GMX Associates Pte Ltd. has made a substantial investment in Southwall Technologies in the form of a purchase of 422,119 shares of Southwall's common stock. The purchase price per share was based on a 15 percent premium over a trailing stock price average. GMX is a privately held company based in Singapore with several subsidiaries, including joint ventures with overseas companies as well as a Singapore government investment entity. A Southwall customer since 1993, GMX holds the exclusive worldwide rights to promote and sell solar control window film products based on Southwall's patented XIR coatings and also the patented ceramic QX coatings co-owned by Southwall and GMX. These window film products are sold under the trademarks V-KOOL and Huper Optik in 22 countries.
展开▼
