Item
7.01
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Regulation
FD Disclosure
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Woodbury,
New York – January 10, 2019
– Research Frontiers SPD-SmartGlass technology is used worldwide to improve the passenger
experience onboard cars, aircraft, trains, and marine vessels. This week’s UMA Expo (United Motorcoach Association) in Ft.
Lauderdale is the stage for the development of SPD-SmartGlass in another transportation segment – the motorcoach / luxury
bus sector. SPD-SmartGlass instantly controls and manages both beneficial and undesirable outside elements entering motorcoaches
through passenger windows, skylights and windshields – providing an unprecedented level of comfort and enjoyment for passengers.
Research
Frontiers licensee Vision Systems noted in their UMA press release: “Vision Systems will exhibit an electronically dimmable
solution to present the different possible applications in the coach market. Directly integrated into the glazing, these systems
allow the passengers to instantly change the opacity of their window from clear to dark in order to regulate daylight, glare and
heat entering in, while preserving the view or offering privacy. They enhance visual, thermal and acoustic comfort, for a greater
wellness atmosphere.”
Vision Systems’
electronically dimmable windows and windshields, using Research Frontiers SPD-SmartGlass technology, improving the passenger experience
onboard motorcoaches.
SPD-SmartGlass
electronically dimmable windows (EDWs) dramatically improve the passenger experience, by instantly and precisely managing the
optimal amount of healthy daylight for passenger comfort and well-being, and rejecting uncomfortable amount of heat and noise.
Also, a critical feature of the motorcoach passenger experience is experiencing the magnificent views. With windows using traditional
shades, passenger views are blocked at all times that sunlight, glare or heat need to be controlled. SPD-SmartGlass is the only
solution that enables passengers to “tune” the window’s tint to a level that allows them to continue enjoying
views yet remain comfortable, even in direct sun conditions.
Most
motorcoach windows use heavily tinted windows to manage excessive light, glare or heat. While this reduces somewhat the time the
shade has to be down, it remains ineffective for many conditions. Also, it limits passengers’ experience of views during
dusk, nighttime and dawn hours. This is due to the fact that when outside light levels are low, a heavily tinted window blocks
or degrades elements of the scene outside. During these hours, the high optical clarity of SPD-SmartGlass in the “clear”
state eliminates this problem.
Features
of Vision Systems’ SPD-SmartGlass EDWs for motorcoaches include:
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Different
zones of an EDW can be independently controlled.
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All
EDWs can be controlled centrally with a master control, or automatically with light sensors.
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The
level of noise in the motorcoach is reduced.
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The
EDWs automatically turn to the darkest state when the motorcoach engine is off, keeping the interior cooler and offering lower
air-conditioning consumption and greater energy savings.
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An
ergonomic SPD-Smart dimmable motorcoach sun visor increases safety.
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The
electronics are integrated into the EDW, which facilitates OEM and aftermarket installations.
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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.