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I'm going to try to hold onto her fro a while myself...
Thanks for the efforts Mikey...this is definitely a longer hold for me.
Great info, thanks RM. em
The deal is monstrous, 50% of Owens Cornings latest line of Innovision windows has SWTX's HM88 Heat Film built into each window. SWTX already earned 11 cents a share for first 6 months of the year before this deal. OC appears to have two lines of Windows Vinyl Solace Windows and Fiberglass Innovision Windows that include SWTX HM88.
http://www.owenscorning.com/foryourhome/
Is there a reason is hasn't been PR'ed by SWTX yet? Could the deal be that big?
I can't invest here..this is a real company...hahaha thanks for the great call..
Thanks, I really think this is a great company to buy and hold, right products right time....
The share structure is practically unchanged over the last 5 years, it's a very well run undervalued little company and Owens Corning just gave us a big vote of Confidence...
The number of shares of the registrant's Common Stock outstanding on March 1, 2005 was 26,778,482.
As of July 31, 2009, there were 28,709,222 shares of the registrant's Common Stock outstanding.
In like Flynn..... SWTX now has my permission to break $2 and break it fast.
Hopefully this sales guy emails me back, I really would like to know what kind of sales they think OC might generate and what kind of deal they have set up with them...
I put the fair value for SWTX between $3.14-$6.20 per share before OC deal....no idea how much higher to raise my price targets with this new deal. OC sells a ton of windows.
This legitimizes the company imo, I think it's an extremely safe bet here... It's been a solid company for years...
Just called, everyone is in a meeting but the secretary said a pr is coming this week... And she gave me chief of sales email to get expected revenue numbers...
SWTX is a keeper!.....OC contract is HUGE.
SWTX L2 screen shot, two mm's left under $1.50's now
CNN coverage from a few years back that explain the heat window...
http://www.southwall.com/southwall/data/Science_and_Technology_Week.wmv
SWTX: Southwall showing up on OC's website, HM88 is made by Southwall, two out of the 4 new windows being sold by OC include HM88.
http://franchising.owenscorning.com/innovision/glassstyles/
Innovision™ Max
Perfect for intense heat exposures, our highest-performance packages incorporate innovative HM88, an advanced low-emissivity and solar-reflective “Heat Mirror™”** film. The Innovision™ MAX glass package consists of one LowE3663™ pane and one clear glass pane surrounding the HM88, plus your choice of standard argon or optional krypton gas for the two insulating spaces.
#
Innovision™ MaxPLUS
For all day sun exposures, the Innovision™ MAXPLUS glass package includes two LowE3663™ panes surrounding the HM88 “Heat Mirror™” film, with your choice of standard argon or option krypton gas for the insulating spaces. This option provides 1-1/8" of insulated glass and inert gases, for the ultimate in thermal performance and outside noise reduction.
** Heat Mirror is a registered trademark of Southwall Technologies.
Nice DD Rain! SWTX is a sound little comapny...
Posted by: The Rainmaker Date: Wednesday, October 07, 2009 12:17:40 AM
In reply to: None Post # of 15737
You know I looked at SWTX filings.....these otcbb's are a funny place. I see those stocks with market caps of $70 million. Next to no cash, no real revenues.
Then I look at SWTX, $1.24, 28 million shares O/S, Market cap of around $35 million.
$10 million in cash and receivables
Shareholder Equity of around 60 cents per share
Profitable selling for PE around 6
$15 million in revenue for first 6 months of 2009
Paying down their debts
Should be, it's sitting right on their website...
MWM, do you anticipate a PR tomorrow? TIA
GLTU!
I like this one a lot!
Thanks for all the great DD, MWM.........I joined you guys here.
I believe we're gonna bust through any glass ceilings put before us with this latest news.
Good luck.......
Budget
Southwall Technologies, Inc., announced the use of its heat-reflective XIR film in a glass-intensive, multi-building sports complex in Shenzhen, China, the site of the World University Games in August 2011.
The Universiade Center, a landmark green building project currently under construction at a cost of $548 million US dollars and consisting of a main sports stadium, swimming complex and multifunctional arena, will be equipped with over 35,000 square meters (380,000 square feet) of Southwall’s heat-blocking XIR laminated glass forming a dramatic series of glass crystals that will redefine the Longgang Sports New Town section of the city.
Planned to shine like three huge illuminated crystals, the Center’s design necessitated exterior glass capable of high visible light transmission, clear optical transparency and exceptional solar heat rejection to reduce air conditioning operating cost and improve spectator comfort.
Southwall’s XIR laminated glass encapsulates heat-blocking XIR film between two layers of PVB and glass. The finished product has a unique, low-reflectance appearance, allowing greater than 70% visible light transmittance while reflecting approximately 50% of ambient infrared heat.
The Shenzhen Public Works Bureau, Sports Bureau and Planning Bureau have funded the Universiade Center project and worked closely with Kaisheng Energy Saving Technology Company, the master distributor in the People’s Republic of China of Southwall’s XIR glass products. The Universiade project is the first installation of XIR laminated glass in a major sports facility.
How very little the O/S has changed in the lasy 5 years...
The number of shares of the registrant's Common Stock outstanding on March 1, 2005 was 26,778,482.
Share structure is excellent, this stock could triple and still be cheap imo...
When that news with Owens Corning gets recognized we should see a nice move...
Trades thin too, all the mm's only showing 500 share blocks
Yes, see post 58... SWTX right place right time imo!
Joined you here, what an excellent find you made on the Owens Corning deal....didn't they pass some laws about car windows needing more UV protection?
Front page of the Company's Website!
Owens Corning Selects Southwall's Heat Mirror® Insulating Glass for it new family of energy-efficient fiberglass windows
Had to pull some scratch together but thats 5K shares for me today...
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.
This news is Under OC's headlines, that is big imo!
Owens Corning(TM) Delivers First Fiberglass Window Manufactured Without Mechanical Fasteners
New Innovision(TM) Windows Offer Unparalleled Structural Integrity, Strength and Resistance to Extreme Environmental Conditions
Press Release
Source: Owens Corning
On Tuesday October 6, 2009, 9:30 am EDT
TOLEDO, Ohio, Oct. 6 /PRNewswire-FirstCall/ -- Owens Corning (NYSE: OC - News), today introduced Innovision(TM) fiberglass windows. Developed to meet the demands of extreme environments, Innovision windows feature the first fully bonded frame and sash in the industry manufactured without mechanical fasteners.
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Symbol Price Change
OC 22.25 +0.72
(Photo: http://www.newscom.com/cgi-bin/prnh/20091006/SF87621)
A high impact structural mull adhesive is injected into the frame and sash corners of Innovision windows to create a permanent, air- and water-tight joint for long term stability and reliable performance. The result is a window that:
is designed for use in residential or commercial applications.
has strong and secure corner joinery for unparalleled structural integrity.
delivers design pressure ratings of up to 142.5.
is well suited for extreme environmental conditions.
"Fiberglass represents growth in the window industry and with Innovision windows, Owens Corning is combining the power of the leader in fiberglass building science with unparalleled performance," said Todd Hall, business manager, Owens Corning Construction Services. "Innovision windows offer the energy efficiency, durability and aesthetics homeowners demand and commercial contractors require for energy efficient building renovation.
Innovision Window Advantages
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.
Innovision windows are offered in a complete range of styles and a variety of popular solid or split frame colors and five interior woodgrain options to coordinate with a multitude of different design requirements.
When used in residential replacement applications, Innovision windows are eligible for a federal income tax credit of 30 percent of the cost of the windows and doors, up to $5,000, for a possible $1,500 credit through 2010.
Innovision windows are backed by a lifetime limited, non-prorated and transferable warranty.
Innovision Windows for Your Business
Fiberglass is the fastest growing category of products in the window industry. According to a 2009 joint report by the Window & Door Manufacturers Association and the American Architectural Manufacturers Association, fiberglass windows grew more than six percent in the last year. With the combined power of differentiated fiberglass windows and the Owens Corning brand, Innovision dealers benefit from exclusive sales territories and can take advantage of Owens Corning business support and training.
For more information about Innovision windows, or to learn about becoming an exclusive dealer in your area, visit www.OCInnovision.com or call 1-800-GET-PINK(TM).
About Owens Corning
Owens Corning is a leading global producer of residential and commercial building materials, glass fiber reinforcements and engineered materials for composite systems. A Fortune 500 company for 55 consecutive years, Owens Corning is committed to driving sustainability through delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $6 billion in 2008 and about 16,500 employees in 30 countries. Additional information is available at www.owenscorning.com.
Southwall Announces Q2 2009 Results
Aug 13, 2009 8:00:00 AM
Copyright Business Wire 2009
PALO ALTO, Calif.--(BUSINESS WIRE)-- Southwall Technologies Inc. (OTCBB:SWTX) announced second quarter 2009 revenue of $8.3 million, up 28% from first quarter 2009 revenues of $6.5 million and down 39% from second quarter 2008 revenues of $13.7 million. The year over year decrease was primarily due to a significant decline in sales of automotive products and the impact of generally lower demand across all markets due to the global economic downturn.
Second quarter 2009 net income was $1.5 million, or $0.04 per diluted share, as compared to net income of $2.3 million, or $0.07 per diluted share in first quarter 2009, and $2.3 million, or $0.07 per diluted share in second quarter 2008. Net income in the second quarter of 2009 included approximately $0.5 million of other income relating to the receipt of the final milestone payment under the Technology Transfer and Services agreement with Sunfilm. The first quarter of 2009 included a $2.4 million reversal of an accrued, long term reserve resulting from the final payment of the Company's obligation under a settlement agreement.
Second quarter 2009 gross profit was $3.7 million, or 44% of net revenues, as compared $2.4 million, or 38% of net revenues, in first quarter 2009 and $5.7 million, or 42% of net revenues, in second quarter 2008. The Company posted income from operations of $0.9 million in the second quarter of 2009, as compared to $0.1 million in the first quarter 2009 and $2.8 million in the second quarter of 2008.
"While the global economic slowdown is having a visible impact on our core markets, we have reduced our debt and executed disciplined financial management to carry us through this period of financial uncertainty without compromising commitment to our key growth initiatives," said Dennis Capovilla, Southwall's President and CEO. "Despite the year over year sales decline, we have improved gross profit as we remain focused on providing our customers with a broad portfolio of high performance energy products that meet the growing global need for improved energy efficiency in green building and automotive design."
About Southwall Technologies Inc.
Southwall Technologies Inc. is recognized as an innovator in the development and manufacture of high performance, energy-saving films and glass products that dramatically improve the energy efficiency of architectural and automotive glass. Southwall is an ISO 9001:2000-certified manufacturer with customers in over 25 countries around the world, including Audi, BMW, Guardian, Peugeot-Citroen, Pilkington, Renault, Saint-Gobain Sekurit, and Volvo.
Notice the chart setting up here, Twice before when the 50 day MA crossed the 200 day MA we took off shortley after...
I'm going to sit on this one...
SWTX mentioned
Hüper Optik Expands Middle East Network To Oman
Hüper Optik International Pte Ltd announced the continuing expansion of its Middle East network by appointing Muscat based Saif Hidaib Al-Wahaibi Trading & Contracts Est. as the exclusive Country Distributor of Oman to market and distribute Hüper Optik® nano-ceramic window films.
Singapore (PRWEB) July 24, 2009 -- Hüper Optik International Pte Ltd announced the continuing expansion of its Middle East network by appointing Muscat based Saif Hidaib Al- Wahaibi Trading & Contracts Est. as the exclusive Country Distributor of Oman to market and distribute Hüper Optik® nano-ceramic window films.
Established since 1979, Saif Hidaib Al-Wahaibi Trading & Contracts Est. is a veteran in Oman's building & construction industry. Apart from importing and distributing building materials, the company also contracts, builds and renovates private and commercial buildings & offices. Leveraging on their existing wide business network, the company believes that they will be able achieve relatively faster and better success in marketing, distributing and sales of Hüper Optik window films. The company has also planned to penetrate into the automotive and marine sectors.
"We are excited about our appointment. This is a truly high value window film product and business that will bring real benefits to consumers and distribution partners. With its patented, unique multi-layered nano-ceramic construction, we are definitely going to excite and revolutionize the Omani window film market." said Mr Ibrahim Al-Wahaibi, CEO Hüper Optik Oman.
Muscat, the capital city of Oman is generally hot with temperatures soaring above 50°C in the hot season from May to September. With many car owners, home owners and business corporations looking to keep out the harsh desert heat and harmful UV rays, Hüper Optik® nano-ceramic films are able to offer excellent solar heat rejection with superb durability, lowering air-conditioning bills and fuel consumption.
"One of our key objectives in 2009 is to establish Hüper Optik® footprints aggressively in the Middle East region. We are glad to have Hüper Optik Oman onboard as our exclusive country distributor. We are confident that Mr. Ibrahim and his team will be able to grow the business, brand and market presence and lead Hüper Optik Oman to success in time to come." remarked Mr. Steven Teo, Deputy General Manager (Business Development) of Hüper Optik International.
About Hüper Optik International Pte Ltd
Hüper Optik International Pte Ltd is the world's first and advanced multilayered ceramic sputtered films. Jointly developed by Fraunhofer Institute (Germany), Southwall Technologies Inc. (USA), PSB Corporation (Singapore) and Globamatrix Holdings (Singapore), Hüper Optik® Extreme (X3) nanoceramic window films are constructed with multi layers of advanced ceramic sputtered PET, where ordinary ceramic based window films commonly available in the market only have typically one layer.
The multi layers of Hüper Optik® X3 nano-ceramic window films easily outperform single-ply conventional ceramic window films by increasing heat rejection whilst lowering Visible Light Reflectance (VLR) to levels unattainable by conventional ceramic window films.
Hüper Optik® nano-ceramic window films are 100% metal-free, 100% dyefree. The films are hence free not susceptible to de-metalizing, discoloration nor fading and are widely known to be the most durable window films capable of enduring the harshest environments, on land and at sea.
Presently, Hüper Optik® X3 nano-ceramic series of window films is patented in many countries. It is also widely represented by distributors and dealers globally.
Hüper Optik International Pte Ltd
12 Jalan Kilang Barat, #04-03
Globamatrix Building
Singapore 159354
Tel: +65-62764555
Fax: +65-2769917
Website: www.huperoptik.com
Southwall Announces World's Largest High Performance XIR(R) Glass Installation at Universiade Center in China
Heat-Reflective XIR Laminated Glass Improves Energy Efficiency and Spectator Comfort at Landmark Sports Complex
Jul 8, 2009 8:01:00 AM
Copyright Business Wire 2009
PALO ALTO, Calif.--(BUSINESS WIRE)-- Southwall Technologies, Inc. (OTCBB:SWTX), the worldwide innovator of high performance, energy-saving films and glass products, announced today the use of its heat-reflective XIR film in a glass-intensive, multi-building sports complex in Shenzhen, China, the site of the World University Games in August 2011.
The Universiade Center, a landmark green building project currently under construction at a cost of $548 million US dollars and consisting of a main sports stadium, swimming complex and multifunctional arena, will be equipped with over 35,000 square meters (380,000 square feet) of Southwall's heat-blocking XIR laminated glass forming a dramatic series of glass crystals that will redefine the Longgang Sports New Town section of the city.
"World-class structures such as the Universiade Center demand world-class, energy-efficient building components," said Dr. Yisheng Dai, Southwall's Director of Asia High Performance Architectural Sales. "We are pleased that the Chinese government and gmp, the German architectural firm responsible for the Center's design, selected XIR laminated glass to meet the demanding aesthetic and energy efficiency requirements inherent in such a landmark project."
Planned to shine like three huge illuminated crystals, the Center's design necessitated exterior glass capable of high visible light transmission, clear optical transparency and exceptional solar heat rejection to reduce air conditioning operating cost and improve spectator comfort.
"The clear solar control property of XIR laminated glass fits the design concept best," explained Mr. Ji Xu, chief representative of gmp's Shenzhen office.
Southwall's XIR laminated glass encapsulates heat-blocking XIR film between two layers of PVB and glass. The finished product has a unique, low-reflectance appearance, allowing greater than 70% visible light transmittance while reflecting approximately 50% of ambient infrared heat.
The Shenzhen Public Works Bureau, Sports Bureau and Planning Bureau have funded the Universiade Center project and worked closely with Kaisheng Energy Saving Technology Company, the master distributor in the People's Republic of China of Southwall's XIR glass products. The Universiade project is the first installation of XIR laminated glass in a major sports facility.
When completed, the Universiade Center will be capable of seating in excess of 80,000 spectators expected to observe the World University Games, an International multi-sport event, organized for university athletes by the International University Sports Federation. The cities of Kazan, Russia; Kaohsiung, Taiwan; Murcia, Spain; and Poznan, Poland were in competition with Shenzhen for the 2011 Games.
Southwall Technologies introduced Heat Mirror(R) film, the world's first low-e coated glass product in 1981, a pioneering technology recognized in 1999 by Popular Science magazine as one of the "Top 100 Inventions of the Millennium." Southwall is an ISO 9001:2000-certified manufacturer whose Heat Mirror insulating glass and XIR laminated glass are available from over 50 window and insulating glass manufacturers worldwide and are saving energy in landmark buildings on six continents.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6002378&lang=en
Grabbed some more late in the day.....really don't think the power of today's news has fully sunk in here......
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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. |
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