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Research Frontiers Inc. develops and licenses patented SPD-Smart light-control film technology for smart glass products. Its technology allows variable shading of glass or plastic products and is licensed to companies involved in chemical emulsions, light-control film, laminated panels, electronics, lamination services and finished products.
Company news commonly covers financial results, license and royalty revenue, automotive OEM activity, aircraft electronically dimmable windows, architectural retrofit glazing, next-generation black SPD film and industry discussions around variable-tint automotive glazing. Updates also address applications in vehicles, aircraft, yachts, trains, homes, offices, museums and other buildings.
Research Frontiers Inc. (Nasdaq: REFR) announced the retirement of board member Gregory G. Grimes effective August 17, 2020. Grimes served on the board since 2011 and was instrumental in various committees. He will remain involved as a shareholder. The board appointed William Graham Settle as a new director, who has extensive experience in public and private sectors since 1986, enhancing the company's strategic direction. Settle’s history with Research Frontiers includes working on international projects and a solid understanding of its SPD-SmartGlass technology.
Research Frontiers Inc. (Nasdaq: REFR) reported its second-quarter financial results for 2020 during a conference call on August 6. Key highlights include a licensing agreement with Daimay for SPD-Smart light-control film technology in automotive sun visors. The company's fee income from licensing activities decreased to $532,286 compared to $719,692 in 2019, attributed to COVID-19 impacts. Total expenses fell by 20%, and the company received a $202,052 PPP loan, with substantial forgiveness expected. As of June 30, cash and equivalents were $5.8 million, ensuring funding for 34 months.
Research Frontiers (Nasdaq: REFR) is collaborating with Daimay North America Automotive to develop innovative SPD-Smart sun visors that automatically darken to reduce glare for drivers and passengers. Utilizing patented SPD-Smart light-control film technology, these visors enhance safety and comfort by adjusting to varying light conditions. This technology is already implemented in various vehicles and industries, showcasing significant advantages such as glare control, heat reduction of up to 18ºF, and improved energy efficiency. SPD-SmartGlass is a proven solution, licensed to over 40 companies, enhancing various transportation and building environments.
Research Frontiers Inc. (Nasdaq: REFR) will release its second quarter 2020 financial results on August 6, 2020. A conference call will be held at 4:30 PM ET on the same day to discuss the results and recent developments. Key participants include President & CEO Joseph M. Harary and CFO Seth Van Voorhees. Interested parties can dial in at 1-888-334-5785 or send questions via email to Questions@SmartGlass.com. A replay will be available for 90 days starting August 7, 2020.
Research Frontiers (Nasdaq: REFR) has been added to the Russell 2000 Index, effective June 29, 2020. This annual reconstitution includes the 4,000 largest U.S. stocks by market capitalization, with REFR's membership ensuring a year-long inclusion in related growth and value indices. The Russell indices, benchmarked by approximately $9 trillion in assets, are favored by investment managers. CEO Joseph M. Harary expressed optimism that this inclusion will enhance stock liquidity and increase exposure for the company’s SPD-SmartGlass technology.
Research Frontiers Inc. (Nasdaq: REFR) will announce its first quarter 2020 financial results on May 7, 2020. A conference call is scheduled for 4:30 PM ET on the same day, featuring President & CEO Joseph M. Harary and CFO Seth Van Voorhees discussing the financial and operational outcomes along with recent developments.
Dial-in is available at 1-888-334-5785, and a replay will be accessible from May 8, 2020 for 90 days at www.SmartGlass-IR.com.