Item
7.01 Regulation FD Disclosure
LAS
VEGAS, NEVADA, OCTOBER 10, 2017
– Global aerospace transparency leader PPG Aerospace, in partnership with Vision Systems,
launched a new product today at the National Business Aviation Association Convention and Exhibition in Las Vegas, Nevada. Nuance
V2 Ultra Clear is a new product responding to the industry requests for aircraft cabin shading systems that allow for brighter
cabin interiors, while providing for more effective shading. This Electronically Dimmable Window (EDW) solution uses patented
SPD-Smart light control technology developed by Research Frontiers (Nasdaq: REFR).
Visitors
to PPG’s NBAA booth this week can also experience another second-generation SPD-Smart EDW product: Nuance V2 Dark, which
was launched by PPG and Vision Systems at EAA AirVenture in July.
For
more information on these EDW solutions, please visit the PPG NBAA booth (North Hall-N5109) or read the Vision Systems’
press release.
PPG
Aerospace and Vision Systems
Vision
Systems’ partnership with PPG Aerospace is another recent expansion of the robust global SPD aerospace supply chain infrastructure.
In a joint press release in May, PPG and Vision Systems announced the commercial agreement to work together on new applications
utilizing Vision Systems’ SPD-Smart EDW solutions – combining the considerable experience that both PPG and Vision
Systems have in supplying the aircraft industry with EDW systems. Within two months, OEM ONE Aviation announced the selection
of the PPG’s Alteos brand of SPD-Smart EDW window system for the Eclipse 700 – the first announced selection under
the PPG and Vision Systems agreement.
Improving
the Passenger Experience with SPD EDW Systems
The
clear goal in business and commercial aviation is to improve the passenger experience. A major innovation in this area is the
SPD EDW system, which delivers a potent and unique solution to improving how passengers feel while in flight. By allowing passengers
and flight crews to precisely tune the tint of the EDW to control the amount of daylight coming through windows, passengers continue
to comfortably enjoy views, rather than blocking their view with a shade. The system delivers other critical passenger experience
benefits including a cooler and quieter cabin due to remarkable thermal and acoustic insulation. Transmission of heat and noise
through cabin windows has historically been the weak link in providing passengers relief from outside elements, and an SPD-Smart
EDW system is the solution.
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.