SPD Inc. Factory Producing SPD Light-Control Film and Filling Backlog of Customer Orders.Business Editors WOODBURY, N.Y.--(BUSINESS WIRE)--Feb. 8, 2002 Research Frontiers Incorporated (Nasdaq: REFR REFR Rare and Exotic Feline Registry ), the developer and licensor of fast-responding SPD (Serial Presence Detect) The method used by DIMM memory modules to communicate their capacity and features to the computer. Data such as manufacturer, size, speed, voltage and row and column addresses are stored in an EEPROM chip on the module. light-control technology, announced today that SPD Inc.'s factory in Incheon Korea is now producing SPD light-control film on its main production lines. SPD Inc. has reported that this SPD film is of very high quality and that they are achieving very high production yields. Customers of SPD Inc. are also reporting that they are now having their backlog of existing orders filled. SPD Inc.'s parent company, Hankuk Glass Industries Inc. (KSC KSC Kennedy Space Center KSC Keene State College (New Hampshire) KSC Kagoshima Space Center KSC Karlsruher Sportclub (Karlsruhe, Germany) KSC Korean Service Corps : 02000.KS), is Korea's largest glass manufacturer and is a licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of Research Frontiers Incorporated (Nasdaq: REFR). SPD Inc. was formed as a separate subsidiary of Hankuk Glass Industries devoted exclusively to the production and sale of SPD film and end-products. SPD-Smart(TM) products incorporate a thin flexible film invented by Research Frontiers that permits the amount of light passing through glass or plastic to be controlled by the user. Those interested in seeing a variety of products using SPD light-control technology such as "smart" windows, skylights, sunroofs, refrigerator doors, oven doors, and aircraft windows and cockpit doors made by Research Frontiers' licensees can attend various trade shows in the coming weeks. These events include: -- Heli-Expo 2002 being held in Orlando, Florida, February 12-14, 2002 (InspecTech Aero Service's products will be featured in the AeroSolutions and Bell Helicopter/Textron booths) -- Kyeonghyang Housing Fair which is Korea's largest housing material exhibition being held in Seoul, Korea February 17-23, 2002. (Hankuk Glass Industries/SPD Inc. booth) -- Asian Aerospace Show being held in Singapore, February 26 - March 3, 2002 (InspecTech Aero Service's products are scheduled to be featured in the AAR Corporation booth) -- GlassTech Asia 2002, the 3rd International Glass Products, Glass Manufacturing Processing & Materials Exhibition & Conference being held in Singapore, March 6-8, 2002 (SPD Inc. booth will feature various products by SPD Inc. and InspecTech Aero Service) -- NGA Show being held in Houston, Texas, March 20-22, 2002 sponsored by the National Glass Association, the Glass Association of North America, and the American Architectural Manufacturers Association (Research Frontiers booth will feature SPD-Smart(TM) products made by its various licensees) Additional information about these and other upcoming events can be obtained by contacting Research Frontiers. About SPD Technology and Research Frontiers Incorporated Research Frontiers is a technological leader in the development and licensing of suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. particle devices (SPDs)-electrically operated light-control devices using proprietary particle suspensions and films. SPD technology allows you to instantly and precisely control how clear or dark glass or plastic is, and adjust its light transmission by either turning a knob or having the device automatically adjust itself by means of a photocell photocell: see photoelectric cell. photocell or photoelectric cell or electric eye Solid-state device with a photosensitive cathode that emits electrons when illuminated and an anode for collecting the emitted electrons. or other sensing or control device. This is made possible by a thin flexible film which uses SPD light-control technology invented by Research Frontiers. In an SPD display, electronic drivers will selectively "address" (open and close) tiny segments of the SPD film. SPD technology is licensed to a growing number of companies in various industries, and is covered by approximately 365 patents and patent applications held by Research Frontiers worldwide. SPD technology has many applications, including SPD-Smart(TM) windows and sunshades for homes and buildings, skylights and interior partitions. A smart window product using SPD film provides relief from glare or heat without blocking view, while also enabling privacy whenever desired, protection from UV damage, promotion of energy conservation, and other benefits. In automotive vehicles, SPD-Smart(TM) products can include windows, sunroofs, sunvisors, sunshades, rear-view mirrors rear-view mirror Noun a mirror on a motor vehicle enabling the driver to see the traffic behind rear-view mirror rear n (Aut) → rétroviseur m , instrument panels and navigation systems A GPS-based electronic system in a car or truck that provides a real time map of the vehicle's current location as well as step-by-step directions to a programmed destination. See GPS and vehicle tracking. . In aircraft, replacing existing window shades with SPD film can improve passenger satisfaction and comfort, while also reducing fuel consumption, maintenance, downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. and cost of operation. SPD-Smart(TM) eyewear eye·wear n. 1. Eyeglasses, goggles, or other objects worn over the eyes. 2. Fashionable eyeglasses. products - sunglasses sunglasses A tinted pair of glasses used to ↓ light arriving at the eye, which are labeled according to the amount of UV light blocked; nonprescription glasses are classified according to use and amount of UV radiation blocked Sunglasses , sport goggles goggles, n the protective eyewear worn by dental personnel and patients during dental procedures. goggles see periocular leukotrichia. such as ski goggles, and visors - will continuously and instantly control glare to the degree needed. In the flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time industry, SPDs may be used to make brighter, easier-to-read screens in products such as laptop computers A portable computer that has a flat LCD screen and usually weighs less than eight pounds. Often called just a "laptop," it uses batteries for mobile use and AC power for charging the batteries and desktop use. Today's high-end laptops provide all the capabilities of most desktop computers. , cell phones, and handheld devices such as PDAs - Personal Digital Assistants, with significant performance and cost advantages over current technologies. In advertising, promotion, and retail sales environments, SPD displays offer display advertising advantages, bringing large, thin, flexible yet changeable displays to stores, store windows, point-of-purchase displays, billboards, truck sidings, road signs, and other signage applications. Research Frontiers has licensed the following companies to use its patented SPD light-control technology in emulsions, film, or end-products: AP Technoglass; Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. Corporation; BOS GmbH & Co. KG, Dainippon Ink and Chemicals Incorporated; Film Technologies International, Inc.; General Electric Company; Glaverbel, SA; Global Mirror GmbH & Co. KG (Lang-Mekra); Hankuk Glass Industries Inc.; Hitachi Chemical Co., Ltd.; InspecTech Aero Service, Inc.; N.V. Bekaert S.A.; Polaroid Corporation; and ThermoView Industries, Inc. Licensees of Research Frontiers who incorporate SPD technology into end products will pay Research Frontiers a royalty of 5-10% of net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of licensed products under license agreements currently in effect. Research Frontiers' common stock trades on the Nasdaq National Market under the symbol "REFR." Additional information about Research Frontiers and its licensees can be found on the Internet at http://www.refr-spd.com. Note: From time to time the Company 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(TM) and Powered by SPD(TM) are trademarks of Research Frontiers Incorporated. |
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