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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.
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.
Research Frontiers Inc. (Nasdaq: REFR) reported third-quarter 2021 financial results, showing significant growth in licensing income. Fee income from licensing activities surged to $723,465, up from $165,628 in Q3 2020, with a nine-month total of $1,050,526 compared to $697,914. The company achieved a net profit of $21,614 for the quarter, reversing a loss from the previous year. Total expenses decreased by 11.4%, and cash reserves stand at approximately $3 million. Notable applications of SPD-SmartGlass technology include vehicles from Mercedes, McLaren, and Cadillac.
Research Frontiers Inc. (Nasdaq: REFR) will release its third quarter 2021 financial results on November 4, 2021. A conference call is scheduled for 4:30 PM ET on the same day, led by President & CEO Joseph M. Harary. The call will cover the company's financial performance, recent projects involving its SPD-SmartGlass technology in automotive, train, and architectural markets. Interested parties can dial in at 1-888-334-5785, and a replay will be available starting November 5, 2021, for 90 days on their IR website.
Research Frontiers announced significant automotive innovations using its patented SPD-SmartGlass technology at the IAA 2021. The debut includes a dynamic headlight design by BMW in the BMWi Vision Circular, utilizing SPD technology for adaptable lighting. Additionally, LG Display showcased its Transparent OLED screens integrated with SPD, enhancing visual displays and shading for public transport. These advancements aim to improve energy efficiency and user experience, highlighting the future potential for smart glass technology in automotive design.
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