 102nd floor, but a window factory on the fifth.
Here, a “green-collar” workforce of 40 strips old windows out of their frames, hangs a new heat-reflecting film between two panes of glass, putties sealant along the edges, and pops them back in the cleaned old frames.
Soon all 80 rentable floors will have the new energy efficient windows as part of a $550 million overhaul. Anthony E. Malkin, president of Malkin Holdings, has presided over the project since the company took over the building from Helmsley- Spear, Inc. in 2006.
So far Malkin, 48, has restored the marble walls and silver leaf ceiling of the soaring lobby, renewed the observatory, and waterproofed the entire limestone exterior.
He expects a 38 percent energy savings when he’s done in 2013, he yells over the din. The energy retrofit cost $20 million.
Perhaps a few cowardly members of Congress could stop by the Empire State building to see how Malkin has created jobs. His project is proof that reducing energy and carbon emissions is good for the bottom line.
Clinton Initiative
Malkin partnered with the Clinton Climate Initiative, founded by former president Bill Clinton, which puts together teams to tackle global-warming challenges. The Initiative brought in the Rocky Mountain Institute (an environmental think tank based in Aspen, Colorado) and real-estate advisors Jones Lang LaSalle.
Over several months the team considered dozens of ideas, and Malkin has gone ahead with those that best balanced cash- flow, energy savings, and greenhouse-gas reduction. Another partner, Johnson Controls, which makes thermostats and building- management systems, guarantees the energy performance.
Malkin hopes the Empire State project will become a model for other retrofits. “We can make an impact because the Empire State is such a large and iconic presence,” Malkin said. “Only 20 percent of New York City buildings use 64 percent of the city’s energy.”
Infrared scans showed that the windows, though replaced as recently as 1992, leaked heat. After looking at a variety of possibilities, the Rocky Mountain Institute proposed retrofitting the frames, which remained in good condition, while replacing the glass units with highly insulating ones.
$200 Per Window
Malkin found it less expensive to hire a company called Serious Materials to redo all 6,500 windows in-house. “I can make them here for $200 or so each,” he said, compared to high- tech new windows costing thousands each.
The tower’s architecture helped, too. Original architects Shreve Lamb and Harmon calibrated setbacks and recesses to capture daylight and breezes because air conditioning would not become universal for more than two decades.
I toured space rented by the Skanska building-construction firm, and a model prebuilt office. Both restore the glorious, light-filled interiors -- and take advantage of their energy- conserving potential.
The green branding attracts other environment concerned tenants, like the World Monuments Fund, which is moving in.
Daylight Savings
Thanks to high ceilings, daylight alone is ample to light workspace most of the time. People can open windows when weather permits.
(Unfortunately, those facing west may some day be staring at 15 Penn Plaza, a 1,200-foot hulk almost as tall and far bulkier than the Empire State. Last week, the City Council voted to let the project move forward.)
Malkin found he could entirely forgo a planned expansion of the building’s cooling capacity, saving $7 million. He’ll lop $4.4-million annually off his utility bill, he said. And the monument won’t be generating a minimum of 105,000 metric tons of CO2 over the next 15 years. He’ll amortize his investment in just a few years.
Climate-change legislation could have included incentives that would have allowed him to invest more, Malkin said.
Innovative measures are already going mainstream outside the U. S. in countries that take energy conservation seriously. They will own those technologies and create those jobs.
We’ll be buying bigger air conditioners to keep ourselves from frying during our long, hotter summers.
--Editors: Manuela Hoelterhoff, Jeremy Gerard.
Southwall Technologies` Q2 Profits Increase On Growing Product Demand
Southwall Technologies (OTC: SWTX), a California-based manufacturer of insulating glass, saw revenue and profits increase during the second quarter due to rising demand for higher energy efficiency products.
For Q2 2010, the company earned $2.9 million, or $0.08 per diluted share, on revenues of $11.8 million compared to $1.4 million, or $0.04 per diluted share, on revenues of $8.3 million in the comparable period of 2009.
Also during the second quarter, the company increased its ownership in Southwall Insulating Glass, a Chicago-based joint venture that manufactures insulating glass, from 66% to 75%.
In June, the company received a $1.4 million grant from the US Department of Energy to help commercialize its Heat Mirror R10 windows, a glass technology that provides insulation and ehnances energy efficiency in the process.
Southwall`s Heat Mirror products have been chosen to retrofit all 65,000 mirrors of the Empire State Building.
According to the Department of Energy, the 114 million homes and 74 million square feet of commercial floor space in the US account for 40% of the nation`s total energy consumption and 39% of total carbon dioxide emissions.
Empire State Building Goes Green, One Window at a Time
August 16, 2010, 4:37 PM ET
Maya Pope-Chappell for The Wall Street Journal
A fifth floor space inside the Empire State Building has been transformed into a cramped window-making workshop.By David Roth
How does a Depression-era skyscraper go green? For the Empire State Building, which is in the middle of $550 million renovation that includes about $100 million in energy-efficient upgrades, all 6,514 windows must be replaced. And that’s no easy task.
As The Journal’s Anton Troianovski reports, the greening of the iconic 79-year-old tower has become a platform for Anthony Malkin, the real-estate scion who runs the building, to criticize as insufficient popular programs for assessing the environmental sustainability of buildings. If the world follows the U.S. lead on energy use, he told the audience at a real-estate panel earlier this summer, “We’re all going to die and we’ll go to war along the way.”
For the Empire State Building’s windows, Malkin brought in Serious Materials to handle a pane-by-pane upgrade. The Silicon Valley-based building materials company is transforming the old, inefficient windows into “super-insulating” units, a sort of glass sandwich that combines the existing panes with a mixture of inert gases and film. The finished product is a window anywhere from 250% to 400% more efficient than the windows they replace, according to the company.
“Dirty little secret: double-pane windows aren’t all that efficient,” says Serious Materials CEO Kevin Surace.
The replacement windows, which use what Surace calls a “suspended film system,” break up the convection current between the inside and outside of a building. That means less heat sneaks in through the windows on hot days when the air-conditioning is running, and warm air from inside has a harder time leaking out when it’s cold outside.
The team of workers tasked with the window upgrade spend their days removing, cleaning and re-fabricating the building’s 12-year-old double-pane windows. The process, which began in March and is expected to run until October, is projected to reduce solar heat gain by more than half and save $400,000 each year in energy costs.
The window work is being done on site, in an office-turned-workshop on the Empire State Building’s fifth floor. Malkin estimates that keeping the process in-house saves $2,300 per window. The Serious Materials workspace buzzes between 7 a.m. and 2 a.m., processing 75 windows per day in a space roughly the size of a Manhattan apartment. The room is so snug that engineers for the project had to shrink some of their equipment to fit in the space.
Keeping the workshop on site ensures the windows are out of their frames for just about 20 hours before the upgraded window is ready. The process is designed to keep waste at a minimum: just 4% of the building’s existing windows are being discarded, and only the gasket surrounding the original windows winds up in the trash.
Workers remove the windows from office spaces at night and bring them downstairs to the workshop. Once there, the windows are removed from their frames and peeled apart like Oreo cookies before being cleaned. The first cleaning is manual, using razor blades and pumices, followed by a wash with a chemical solution and finally water.
The deconstructed windows are then fitted with new steel spacers, treated with a metallized film and baked flat in an oven at 205 degrees. The windows are then sealed with a mixture of Kyrpton and Argon gas. Finally, the upgraded windows are put back — with the help of careful but firm malleting — into their original aluminum frames.
The on-site re-use and refabrication of the Empire State Building’s windows is unprecedented on a project of this size. But Paul Rode, the project executive from Johnson Controls Inc. who is overseeing the retrofit, believes it could become a popular model in the industry. “I’m never waiting for product. If a problem ever comes up, we don’t have to call someplace that’s 500 miles away,” he says. “Logistically, that’s just what you want in the construction business.”
On August 23, 2010, Crown International Acquisition Company, LLC, a wholly owned subsidiary of Southwall Technologies Inc., pursuant to a court sale order, entered into an agreement to purchase the operating assets of Crown Operations International, LTD. Under the terms of the order and the agreement, Crown International Acquisition Company, LLC agreed to purchase certain specified assets of Crown Operations International, LTD for approximately $3,305,000. Crown Operations International, LTD is an interlayer converting and laminating facility. The assets to be purchased include a 23,000 sq ft manufacturing facility, situated on 4 acres of land, and converting equipment located in Sun Prairie, Wisconsin. Under the terms of the order and the agreement, the purchase is expected to be completed on or about August 30, 2010.
Southwall Announces 2010 Second Quarter Results
Southwall Technolgies (BB) (OTCBB:SWTX)
Southwall Technologies Inc. (OTCBB: SWTX) announced second quarter 2010 revenue of $11.8 million, an increase of 42% from second quarter 2009 revenues of $8.3 million, and up approximately 13% from first quarter 2010 revenues of $10.5 million. Revenues for the six month period ended June 30, 2010 were $22.3 million, an increase of 51% compared to $14.8 for the six months ended June 30, 2009. The year over year increase reflects the improving economy and increasing demand for higher energy efficiency products across our primary markets.
Gross profit for the second quarter 2010 was $5.9 million, an increase of 59% from second quarter 2009 gross profit of $3.7 million. For the six months ended June 30, 2010, gross profit increased 74% to $10.6 million compared to $6.1 million for the same period in 2009. The year over year increase is primarily due to higher sales volume, improved production efficiencies and higher plant utilization resulting in more effective absorption of fixed manufacturing costs as a percentage of sales.
Second quarter 2010 net income was $2.9 million, or $0.08 per fully diluted share, as compared with net income for the second quarter 2009 of $1.4 million, or $0.04 per fully diluted share. Net income for the quarter ended June 30, 2010 included approximately $0.7 million, or $0.02 per fully diluted share, after tax gain relating to the acquisition of the controlling interest in Southwall Insulating Glass, LLC. Net Income for the first half of 2010 was $4.1 million, up 17% from the net income earned for the first six months of 2009.
During the second quarter, Southwall Technologies increased its ownership in Southwall Insulating Glass, LLC from 66.3% to 75% and obtained the controlling interest in that operation. Southwall Insulating Glass’ main operations are located in Chicago, Illinois.
“The Heat Mirror energy retrofit of the Empire State Building, the receipt of a $1.4 million stimulus grant from the US Department of Energy, and securing a controlling interest in our insulating glass manufacturing joint venture are highlights of our increasing momentum and commitment to green building innovation. We remain committed to accelerated investment in longer-term growth initiatives,” said Dennis Capovilla, Chief Executive Officer.
I agree but i don't like the new promo's I've been seeing, hopefully it is just for some exposure...
SWTX notable is how well this stock untarnished in this mass 15%+ drop in overall market.
Southwall Awarded $1.4 Million from Department of Energy to Make Homes and Buildings More Energy Efficient
Next-Generation Heat Mirror® Suspended Film and Multi-Cavity Insulating Glass Technology to Help Commercialize R-10 Windows
Press Release Source: Southwall Technologies Inc. On Wednesday June 23, 2010, 9:20 am
PALO ALTO, Calif.--(BUSINESS WIRE)--Southwall Technologies Inc., (OTCBB:SWTX - News), the worldwide innovator of high performance, energy-saving films and glass products, has been awarded a $1.43 million stimulus grant from the US Department of Energy (DOE) to develop advanced technologies aimed at making homes and buildings more energy efficient. Southwall will use the funding to accelerate development of higher performance and lower cost Heat Mirror low-emissivity and solar-reflective films and multi-cavity, suspended-film insulating glass technology to enable the broad commercialization of “super-insulating” R-10 windows.
According to DOE, the nation’s 114 million homes and 74 million square feet of commercial floor space account for 40 percent of US total energy consumption and 39 percent of total carbon dioxide emissions. Because windows are the energy-efficiency weak link in homes and buildings, DOE is focusing grant funding on the development of innovative technologies that can create energy-saving windows that insulate like walls.
“The designation of Southwall as a DOE grant recipient recognizes our leadership in developing lightweight, multi-cavity insulating glass technology that promises to drive the performance of a new generation of cost-effective and energy-efficient windows,” said Dennis Capovilla, Southwall chief executive officer. “We are pleased that DOE is working closely with industry to accelerate disruptive technology innovation that can dramatically reduce our nation’s energy use.”
Southwall is one of seven California-based companies, including National Semiconductor and Applied Materials, to receive a coveted DOE grant for advanced energy-efficient building technology projects.
About Heat Mirror Suspended Film Technology
Heat Mirror insulating glass is a superior multi-cavity solution that suspends one or more low-emissivity and solar-reflective Heat Mirror films inside of an insulating glass unit to create two, three or even four insulating cavities without adding weight. This innovative approach enables window fabricators to offer higher performance glass options for their existing window systems today as well as for next-generation window systems in development. Heat Mirror suspended film technology combines the best of film-based and glass-based technologies to create the industry's first "super glass" that enables a new generation of cost-effective R-10 windows. Southwall's Heat Mirror® suspended-film insulating glass has been selected to be retrofitted into all 6,500 windows in New York’s Empire State Building as a leading component of a major energy efficiency upgrade.
About Southwall Technologies
Southwall Technologies Inc. is recognized as a leader in the development and manufacture of high performance, energy-saving films and glass products that dramatically improve the energy efficiency of residential, commercial and automotive glass. Southwall is an ISO 9001:2000-certified manufacturer with customers in over 25 countries.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6337895&lang=en
Heat Mirror Insulating Glass Uses Advanced, Suspended Film Technology To Create Multiple Insulating Cavities That Provide Superior Energy Efficiency For Today's Demanding Green Building Projects. (Photo: Business Wire)
By Business Wire 06/10/10 - 09:15 AM EDT
Southwall Technologies Inc. (OTCBB:SWTX), the leading innovator of energy-saving films and glass products that dramatically improve the energy efficiency of buildings, homes and vehicles, strengthened its position in the fast-growing green building market with the acquisition of a 70% majority interest in Chicago-based Southwall Insulating Glass. Ron Spielman, president of Sound Solutions Windows & Doors, will remain a partner and continue to contribute his extensive glass and window industry expertise to the venture.
More on Press Releases
Spectra Energy Announces Plans For New Processing Plant To Meet The Needs Of Montney ProducersRedChip Visibility Initiates Research Coverage On China Electric MotorFIRST® Names JCPenney As A Strategic Partner; JCPenney Chairman And CEO Appointed To FIRST Board Of DirectorsTootie Pie Kicks Up Its Heels At Toby Keith’s “I Love This Bar & Grill”The Hartford Income Shares Fund, Inc. Declares Monthly Income DividendSunovia Wins Sarasota Chamber Of Commerce Small Business Award For Second Straight YearSideways Releases First On-Device IPad MagazineIt's Time To Transform School LunchesXOJET Installing Aircell High Speed Internet On Entire Fleet Under The 'Why Fly Without Wi-Fi !' InitiativeArmy Experience Center Test Program Ends July 31Market Activity
Southwall Technologies| SWTX DOWNThe acquisition enables Southwall to accelerate the automated production of Heat Mirror insulating glass, improving cost-competitiveness and broadening adoption of the innovative energy-saving glass technology selected by Popular Science magazine as one of the top 100 inventions of the millennium. The move exemplifies the company’s continued focus on investing in strategic innovation that can help it meet the growing demand for improved window energy efficiency, such as required by the Department of Energy’s recently introduced Highly Efficient (R-5) Windows Volume Purchase Program.
“We established the joint venture 24 months ago to directly address the challenge of manufacturing high performance Heat Mirror insulating glass at volume,” said Dennis Capovilla, Southwall chief executive officer. “As the market increasingly demands higher energy efficiency performance that can no longer be achieved with dual-pane insulating glass technology, this acquisition positions Southwall to drive broad market adoption of higher performing Heat Mirror suspended-film technology.”
“The selection of Heat Mirror insulating glass by established brands such as Owens Corning and in landmark projects such as the Empire State Building energy efficiency retrofit has helped validate green building as a potential high growth market for Southwall. Coupled with the solid progress that we have made on key process automation projects, the timing was right to accelerate our investment in making Heat Mirror insulating glass suitable for high-volume production.”
About Heat Mirror Suspended Film Technology
Heat Mirror insulating glass is a superior multi-cavity solution that suspends one or more low-emissivity and solar-reflective Heat Mirror films inside of an insulating glass unit to create two, three or even four insulating cavities without adding weight. This innovative approach enables window fabricators to offer higher performance glass options for their existing window systems today as well as for next-generation window systems in development. Heat Mirror suspended film technology combines the best of film-based and glass-based technologies to create the industry's first "super glass" with center-of-glass insulating performance ranging from R-6 to R-20 while minimizing solar heat gain and blocking UV radiation.
More on Press Releases
Spectra Energy Announces Plans For New Processing Plant To Meet The Needs Of Montney ProducersRedChip Visibility Initiates Research Coverage On China Electric MotorFIRST® Names JCPenney As A Strategic Partner; JCPenney Chairman And CEO Appointed To FIRST Board Of DirectorsTootie Pie Kicks Up Its Heels At Toby Keith’s “I Love This Bar & Grill”The Hartford Income Shares Fund, Inc. Declares Monthly Income DividendSunovia Wins Sarasota Chamber Of Commerce Small Business Award For Second Straight YearSideways Releases First On-Device IPad MagazineIt's Time To Transform School LunchesXOJET Installing Aircell High Speed Internet On Entire Fleet Under The 'Why Fly Without Wi-Fi !' InitiativeArmy Experience Center Test Program Ends July 31Market Activity
Southwall Technologies| SWTX DOWNSouthwall Technologies Inc. is recognized as a leader in the development and manufacture of high performance, energy-saving films and glass products that dramatically improve the energy efficiency of residential, commercial and automotive glass. Southwall is an ISO 9001:2000-certified manufacturer with customers in over 25 countries.
Followers
|
8
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
324
|
Created
|
12/31/04
|
Type
|
Free
|
Moderators |
Southwall Technologies is all about Energy - Conserving, Controlling & Creating. Southwall is recognized worldwide as the leading innovator in the development and manufacture of high performance, energy-saving films and glass products.
As of August 2, 2010, there were 28,831,089 shares of the registrant's Common Stock outstanding.
As of July 31, 2009, there were 28,709,222 shares of the registrant's Common Stock outstanding.
http://www.southwall.com
Media
http://www.southwall.com/southwall/Home/NewsEvents/Media.html
Innovision Window Advantages made by Owens Corning
Innovision windows come standard with a high performance low-E, argon filled, double-pane insulated glass system complemented by three optional glass packages designed for early morning sun, all-day sun or intense heat exposure, and include multiple low-E coatings, inert gas and solar-reflective Heat Mirror(TM) film from Southwall Technologies. Innovision window dealers are trained on directional solar tuning to help buyers select the right window and the right glass for their specific exposures for maximum comfort and energy efficiency all day, every day.
1974 | The Massachusetts Institute of Technology (MIT) obtains National Science Foundation funding and starts the School of Architecture Solar Energy Laboratory. |
1976 | The founding group incorporates as Suntek and applies to the Energy Research and Development Administration (ERDA) for direct funding. As a condition for the contract, Suntek must be located near a National Laboratory. The company chooses Lawrence Berkeley Laboratories and relocates to Corte Madera, CA. |
1979 | Southwall Technologies Inc. is established in Palo Alto, CA, to commercialize Heat Mirror® transparent insulation. |
1980 | Heat Mirror® 88 introduced. |
1983 | Company name is changed to Southwall Technologies, Inc Heat Mirror® 77 and Heat Mirror® 55 introduced. |
1984 | Southwall Technologies features in Fortune magazine’s 400 fastest growing companies in the U.S. |
1985 | Heat Mirror® 66 and Heat Mirror® 44 introduced. |
1986 | “Heavy Chevy”, the original van that was used to haul the company’s first laboratory equipment from MIT to California, is declared a “Southwall Technologies Historic Vehicle”. |
1987 | Southwall IPO on NASDAQ June 5 (Symbol: SWTX). |
1988 | Heat Mirror® 22 and Heat Mirror® 33 introduced. |
1989 | Heat Mirror® with XUV fading protection is introduced and named “Technology of the Year” by the Association of Industrial Metalizers, Coaters, and Laminators (AIMCAL). |
1990 | Southwall introduces the double-film, krypton-filled Superglass® System. Popular Science magazine chooses Superglass® as Best of What’s New (December). Architecture magazine features Southwall for its innovations in window technology. |
1991 | Door & Window magazine recognizes Southwall with the Diamond Crystal Industry Achievement Award for its contributions to energy conservation. Southwall’s contribution energy conservation also featured by ABC-TV, CNN and The National Audubon Society. Silver Reflector film introduced to increase brightness in new and retrofit Fluorescent light fixtures, reducing commercial building energy consumption. |
1992 | California Series® laminated glass introduced, combining solar control with high light transmittance and low visible reflectivity. HeatSeal® foam spacer introduced. XIR® 75 solar reflective film for laminated automotive glass introduced. |
1993 | Heat Mirror® TC88 and Heat Mirror® SC75 introduced. Agreement with Pilkington Flachglas Automotive to develop XIR® film. |
1994 | Solis® Clear Heat Control film introduced. Solis is a transparent polyester film that is applied directly to windows to block approximately half of the sun’s heat and virtually all of the damaging ultraviolet radiation. |
1995 | Heat Mirror® film is featured on This Old House television series. Popular Science magazine chooses Heat Mirror® TC88 as the Best of What’s New (December). Begin supplying SONY with anti-reflective film coatings for CRT monitors. |
1996 | Agreement with Saint Gobain Sekurit to develop XIR® Laminated. Heat Mirror TC 88 featured in McDonald’s restaurant in Bay Point, CA, designed as a model for energy efficiency. Expected to yield a 25% reduction in electricity consumption. |
1997 | Southwall architectural products featured on American Environmental Review television show. Audi and Renault are first to commercialize XIR® infrared reflecting film into automotive glass. |
1998 | Southwall featured on 21st Century Home television show. Superglass® Quad introduced. Mercedes Benz S-Class automobile features XIR® films throughout the car. |
1999 | Popular Science chooses Southwall Heat Mirror® film as one of the 100 Top Inventions of the Millennium. Southwall products featured on KPIX Channel 5 and KNTV Channel 11 news. |
2000 | Southwall Europe GmbH established near Dresden, Germany. Begin XIR® film production for growing European automotive market. |
2001 | PDX 2.4 film introduced for “Class A” EMI shielding and NIR blocking in plasma display filters. |
2002 | Silver Reflector film introduced for Notebook PC and LCD monitor backlights. |
2003 | PDX 1.5 film introduced for “Class B” EMI shielding and NIR blocking in plasma display filters . |
2004 | Southwall celebrates its 25th anniversary. |
2005 | PDX 1.0 film introduced for “Class B” EMI shielding and NIR blocking in plasma display filters. |
2007 | Launched new generation of V-Kool applied window films for architectural applications. |
2008 | Launched Heat Mirror "S" film for commercial green building projects. Established high-performance glass manufacturing joint venture in Chicago, Southwall Insulating Glass. Heat Mirror voted year's Best Green Building Product by readers of ARCHI-TECH magazine. |
2009 | Southwall supplies Heat Mirror insulating glass for Owens Corning INNOVISION family of fiberglass windows. Southwall celebrates 30th anniversary. |
2010 | Heat Mirror film selected as key enabling technology for the Empire State Building energy efficiency retrofit project. Southwall acquires controlling interest in insulating glass joint venture. Southwall awarded $1.4M from DOE to develop enabling technology for cost-effective, super-insulating R-10 windows. |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |