Item
7.01 Regulation FD Disclosure
Woodbury,
New York. June 29, 2020 – Research Frontiers (Nasdaq: REFR)
announced that it has been added to the
Russell 2000® Index effective at the U.S. market open today, June 29, 2020.
The
Annual Russell index reconstitution captures the 4,000 largest US stocks ranking them by total market capitalization. Membership
in the U.S. Russell 2000 Index® remains in place for one year and also means automatic inclusion in the appropriate growth
and value style indices.
Russell
indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment
strategies. Approximately $9 trillion in assets are benchmarked against Russell’s U.S. indices. Russell indices are part
of FTSE Russell, a leading global index provider.
“We
are pleased that we have been able to build shareholder value steadily over the past several years and are now included in the
Russell 2000® Index,” said Joseph M. Harary President and CEO of Research Frontiers. “We believe our inclusion
in this index will positively impact the liquidity in our stock and create an opportunity to increase our exposure and share our
compelling story about how SPD-SmartGlass has become the best performing smart window technology in the world, and how it increases
energy efficiency, reduces CO2 emissions, increases the driving range of electric vehicles, and makes people more comfortable
and secure in their vehicles, homes and offices.”
For
more information on the Russell 2000 and the Russell index reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
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.