Southwall Receives Japanese Patent for XIR Coating Technology.PALO ALTO, Calif.--(BUSINESS WIRE)--Aug. 23, 1999-- Southwall Technologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SWTX) has received a patent from the Japanese Patent and Trademark Office for its XIR XIR Externally Initiated Reset XIR Xtreme Instant Rumble Clan (gaming group) (R) film products which are used to control unwanted solar heat build up in automobiles and buildings. Filed in January of 1989, this patent will expire, according to Japanese patent law Japanese patent law is based on the first-to-file principle and is mainly given force by the Patent Act (特許法 Tokkyohō) of Japan which consists of 204 articles. , in the year 2009. Southwall's XIR(R) films are used by architectural and automotive glass companies around the world to reduce the amount of uv and infrared energy transmitted through ordinary glass without adversely affecting the transmission of natural daylight or the appearance of the glass. Major original equipment manufacture (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) automobile companies are presently incorporating XIR(R) film into their vehicles in Europe, and Southwall is building a new plant in Dresden, Germany to supply these products. "Obtaining a Japanese patent for our XIR(R) film has been an exhaustive but worthwhile effort" states Thomas G. Hood, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Southwall. "We believe that every car manufactured in the world can be improved with the solar heat protection that XIR(R) films offer. Japan is critically important to our growth plans, as it is the third largest automotive market in the world, following Europe and the United States. XIR(R) films are being used by an increasing number of European auto makers, including Renault, Peugeot, Audi, Mercedes Benz, Volvo, and Opel, and we expect that Japanese companies will likewise find XIR(R) films to substantially enhance the comfort and energy efficiency of their models." About Southwall Technologies Inc. Southwall Technologies (www.southwall.com) designs and produces technologically advanced thin film coatings that selectively absorb, reflect or transmit electromagnetic radiation electromagnetic radiation, energy radiated in the form of a wave as a result of the motion of electric charges. A moving charge gives rise to a magnetic field, and if the motion is changing (accelerated), then the magnetic field varies and in turn produces an . Southwall products are used in a number of architectural, automotive and electronic products to enhance optical and thermal performance characteristics, improve user comfort and reduce energy costs. This press release may contain forward-looking statements as that term is defined in the Private Securities Reform Act of 1995, including, without limitation, statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future. All forward-looking statements included in the document are based on information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statements. The U.S. Securities and Exchange Commission has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release, which has been prepared by the Company. Further risks are detailed in the Company's filings with the Securities and Exchange Commission, including those set forth in the Company's most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . |
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