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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) highlights its SPD-SmartGlass technology at the IAA Munich Auto Show, showcasing how it enhances energy efficiency in vehicles. Partnering with Gauzy Ltd, SPD-SmartGlass can reduce fuel consumption by up to 5.5% and CO2 emissions by 4 grams/km. The technology is designed for various applications, including cars, aircraft, and buildings, providing dynamic light control while blocking UV and IR rays. Notable collaborations with LG Display and Texas Instruments emphasize the innovation behind smart glass solutions for the automotive industry.
Research Frontiers Inc. (Nasdaq: REFR) reported its second-quarter 2021 financial results, highlighting a net loss of $1,085,242 ($0.03 per share). Fee income from licensing activities reached $327,060 for the first half of the year, impacted by reduced demand in the automotive sector due to COVID-19 and model lifecycle constraints. Total expenses decreased by 21%, or $368,791. The company has approximately $3.5 million in cash and expects to maintain operational funding for at least the next 24 months. Key developments include SPD-SmartGlass applications in vehicles like General Motors’ Cadillac Celestiq.
Research Frontiers Inc. (Nasdaq: REFR) will announce its Q2 2021 financial results on August 5, 2021. A conference call is scheduled for 4:30 PM ET to discuss financial and operational outcomes along with advancements in SPD-SmartGlass technology for automotive, train, and architectural markets. The call will be led by President & CEO Joseph M. Harary. Dial-in for the call is 1-888-334-5785, with a replay available after August 6, 2021 for 90 days at smartglass-ir.com.
Research Frontiers Inc. (Nasdaq: REFR) reported its first-quarter 2021 results, highlighting a net loss of $557,307, improving from $624,594 in the same quarter of 2020. Licensing fee income declined to $213,123 from $356,173, affected by COVID-19 impacts on automotive production. Total expenses decreased by approximately 23% to $232,985. The company maintains a strong cash position with over $4.2 million and working capital of $4.7 million, projecting sufficient funds for at least 32 months. Key developments include the Cadillac Celestiq offering SPD-SmartGlass technology.
Research Frontiers Inc. (Nasdaq: REFR) will announce its first quarter 2021 financial results on May 6, 2021. A conference call led by President & CEO Joseph M. Harary is scheduled for 4:30 PM ET on the same day to discuss the results and recent developments. Interested parties can join the call by dialing 1-888-334-5785. A replay will be available from May 7, 2021, for 90 days on their website. Research Frontiers specializes in SPD-Smart light-control film technology, licensed to over 40 companies.
Research Frontiers Inc. (Nasdaq: REFR) reported its financial results for the fourth quarter and year ended December 31, 2020. The company generated fee income of $1,064,975, with licensing activities bringing in $828,450, down from $1,564,024 in 2019 due to Covid-19 impacts. Total expenses decreased by approximately 28%, equating to a reduction of $1,307,524. The net loss improved to $2,340,864 ($0.07 per share) from $3,808,978 ($0.13 per share) in 2019, marking the lowest loss in 26 years. Cash reserves stood at approximately $4.8 million, providing sufficient working capital for 33 months.
Research Frontiers Inc. (Nasdaq: REFR) announced it will release its Q4 and full year 2020 financial results on March 11, 2021. A conference call will be held at 4:30 PM ET to discuss the financial results and recent developments. The call will feature President & CEO Joseph M. Harary, and participants can join by calling 1-888-334-5785. A replay will be available on March 12, 2021, at smartglass-ir.com for 90 days.
Research Frontiers has announced its SPD-SmartGlass technology will feature in Cadillac's new fully electric CELESTIQ sedan, debuting in 2023. This innovative glass allows for customizable transparency, enhancing comfort and privacy for passengers. The technology improves energy efficiency and increases electric vehicle driving range by approximately 5.5%. Currently, Research Frontiers has licensed its technology to over 40 companies across various industries, solidifying its market position. This partnership may positively influence REFR's stock performance.
Research Frontiers Inc. (Nasdaq: REFR) announced the resignation of CFO Seth L. Van Voorhees, effective December 4, 2020, as he takes a position with a biotechnology firm in New Jersey. President and CEO Joseph M. Harary will serve as interim CFO. Harary acknowledged Van Voorhees' nearly ten-year contribution to the company's growth and expressed gratitude for his ongoing involvement as a shareholder. Research Frontiers specializes in SPD-Smart light-control film technology, licensed to over 40 companies and used in various applications worldwide.
Research Frontiers Inc. (Nasdaq: REFR) reported its third quarter results for the period ending September 30, 2020. The company generated fee income of $692,714 from licensing activities, down from $1,182,560 in the same period last year. This decline was driven by lower fees in automotive and aircraft markets, partially offset by gains in architecture and display sectors. Total expenses decreased by approximately 23% to $716,661. As of September 30, REFR had approximately $5.4 million in cash and sufficient working capital for the next 27-29 months.
FAQ
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