SmartGlass Ireland Ltd. Acquires License from Research Frontiers to Make and Market SPD-Smart™ Architectural Window Products

 In News

Dublin, Ireland and Woodbury, NY, USA – April 8, 2004. SmartGlass Ireland Ltd. of Dublin, Ireland has acquired a non-exclusive license from Research Frontiers Incorporated (Nasdaq: REFR) to manufacture and sell SPD-Smart™ architectural window products in the Republic of Ireland.
The license provides for a 10% royalty to Research Frontiers on sales of licensed products.
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 benefits such as savings on heating and cooling expenses, and reduced fading of fabrics and artwork. As a quality-of-life enabling technology, SPD-Smart products also give users greater control over their environment, improved safety and security, and various aesthetic benefits such as the ability to control light and glare without shades or blinds blocking one’s view.
Information about VaryFast™ SPD-Smart products can be found at www.SmartGlass.com.
“This is momentous day for our company,” said John Browne, Managing Director of SmartGlass Ireland. “We are thrilled to bring the many advantages of SPD-Smart architectural products to the Republic of Ireland, and we are especially grateful for the assistance and support of the Dublin Enterprise Board which will help us do so.” To introduce its product line and develop the market, SmartGlass Ireland plans a wide range of promotional initiatives including trade show exhibitions, media advertising and public relations activities.
About SmartGlass Ireland Ltd.
SmartGlass Ireland Ltd., formerly known as Interior Glass Ireland, is expanding its operations to specialise in the manufacture and sale of switchable glazings and other glass products for the Irish glass market. The management and employees of the company have significant industry experience in the glass industry, with particular expertise in the provision of heatable glass, glass floors and glass stairs, wall cladding, partitions, light boxes and other glass products. SmartGlass Ireland has received support from the Dublin Enterprise Board to strengthen the company and advance its business prospects.
About SPD Technology and Research Frontiers Incorporated
Research Frontiers Incorporated (RFI) 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 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 has been 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 31 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™, VaryFast™, Powered by SPD™, The View of the Future – Everywhere You LookT™ and Visit SmartGlass.com – to change your view of the world™ are trademarks of Research Frontiers Incorporated.
Contact:
SmartGlass Ireland Limited
John Browne, Managing Director
Ballinascorney,
Dublin 24,
Ireland
Tel. 353 1 459 8154
jbrowne@glass.ie
www.glass.ie

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

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