UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE
OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 12,
2021
RESEARCH
FRONTIERS INCORPORATED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
|
DELAWARE |
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000-14893 |
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11
-2103466 |
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(STATE
OR OTHER JURISDICTION |
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(COMMISSION |
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(IRS
EMPLOYER |
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OF
INCORPORATION) |
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FILE
NUMBER) |
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IDENTIFICATION
NO.) |
240
CROSSWAYS PARK DRIVE
WOODBURY, NEW YORK 11797-2033
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
REGISTRANT’S
TELEPHONE NUMBER, INCLUDING AREA CODE: (516) 364-1902
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
|
[ ] |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) |
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| [ ] |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
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| [ ] |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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| [ ] |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act
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Title
of each Class |
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Trading
Symbol(s) |
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Name
of each exchange on which registered |
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Common
Stock, par value $0.0001 per share |
|
REFR |
|
The
NASDAQ Stock Market |
Item
7.01 Regulation FD Disclosure
RESEARCH
FRONTIERS’ SPD-SMARTGLASS TECHOLOGY DEBUTS AT CES
IN CADILLAC CELESTIQ ELECTRIC VEHICLE
Woodbury,
New York. January 13, 2021 – In conjunction with General Motors CEO
Mary Barra’s keynote address at CES, Cadillac announced the debut
of its future flagship ultra-luxury fully electric CELESTIQ sedan.
Automotive News noted that the CELESTIQ is expected to go on sale
in 2023.
CELESTIQ’s
full-glass roof is expected to be one of the first to feature a
four-quadrant, suspended-particle-device (SPD) smart glass. With
this smart glass, each occupant of the vehicle can set their own
level of roof transparency. The driver and front-seat passenger
will enjoy a pillar-to-pillar freeform display with active privacy
to help mitigate driver distraction while rear-seat passengers have
personalized entertainment screens. Console screens between seats
in the front and back will separate individualized comfort settings
from entertainment displays to minimize distractions.
SPD-Smart
light control film, invented and patented by Research Frontiers
(Nasdaq: REFR), is a key component in SPD-SmartGlass products. This
film allows users to instantly, precisely and uniformly control the
shading of glass or plastic products, either manually or
automatically at the touch of a button. Products using Research
Frontiers’ smart glass technology are being used in tens of
thousands of cars, aircraft, yachts, trains, homes, offices,
museums and other buildings.
Joseph
M. Harary, President and CEO of Research Frontiers, noted:
“SPD-SmartGlass will give each occupant of the CELESTIQ the ability
to control the heat, light and glare coming into the vehicle,
enhancing comfort, security and privacy, while also allowing them
to better see information on their entertainment systems and
devices. SPD-SmartGlass also can increase the driving range of
electric vehicles.”
SPD-SmartGlass
light-control technology offers instant and uniform control of the
tint of windows that permits them with the touch of a button or
automatically using a smartphone, tablet, smart speaker, smart home
systems, or other control devices to change tint from dark
(blocking over 99.5% of light and 95% of heat) to clear, or any
level in between. This saves energy, creates privacy, and increases
comfort and security.
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.
Research
Frontiers patented SPD-SmartGlass technology is the same
best-selling smart window technology that can be found on various
car models from Daimler, McLaren Automotive, and other auto makers.
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, and more recently on four announced
McLaren models, 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.
Shortly
after its introduction into serial production in the automotive
industry, SPD-SmartGlass has become standard equipment on many
different aircraft, and is also used in residential and commercial
architectural applications, in trains, yachts and other marine
vehicles, in display applications, and to protect light-sensitive
artwork and documents in major museums around the world.
About
Research Frontiers Inc.
Research
Frontiers (Nasdaq: REFR) is a publicly traded technology company
and the developer of patented SPD-Smart light-control film
technology which allows users to instantly, precisely and uniformly
control the shading of glass or plastic products, either manually
or automatically. Research Frontiers has licensed its smart glass
technology to over 40 companies that include well known chemical,
material science and glass companies. Products using Research
Frontiers’ smart glass technology are being used in tens of
thousands of cars, aircraft, yachts, trains, homes, offices,
museums and other buildings. For more information, please visit our
website at www.SmartGlass.com, and on Facebook, Twitter, LinkedIn
and YouTube.
Note:
From time to time Research Frontiers may issue forward-looking
statements which involve risks and uncertainties. This press
release contains forward-looking statements. Actual results could
differ and are not guaranteed. Any forward-looking statements
should be considered accordingly. “SPD-Smart” and “SPD-SmartGlass”
are trademarks of Research Frontiers Inc. “Cadillac” and “Celestiq”
are trademarks of General Motors. “MAGIC SKY CONTROL” and
“Mercedes-Benz” are trademarks of Daimler AG.
For
further information, please contact:
Joseph
M. Harary
President and CEO
Research Frontiers Inc.
+1-516-364-1902
Info@SmartGlass.com
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.
Item
9.01. Financial Statements and Exhibits.
(c)
Exhibits.
99.1
Research Frontiers Press Release dated
January 13, 2021.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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RESEARCH
FRONTIERS INCORPORATED |
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/s/
Joseph M. Harary |
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By: |
Joseph
M. Harary |
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Title: |
President
and CEO |
Dated:
January 13, 2021
