Welcome to our dedicated page for Research Frontiers news (Ticker: REFR), a resource for investors and traders seeking the latest updates and insights on Research Frontiers stock.
Introduction
Research Frontiers Inc (symbol: REFR) is a technology innovator specializing in smartglass solutions through its patented suspended particle device (SPD) technology. The company develops, markets, and licenses this innovative light-control system that uses nano-scale particles to modulate light transmission, meeting the demands of diverse sectors including automotive, architecture, aviation, marine, and display applications.
Technology and Operations
At its core, Research Frontiers Inc. has built an infrastructure of over 40 licensees globally, each capable of delivering end-products that incorporate the SPD-Smart chemical emulsion. The technology operates on a simple yet sophisticated principle: when no voltage is applied, the nano-scale rod-like particles are randomly dispersed, blocking and absorbing light; when voltage is applied, they align to allow light passage. This ability to precisely control light and heat flux enables significant enhancements in energy efficiency and user comfort in a range of applications.
Business Model and Revenue Streams
The company uses a licensing-based revenue model, partnering with manufacturers who produce and apply its light-control films, panels, and integrated electronic systems. By licensing its proprietary technology, Research Frontiers Inc. enables its partners to deliver innovative products while securing a steady stream of royalties. This business model allows for scalability and broad market reach, positioning the company as an essential technology provider in the advanced materials sector.
Market Applications and Competitive Position
The versatility of SPD technology ensures its application across various industries. In the automotive sector, its smartglass products enhance vehicle aesthetics and interior comfort. In building construction, the ability to adjust light transmission improves energy efficiency and occupant well-being. Additionally, the technology is applicable in aircraft and marine settings, where glare reduction and thermal regulation are critical. Throughout these applications, Research Frontiers Inc. maintains a competitive stance by focusing on precise light modulation, operational reliability, and robust integration support to its network of licensees.
Industry Significance and Technical Expertise
Research Frontiers Inc. stands out due to its deep technical knowledge in smartglass technology, advanced material science, and optical modulation. The company leverages state-of-the-art technological processes and rigorous quality standards to ensure its products meet stringent performance requirements. The integration of nanotechnology into practical light-control solutions demonstrates a high level of expertise and an innovative approach to solving real-world challenges in energy management and visual comfort.
Applications and End-User Benefits
By offering innovative solutions that are adaptable to a wide range of environments, the company provides significant benefits including:
- Adaptive Light Control: Tailors light transmission to current conditions, reducing glare and unwanted heat.
- Energy Efficiency: Helps lower energy consumption by reducing the reliance on artificial cooling systems.
- User Comfort: Enhances indoor comfort by controlling light levels tailored to individual preferences.
- Versatility: Offers integration into a diverse set of products and environments, from vehicles to high-rise buildings.
Operational Infrastructure and Licensing Ecosystem
The global network of licensees is a testament to the company’s robust and scalable business model. Each licensee is chosen for its capability to manufacture, market, and implement SPD-based solutions effectively. This licensing ecosystem not only amplifies the reach of its technology but also reinforces the company’s commitment to quality and continuous innovation in the smartglass market.
Conclusion
Research Frontiers Inc. provides a unique and technically advanced solution in the field of light management and control. With a strong foundation in innovative material science and a global network of strategic partners, the company is well-positioned within its competitive landscape. The combination of deep technological expertise, a versatile licensing model, and diverse market application ensures that stakeholders have access to high-quality, adaptive light control solutions that serve a broad spectrum of industries.
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.
WOODBURY, NY, June 13, 2022 – Research Frontiers announced the retirement of Board member William Graham Settle, effective immediately. Settle, a board member since 2020, served as Chairman of the Compensation and Stock Option Committee and contributed to the Audit, Nominating, and Governance Committees. He cited personal responsibilities and humanitarian efforts as reasons for his departure but expressed gratitude for his tenure and plans to engage with the company informally. CEO Joseph M. Harary acknowledged Settle's valuable contributions and continued support through the Advisory Board.
Research Frontiers Inc. (Nasdaq: REFR) reported a net loss of $628,348 for Q1 2022, compared to $557,307 in Q1 2021, maintaining a loss of $0.02 per share. Licensing fee income saw a slight decline due to reduced economic activity and accounting timing differences. However, the company anticipates revenue growth from new products featuring SPD-SmartGlass technology later in the year. Total expenses decreased by approximately 3%, continuing a seven-year trend of reducing costs. The company holds around $2.5 million in cash, ensuring sufficient working capital for at least 23 months.
WOODBURY, NY, May 02, 2022 - Research Frontiers Inc. (NASDAQ: REFR) will announce its Q1 2022 financial results on May 5, 2022. The company will host a conference call at 4:30 PM ET for discussion of its financial and operational performance along with recent developments. The call will be led by President & CEO Joseph M. Harary. Interested parties can join by dialing 1-888-334-5785 and submit questions via email. A replay will be available from May 6, 2022 for 90 days.
Research Frontiers Inc. (Nasdaq: REFR) reported its financial results for the fourth quarter and year ending December 31, 2021. The company saw a 52% increase in fee income from licensing, totaling $1,263,034, primarily due to one-time settlements and a special government contract. Total expenses decreased by 9%, marking the seventh consecutive year of reduced expenses. The net loss for 2021 was $1,846,352 ($0.06 per share), the lowest in 27 years. As of year-end, cash and marketable investments stood at approximately $3.0 million, ensuring operational funding for at least 22 months.
Research Frontiers Inc. (Nasdaq: REFR) announced it will release its fourth quarter and full-year 2021 financial results on March 9, 2022. A conference call will be held at 4:30 PM ET the same day, hosted by President & CEO Joseph M. Harary. Investors can dial in at 1-888-334-5785. The call will discuss the financial results and recent developments. A replay will be available on March 10, 2022 for 90 days at smartglass-ir.com.
Research Frontiers announced the acquisition of its licensee Vision Systems by its strategic investor Gauzy Ltd. following a successful $60 million Series D financing round. This consolidation enhances their market presence with international subsidiaries across six continents and over 70 distribution partners. The combined entity now boasts approximately $50 million in revenues for 2021, five manufacturing sites, and a strong patent portfolio. Their SPD-Smart film technology offers innovative solutions for automotive, architectural, and consumer electronics markets, with significant energy efficiency and comfort benefits.
Research Frontiers Inc. (Nasdaq: REFR) and Gauzy Ltd. showcased their SPD-Smart light-control technology at CES 2022, marking a significant innovation in smart city solutions. This collaboration highlights the integration of smart glass technology for enhancing mobility and comfort in urban environments. SPD-Smart film allows users to adjust glass tinting, contributing to energy savings and reduced CO2 emissions. With over 40 licensees in diverse industries, Research Frontiers is positioned for growth in the established markets of automotive and architecture.
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