SPD-Smart Model House to Debut in Houston This Week.

Business Editors

NGA Show

Booth #1307

WOODBURY, N.Y.--(BUSINESS WIRE)--March 18, 2002

Imagine being able to walk through your home or office and turning a knob to adjust the tint of your windows, or having them automatically adjust themselves.

This week over 6,000 professionals from the glass industry are expected to attend the NGA Show in Houston and will be able to experience this first hand.

Research Frontiers Incorporated (Nasdaq: REFR), the developer and licensor of fast-responding SPD light-control technology, and several of its licensees will be attending the NGA Show being held in Houston, Texas, March 20-22, 2002.

Featured at Research Frontiers' Booth #1307 will be a model house featuring various SPD-Smart(TM) products using Research Frontiers' SPD light-control technology, including windows for homes and offices, skylights, and glass for refrigerator and oven doors. In addition to the model "Smart House," Research Frontiers' booth at the NGA Show will also feature automotive sunroofs, flat panel displays, and aircraft windows. These products on display were developed by Research Frontiers, and its licensees SPD Inc., a subsidiary of Korea's largest glass manufacturer, Hankuk Glass Industries (KSC:02000.KS), ThermoView Industries (AMEX: THV) and InspecTech Aero Services, Inc.

Michael R. LaPointe, Vice President - Marketing for Research Frontiers, noted: "Last year we had a very successful debut at the NGA Show in Miami. This year, with SPD products now in production by several of our licensees, we had to take a booth that was four times as large as last year."

The NGA Show, which is the glass industry's largest event of the year in North America, is sponsored by the National Glass Association, the Glass Association of North America, and the American Architectural Manufacturers Association. The NGA Show will be held at the George R. Brown Convention Center in Houston, Texas from March 20-22, 2002. More information about the NGA Show can be found at http://www.glass.org.

About SPD Technology and Research Frontiers Incorporated

Research Frontiers is a technological leader in the development and licensing of suspended 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 to control the applied voltage or having the device automatically adjust itself by means of a photocell 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.

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, instrument panels and navigation systems. In aircraft, replacing existing window shades with SPD film can improve passenger satisfaction and comfort, while also reducing fuel consumption, maintenance, downtime and cost of operation. SPD-Smart(TM) eyewear products - sunglasses, sport goggles such as ski goggles, and visors - will continuously and instantly control glare to the degree needed.

In an SPD display, electronic drivers will selectively "address" (open and close) tiny segments of the SPD film. SPDs may be used to make brighter, easier-to-read screens in products such as laptop computers, cell phones, and handheld devices such as PDAs - Personal Digital Assistants. 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.

SPD technology is covered by approximately 365 patents and patent applications held by Research Frontiers worldwide. As part of a global infrastructure, Research Frontiers has licensed the following fifteen companies to use its patented SPD light-control technology in emulsions, film, or end-products: AP Technoglass; Avery 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.; Isoclima S.p.A.; 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 of licensed products under license agreements currently in effect. Additional information about Research Frontiers and its licensees can be found on the Internet at http://www.refr-spd.com. Research Frontiers' common stock trades on the Nasdaq National Market under the symbol "REFR."

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.