Asahi Glass Company Sublicensed to Use Research Frontiers’ SPD-Smart™ Sunroof Glass Technology

 In News

Tokyo, Japan and Woodbury, NY – December 16, 2003. Asahi Glass Company, Ltd. (Tokyo Stock Exchange: 5201:JP) has acquired a sublicense from its affiliated company, AP Technoglass Co, to use the SPD-Smart Light Control Technology of Research Frontiers Incorporated (Nasdaq: REFR). Asahi intends to evaluate this technology for the production of sunroof glass applications.
Asahi Glass is the parent corporation of AP Technoglass and Glaverbel, SA, both of which are also existing licensees of Research Frontiers. Asahi Glass Company became authorized under sublicense from AP Technoglass, which is one of North America’s leading sunroof glass producers.
Users of SPD-Smart products can manually or automatically “tune” the amount of light, glare and heat that comes into a home, office or vehicle. SPD-Smart products offer functional and aesthetic benefits such as savings on heating and cooling expenses, reduced fading of fabrics and artwork, and the ability to control light and glare without losing prized views to blinds and curtains. Information about SPD-Smart products can be found at www.SmartGlass.com.
About Asahi Glass Company, Ltd.
Asahi Glass Company, Ltd. was established in 1907 and was Japan’s first commercial manufacturer of flat glass. Since then, the company has expanded its operations to include chemicals, as well as glass for construction materials, automobiles and display glass for cathode ray tubes, liquid crystal displays, plasma display panels and other applications. Capitalizing on its glass materials and processing technologies, the Company also diversified into the electronics field. Today, Asahi Glass is a multinational corporation with operations centering on glass, electronics and displays, and chemicals, and a global network of 200 subsidiaries and affiliates in Japan and 24 other countries. For its fiscal year ending March 31, 2003, Asahi Glass Company had sales of JY 1,295 billion ($10.8 billion) and employed 53,700 people worldwide. The Asahi group of companies is the largest flat glass manufacturer in the world.
About SPD Technology and Research Frontiers Incorporated
Research Frontiers Incorporated (RFI) develops and licenses suspended particle device (SPD) technology used in SPD-Smart™ light-control glass and plastic products. SPD technology, made possible by a flexible light-control film invented by RFI, allows the user to instantly and precisely control the shading of glass/plastic manually or automatically. SPD technology has numerous product applications, including: SPD-Smart™ windows, sunshades, skylights and interior partitions for homes and buildings; automotive windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels and navigation systems; aircraft windows; eyewear products; and flat panel displays for electronic products. SPD-Smart film technology was recently awarded a “Best of What’s New Award” from Popular Science magazine for home technology and was also named by the Society of Automotive Engineers’ Aerospace Engineering magazine as one of the top new technologies for 2002. SPD technology is covered by over 400 patents and patent applications held by RFI worldwide. Currently 29 companies are licensed to use RFI’s patented SPD light-control technology in emulsions, film, or end products. Information about RFI and its licensees can be found at www.SmartGlass.com.
Note: From time to time Research Frontiers may issue forward-looking statements which involve risks and uncertainties. This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. SPD-Smart™, Powered by SPDT™, The View of the Future – Everywhere You Look™ and Visit SmartGlass.com – to change your view of the world™ are trademarks of Research Frontiers Incorporated.
Contact:
Asahi Glass Company, Ltd.
Shinichi Kawakami, General Manager
Corporate Communications Division
+81-3-3218-5408
info-pr@agc.co.jp

Research Frontiers Incorporated
Joseph M. Harary, President
Patricia A. Bryant, Manager of Investor Relations
516-364-1902
info@SmartGlass.com

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