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Research Frontiers Inc (REFR) is at the forefront of light-control technology through its pioneering SPD-SmartGlass™. A leading developer and licensor, the company has created a robust infrastructure of over 40 licensees globally, enabling them to address the growing demand for smart glass products across various sectors, including automobiles, homes, buildings, aircraft, boats, and display applications.
The core of their technology lies in suspended particle devices (SPDs). This innovative approach involves a thin film laminate containing rod-like nano-scale particles suspended in a liquid, positioned between two glass or plastic layers. In the absence of voltage, these particles are randomly organized, blocking and absorbing light. When voltage is applied, the particles align, allowing light to pass through. By varying the voltage, the orientation of the particles is altered, regulating the tint and the amount of light transmitted. This unique feature allows SPDs to be manually or automatically tuned to control light, glare, and heat, significantly reducing the need for air conditioning.
Research Frontiers generates revenue by licensing its patented SPD technology to various companies. These partners manufacture and market the SPD-Smart chemical emulsion, produce light-control film, and create light-control panels by laminating the film. They also provide electronics to power these end-products and lamination services.
With a commitment to innovation and quality, Research Frontiers continues to make significant strides in the smart glass industry. Their ongoing projects and partnerships reflect their dedication to enhancing the functionality and efficiency of light-control technologies.
Research Frontiers (Nasdaq: REFR) showcased its SPD-SmartGlass technology at CES 2023, in collaboration with BMW and Gauzy. The BMW i VISION Dee, unveiled during the event, integrates SPD-SmartGlass into its design, revolutionizing vehicle windows with features such as shading, privacy control, and digital displays. This marks the first full implementation of smart glass across all windows in a production vehicle. The keynote featured CEO Oliver Zipse and actor Arnold Schwarzenegger, highlighting the innovative future of mobility that combines real and digital experiences.
Research Frontiers (Nasdaq: REFR) has seen increased collaboration with Gauzy, a leader in vision and light control technologies, during CES 2023 in Las Vegas. This marks Gauzy's sixth consecutive year at CES, showcasing their expanded product offerings and a new collaboration with a prominent OEM.
Innovative technologies include LCG (Light Control Glass) for vehicles and advanced driver assistance systems. Gauzy's exhibition, the largest since its inception in 2009, underscores its commitment to revolutionizing transportation and enhancing user experiences with smart glass solutions.
Research Frontiers Inc. (Nasdaq: REFR) reported third quarter financial results for the period ending September 30, 2022. Key highlights include a net loss of $483,729 ($0.02 per share), contrasting with a net income of $21,614 for the same quarter in 2021. Fee income increased year-over-year, driven by automotive and aircraft segments, despite operating expenses falling by $83,548. The company anticipates future revenue growth due to new products featuring its SPD-SmartGlass technology. As of September 30, 2022, cash and equivalents stood at approximately $4.8 million, with no debt and sufficient working capital for five years.
WOODBURY, NY, Oct. 31, 2022 - Research Frontiers (Nasdaq: REFR) will announce its third quarter 2022 financial results on November 3, 2022. A conference call led by President & CEO Joseph M. Harary is scheduled for 4:30 PM ET to review financials and recent developments. Investors can join the call by dialing 1-888-334-5785. A replay of the call will be available starting November 4, 2022, for 90 days at smartglass-ir.com.
Research Frontiers (Nasdaq: REFR) and Gauzy showcased SPD-SmartGlass technology at the NBAA-BACE show in Orlando, emphasizing its use in various transportation sectors including aerospace and marine. Vision Systems highlighted 17 aerospace, 9 marine, 9 specialty vehicle, 3 railway, and 3 recreational vehicle programs. Contracts with Tier-1 suppliers endorse Nuance and Noctis LCG brands as standard equipment. The technology provides instant tint adjustment, significantly reduces heat and glare, and enhances fuel efficiency and comfort.
Research Frontiers (Nasdaq: REFR) recently showcased its SPD-SmartGlass technology at several public events in Europe, including a debut in a sports car's sunroof. This broad introduction spans various applications including automotive and architecture. The company’s CEO emphasized the diversity in product showcases, reflecting the technology’s adaptability. SPD-SmartGlass offers instant tint adjustments, enhancing user comfort and efficiency while blocking harmful rays. Gauzy Ltd., a key partner, is positioned as a leader in smart window technologies, further driving innovation.
Research Frontiers (Nasdaq: REFR) announced a significant legislative boost for SPD-SmartGlass technology following President Biden's signing of the Dynamic Glass Act on August 16, 2022. This act provides investment tax credits aimed at accelerating the adoption of electrically-controlled variable tint glass in the architectural and automotive sectors. Research Frontiers, alongside industry partner Gauzy, aims to enhance energy efficiency and comfort in buildings and vehicles, with SPD-SmartGlass technology already used in various applications including cars and trains.
Research Frontiers (Nasdaq: REFR) reported a net loss of $741,838 ($0.02 per share) for Q2 2022, compared to a loss of $527,935 in Q2 2021. The decline in licensing fee income is attributed to lower economic activity in industries utilizing SPD-SmartGlass technology. Despite this, the company anticipates revenue growth as new products incorporating this technology, including Cadillac's Celestiq with a variable tint roof, are set to launch. As of June 30, 2022, cash equivalents stood at $1.9 million, providing operational viability for the next 24 months.
Research Frontiers (Nasdaq: REFR) announced it will release its Q2 2022 financial results on August 4, 2022. A conference call will be held at 4:30 PM ET on the same day, hosted by President and CEO Joseph M. Harary. Interested parties can join by dialing 1-888-334-5785. The call will cover financial and operational results along with recent developments. A replay of the call will be available for 90 days starting August 5, 2022.
Research Frontiers (Nasdaq: REFR) is set to play a significant role in the upcoming Cadillac CELESTIQ luxury electric vehicle, which General Motors announced will commence production after an $81 million investment in its Global Technical Center. This flagship model will feature SPD-SmartGlass, allowing occupants to control roof transparency while enhancing comfort and energy efficiency. With its patented light-control technology, Research Frontiers aims to improve electric vehicle range by 5.5% and reduce CO2 emissions. The CELESTIQ is anticipated to make its debut next month and deliveries are expected in 2023.
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