Nippon Sheet Glass Acquires License from Research Frontiers to Make SPD-Smart™ Light-Control Film
Tokyo, Japan and Woodbury, New York – September 7, 2004. Nippon Sheet Glass Co., Ltd. (“NSG”) has acquired a worldwide non-exclusive license from Research Frontiers Incorporated to manufacture and sell SPD-Smart™ light-control film. This SPD film has wide applicability in a variety of SPD-Smart products including architectural, automotive, aircraft and marine windows, as well as in instantly adjustable variable tint eyewear such as sunglasses or ski goggles.
Nippon Sheet Glass has already begun working with, and will be buying SPD emulsion from, other licensees of Research Frontiers, coating such emulsion into an SPD light-control film, and selling such film to companies licensed by Research Frontiers to make SPD-Smart end-products.
In a window, sunroof, or other product using VaryFast™ SPD-Smart™ technology, the user can manually or automatically “tune” the amount of light, glare and heat coming into a home, office, aircraft, train or other vehicle. SPD-Smart windows, which can reduce energy consumption, also block over 99% of harmful ultraviolet (UV) radiation to protect occupants and prevent the fading of carpets, furniture, and artwork. Additional information about SPD-Smart windows and other products can be found at www.SmartGlass.com.
NSG’s acquisition of this license builds upon its position as a world leader in the production and marketing of superior film and glass products. As Yuichi Yano, Vice President of NSG UMU Products Co., Ltd. observed, “The addition of SPD film to our product line nicely complements the quality liquid crystal (LC) products offered by our UMU division. Further, it is consistent with the growing number of advanced product solutions recently introduced by our company, including our CLEARTECT™ self-cleaning glass for residential applications and our SPACIA™ vacuum glass for burglar prevention and sound insulation.”
About Nippon Sheet Glass
Nippon Sheet Glass Co., Ltd (NSG) was established in Japan in 1918. It is a world leader in architectural glass & building materials, automotive safety glass, glass fiber and information technology. With annual revenues of Yen 270 billion, NSG employs approximately 12,000 people worldwide. Additional information about Nippon Sheet Glass can be found on the Internet at www.nsg.co.jp.
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™ light-control 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/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, sunvisors, 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 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 34 companies are licensed to use Research Frontiers’ patented SPD light-control technology in emulsions, film, or end products. Information about 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 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-SmartTM, VaryFastTM, Powered by SPDTM, The View of the Future – Everywhere You LookTM and Visit SmartGlass.com – to change your view of the world™ are trademarks of Research Frontiers Incorporated.
Research Frontiers Incorporated
Joseph M. Harary, President
Patricia A. Bryant, Manager of Investor Relations