Isoclima S.p.A. to Showcase Its New SPD-Smart CromaLite Glass at Major Trade Shows Beginning this Month
PADUA, ITALY and WOODBURY, NEW YORK, October 1, 2007 – Isoclima S.p.A., a licensee of Research Frontiers Incorporated (Nasdaq: REFR), announced today that it will feature its CromaLite™ brand of SPD-SmartGlass™ at two upcoming trade shows in Europe. Isoclima’s CromaLite brand SPD-Smart products are for a variety of smart glass applications including smart windows for the global architectural, marine and automotive markets.
At the heart of CromaLite smart glass is next-generation SPD light-control film invented by Research Frontiers. When integrated with glass or plastic panels, SPD-Smart film gives users the ability to rapidly, precisely and uniformly control the amount of light passing through products such as windows, skylights and sunroofs.
This is a major achievement over “electrochromic” light-control technology, which can be extremely slow and relies on electrochemical reactions to induce a color change. In moderate and larger sized electrochromic panels, switching speed is even slower and non-uniform (creating an objectionable “iris effect” where darkening first occurs at the outer edge of the window and then slowly works its way towards the center of the window).
To manufacture its CromaLite products, Isoclima is now purchasing the basic chemicals from Research Frontiers’ licensee Dainippon Ink & Chemicals Incorporated (DIC), one of the world’s leading diversified chemical companies. Isoclima then processes these chemicals and coats them into SPD-Smart film in Italy. This film can then be shipped by Isoclima to its glass fabrication facilities in Europe or North America to produce CromaLite laminated and insulated glass and plastic panels, as well as end-products such as windows, skylights and marine glass.
The CromaLite SPD-SmartGlass being featured measures 0.8 x 2.5 meters (31.5 x 98.4 inches) and will be the darkest switchable glazing of any type ever exhibited publicly for architectural and marine window applications. The SPD film itself can block over 99.4% of visible light, yet it can be optically clear when desired. When SPD film is combined with glass or plastic to form a window or other end-products, the light blockage can be even greater. Users can instantly and precisely control how much light, glare and heat passes through the glass.
“We are extremely pleased with the optical quality and operating performance of our CromaLite smart glass,” said Alberto Bertolini, General Director of Isoclima. “Our exhibiting at these upcoming trade shows marks the start of an accelerating marketing campaign to grow what we believe will be very strong sales of CromaLite across numerous applications. Our plans include coating SPD film up to 1.2 meters wide and we expect that SPD light-control technology and our CromaLite products will have a strategic importance in the architectural, automotive, marine and aerospace industries.”
“It is highly noteworthy that Isoclima is now launching the marketing program for its CromaLite smart glass,” said Joseph M. Harary, President of Research Frontiers who recently toured Isoclima’s Padua, Italy facilities and will be visiting their Mexicali, Mexico facilities later this month. “Isoclima’s glazing products have a very strong reputation globally in the architectural and transportation industries. In the marine industry, for example, the company’s glazing products have achieved 30-40% penetration of the European maxi-yacht market (100+ meters in length), and the company has a 70-80% share of all yacht glass supplied to Italian shipyards, one of the world’s largest shipbuilding regions.”
Isoclima will first exhibit its CromaLite smart glass from October 3-6, 2007 at Vitrum 2007, the international trade fair for machinery, equipment and systems for the processing of flat and hollow glass. Vitrum 2007 will be held at Fiera Milano’s new exhibition complex in Milan and attracts visitors across the world. Isoclima’s booth will be located in Pavilion 24, stand E22. More information about Vitrum 2007 can be found at http://www.vitrum-milano.it.
From October 6-14, 2007, Isoclima will exhibit its CromaLite at the 47th International Boat Show being held at the Genoa Fairgrounds in Genoa, Italy. The International Boat Show is one of the world’s leading marine shows and features more than 100,000 square meters of exhibition space and 8 kilometers of “walkways on the sea” where a range of yachts and sailboats will be featured. Isoclima’s CromaLite smart window will be part of the Galina booth located at Pavilion C, stand M25. More information about the International Boat Show can be found at http://www.salonenauticogenova.it.
About Isoclima S.p.A.
With expertise in high-technology glass, specialty glass and plastics, Isoclima employs over 400 people and produces high-end quality products for the automotive, building, aerospace, railway and marine markets. Isoclima has over 1.2 million square feet of manufacturing facilities in nine factories located in Italy, Mexico and Croatia that produce curved and flat laminated, impact-resistant, bullet-resistant, and other specialty glass products including patterned glass and low-iron glass for solar collectors and photovoltaic panels. Isoclima is ISO 9001 certified and is part of the Finind Group. Additional information about Isoclima may be found on the Internet at www.isoclima.net.
In March 2002, Isoclima purchased a license from Research Frontiers to manufacture smart switchable window products using Research Frontiers’ fast-responding suspended particle device (SPD) light-control film technology. In July 2002, Isoclima expanded its activities as a licensee of Research Frontiers by acquiring a worldwide non-exclusive license to manufacture and sell SPD light-controlling film to Research Frontiers’ authorized licensees, as well as using it in their own architectural and automotive glass end-products. These products include SPD-Smart architectural windows, skylights and partitions, and SPD-Smart automotive windows and sunroofs for various transportation vehicles such as cars, recreational vehicles, trucks, boats and trains.
About SPD Technology and Research Frontiers Incorporated
Research Frontiers Incorporated (Nasdaq: REFR) develops and licenses suspended particle device (SPD) technology used in VaryFast™ SPD-Smart controllable glass and plastic products. SPD technology, made possible by a flexible light-control film invented by Research Frontiers, allows the user to instantly and precisely control the shading of glass or plastic, either manually or automatically. SPD technology product applications include: SPD-Smart windows, sunshades, skylights and interior partitions for homes and buildings; automotive windows, sunroofs, sunvisors, sunshades, and mirrors; aircraft and marine windows and window shades; eyewear products; and flat panel displays for electronic products.
SPD-Smart film technology was awarded a “Best of What’s New Award” from Popular Science magazine for home technology, received the 2007 North American Frost & Sullivan Award for Excellence in Technology for glass, and was also recognized as one of the top technologies by the Society of Automotive Engineers’ Aerospace Engineering magazine. SPD technology is covered by over 500 patents and patent applications held by Research Frontiers worldwide. Currently 33 companies are licensed to use Research Frontiers’ patented SPD light-control technology in emulsions, films, or end-products. Further information about SPD-Smart technology, Research Frontiers 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. Actual results could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. CromaLite™ is a trademark of Isoclima S.p.A. SPD-Smart™, SPD-SmartGlass™, SmartGlass™,VaryFast™, Powered by SPD™, 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.
For further information, please contact:
Research Frontiers Incorporated
Joseph M. Harary, President
Patricia A. Bryant, Manager of Investor Relations
Alberto Bertolini, General Director