Item
7.01 Regulation FD Disclosure
WOODBURY,
NEW YORK – August 30, 2017.
This week at Caravan Salon in Dusseldorf, Germany, premium recreational vehicle supplier
Lippert Components, and Knaus, a leading manufacturer of leisure vehicles in Europe, are both featuring the world premiere of
dimmable windows using Research Frontiers (Nasdaq: REFR) SPD-SmartGlass technology. These electronically dimmable smart windows,
which dramatically improve the recreational vehicle passenger experience, were supplied by Vision Systems, a licensee of Research
Frontiers.
Vision
Systems’ smart windows using SPD-SmartGlass technology deliver unprecedented benefits for passengers in recreational vehicles
of all types. By enabling users to precisely control the amount of daylight and glare coming through windows, passengers can touch
a button and instantly tune the tint to a comfortable level while continuing to enjoy views, rather than blocking their view with
a shade. These smart windows can be controlled directly by the passengers, through a centralized control panel, or automatically
with integrated light sensors. The system delivers many other benefits including a cooler interior due to remarkable thermal insulation
properties, and a quieter interior due to acoustic insulation properties.
This
week in Dusseldorf, visitors are able to experience Vision Systems’ Nuance V2, their second generation of SPD-Smart EDWs.
According to Vision Systems, Nuance V2 provides superior optical quality, with clarity close to 100% and haze less than 3%. For
more information about Vision Systems solutions at Caravan Salon 2017, we invite you to read the Vision Systems press release.
Vision
Systems’ SPD-SmartGlass installed on a caravan at Knaus’ booth – Hall 4 / 07-14
Knaus
is a leading manufacturer of motorhomes, caravans (trailers) and camper vans in Europe. The company achieved sales greater than
410 million euros in fiscal year 2016. With over 1,500 employees, the company manufactured 16,366 caravans and motorhomes in 2016.
The world premiere of a floor-to-ceiling panoramic SPD-Smart Nuance V2 EDW, supplied by Vision Systems, is being featured on a
full caravan at Caravan Salon 2017.
Vision
Systems’ SPD-SmartGlass at Lippert Components’ booth – Hall 5 / C04
Lippert
Components is a world-leading supplier of premium components including to the recreational vehicle industry, with 52 manufacturing
and distribution facilities located throughout the United States, Canada and Italy. Lippert supplies a broad array of components
for the leading original equipment manufacturers of vehicles including recreational vehicles, buses, trucks, and trains. At Caravan
Salon 2017, visitors can experience a large SPD-SmartGlass dimmable window demonstrator supplied by Vision Systems.
In
addition to controlling the level of light and glare coming into a recreational vehicle, SPD-SmartGlass windows offer other advantages.
This technology provides unsurpassed thermal insulation – substantially rejecting solar heat from entering RVs through windows.
When compared to conventional automotive glass, Mercedes-Benz reported that the use of SPD-SmartGlass significantly reduced the
temperature inside the vehicle by up to 18 degrees F (10 degrees C). This increases passenger comfort and reduces air conditioning
loads, saving fuel and reducing CO2 emissions. SPD-SmartGlass delivers other benefits to the living space in an RV, including
acoustic insulation, elimination of blinds or pleated shades (reduced cleaning, rattling of shades and a general reduction in
interior noise) and keeping an unoccupied RV cooler. The SPD-SmartGlass achieves its maximum heat-rejection state when the RV
is parked/turned off and no power is consumed.
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.