Southwall Signs $1.5 Million Contract for IFS Software and Services.

Business Editors & High-Tech Writers

CHICAGO--(BUSINESS WIRE)--July 31, 2002

IFS has signed a $1.5 million contract with Southwall Technologies Inc. to provide IFS manufacturing and maintenance applications and services.

Southwall, a manufacturer of thin film coatings

"With IFS Applications(TM), we're getting an IT solution that supports both our demanding mixed-mode manufacturing requirements and our maintenance needs," said Southwall Chief Information Officer Lois Cornell.

"By fully integrating manufacturing and maintenance with our other standard business applications, we can streamline our operations and more quickly solve global business issues. Southwall will have the tools to analyze information and make more timely and thorough business decisions. Also, to ensure more rapid ROI and increase our flexibility, IFS will be hosting our IT solution."

"Southwall wanted the ability to shift manufacturing operations from one facility to another and/or to outsource some of their manufacturing," said Terje Vangbo, IFS North America president.

"The combination of IFS' component technology and our hosted solution provides them with the flexibility to quickly and easily transfer manufacturing operations to different geographic sites while reducing costs."

Southwall plans to implement IFS finance, distribution, manufacturing, sales force automation, PDM, HR, supply chain planning, and maintenance applications.

About Southwall

Southwall designs and produces technologically advanced thin film coatings that selectively absorb, reflect, or transmit electromagnetic radiation. 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.

Southwall exports advanced thin film coatings to more than 25 countries around the world for use in products manufactured by such companies as Audi, BMW, DaimlerChrysler, Renault, Peugeot-Citroen, Volvo, Saint-Gobain Sekurit, Pilkington, and Mitsubishi Electric.

About IFS

IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on Web and portal technology, offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance and human resource administration.

IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration.

A leading global business applications supplier, IFS has more than 3,200 employees, with sales in 43 countries. The company is listed on the Stockholm Stock Exchange (XSSE:IFS). More information is available at www.ifsna.com.

IFS Applications is a trademark of IFS Industrial and Financial Systems. All other referenced company or product names are trademarks or registered trademarks of their respective owners.