Southwall Announces Final Judgment On Shareholder Litigation

    PALO ALTO, Calif.--Sept. 19, 2001--Southwall Technologies Inc. , a leading developer, manufacturer and marketer of thin-film coatings for the automotive glass, electronic display and residential and commercial building glass markets, today announced that on Friday, September 14, 2001, the United States District Court in San Francisco entered Final Judgment approving the settlement of all shareholder claims filed against the Company in connection with the restatement of its financial results for the first quarter of fiscal 2000 and for 1999. The Company's CEO, Thomas G. Hood reported that, "as anticipated, the settlement was completed without any adverse effect on Southwall's financial position. We are pleased now to have resolved all matters arising out of the restatement so that we can focus our energies on our products, our customers, our expanding markets and our recently-renewed profitability."