Item
7.01 Regulation FD Disclosure
Dusseldorf,
Germany. October 22, 2018
– Research Frontiers Inc.
(Nasdaq: REFR)
and Gauzy Ltd., a world-leading vendor of material science and light control technologies, announced today that Gauzy will
be exhibiting SPD-Smart light control film at this week’s Glasstec 2018 Exhibition. Glasstec is the industry’s leading
international glass exhibition, highlighting the most innovative developments in glass technology, processing, and production.
The four-day exhibition will take place in Dusseldorf, Germany, on October 23 – 26 at the Dusseldorf Fair Grounds.
Gauzy
will be exhibiting in Hall 11, booth number A41 in their largest booth ever at Glasstec. With over ten team members present, including
the CEO, CTO, VP of Sales, and global sales managers, the company will be showcasing Gauzy SPD for architectural and automotive
applications. Gauzy’s first-class, outdoor grade SPD technology allows dynamic light and energy control in transparent substrates.
The company will also be presenting its Liquid Crystal based technologies, and offering special show only promotions on all products,
for new and existing partners. All glass professionals, automotive OEMs, architects, interior designers, and industry professionals
are invited to visit Gauzy’s booth (11A41).
Gauzy
Ltd. is a licensee of Research Frontiers, the inventor of patented SPD-SmartGlass technology. The company is licensed to develop
and manufacture SPD-Smart light control emulsion and film, as well as make SPD-Smart end products for various industries. Last
month, Gauzy led a group that invested $2 million in Research Frontiers. Earlier this month, RFI and Gauzy announced the inauguration
of their SPD film production line at a ribbon cutting ceremony at their factory in Tel Aviv-Yafo. This production line has the
capacity to produce over 365 thousand square meters of SPD light-control film per year per shift. Gauzy plans to introduce SPD
film this year in 1.2 meter widths which will be the widest SPD film offered in the industry. Gauzy’s plans call for the
introduction of SPD film 1.5 meters wide next year and 1.8 meters wide the following year. Gauzy currently produces PDLC film
in 1.8 meter wide rolls.
The
markets for SPD-Smart film are already well-established. Research Frontiers has licensed over 40 chemical, film, and glass companies
which are selling products for the automotive, aircraft, marine, train, museum and consumer electronics industries. Gauzy’s
established and growing network of over 55 glass fabricators worldwide brings additional synergies, infrastructure, and growth
opportunities to the smart glass industry.
Research
Frontiers patented SPD-SmartGlass technology is the same best-selling smart window technology that can be found on various car
models from Daimler. The MAGIC SKY CONTROL feature, which is now in use on tens of thousands of Mercedes-Benz SLs, SLC/SLKs, Maybach
and S-Class models around the world, uses patented SPD-SmartGlass technology developed by Research Frontiers to turn the roof
transparent by electrically aligning tiny particles in a thin film within the glass. With the touch of a button, drivers and passengers
can instantly change the tint of their roof to help keep out harsh sunlight and heat, and create an open-air feeling even when
the sunroof is closed. Glass or plastic using Research Frontiers’ patented SPD-SmartGlass technology effectively blocks
UV and infrared rays in both clear and darkly tinted modes, helping keep the cabin cooler, and protecting passengers and interiors
while also enhancing security inside the vehicle. These benefits become even more important when a car uses large surface areas
of glass, especially in warm climates.
Some
of the other benefits of SPD-SmartGlass include significant heat reduction inside the vehicle (by up to 18ºF/10ºC),
UV protection, glare control, reduced noise and reduced fuel consumption. Independent calculations also show that use of SPD-SmartGlass
can reduce CO2 emissions by four grams per kilometer, and increase the driving range of electric vehicles by approximately 5.5
percent.
Details
are noted in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The Research Frontiers press release is also available on the Company’s website at www.SmartGlass.com and at various other
places on the internet.
This
report and the press releases referred to herein may include statements that may constitute “forward-looking” statements
as referenced in the Private Securities Litigation Reform Act of 1995. Those statements usually contain words such as “believe”,
“estimate”, “project”, “intend”, “expect”, or similar expressions. Any forward-looking
statements are made by the Company in good faith, pursuant to the safe-harbor provisions of the Act. These forward-looking statements
reflect management’s current views and projections regarding economic conditions, industry environments and Company performance.
Factors, which could significantly change results, include but are not limited to: sales performance, expense levels, competitive
activity, interest rates, changes in the Company’s financial condition and several business factors. Additional information
regarding these and other factors may be included in the Company’s quarterly 10-Q and 10K filings and other public documents,
copies of which are available from the Company on request. By making these forward-looking statements, the Company undertakes
no obligation to update these statements for revisions or changes after the date of this report.
The
information in this Form 8-K or the press release reproduced herein shall not be deemed “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities
Act of 1933, except as shall be expressly set forth by specific reference in such filing.