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Research Frontiers Reports First Quarter 2020 Financial Results
Management to Host Conference Call at 4:30 p.m. WOODBURY, N.Y., May 07, 2020 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR) announced its
About this update from Research Frontiers Incorporated
[{"type":"text","content":"Management to Host Conference Call at 4:30 p.m. \n WOODBURY, N.Y., May 07, 2020 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR) announced its financial results for its first quarter ended March 31, 2020. Management will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial and operating results as well as recent developments. Who: Joseph M. Harary, President & CEO, Seth Van Voorhees, CFODate/Time: Thursday, May 7, 2020, 4:30 PM ETDial-in Information: 1-888-334-5785Replay: Available on Friday, May 8, 2020 for 90 days at www.SmartGlass-IR.com Key First Quarter 2020 Comments: 1)In April 2020, Gauzy Ltd. announced that it secured Series C investments from Hyundai Motor Company, Blue Red Partners VC, and Avery Dennison. This strategic investment marks the first known equity investment by an automotive OEM in Research Frontiers’ entire industry. As part of the announcement of this investment, Gauzy confirmed that its state-of-the-art material synthesis facility in Israel, and its custom SPD production line strategically located in Germany are currently operating and producing SPD emulsion and light control film for the automotive, aircraft, and architectural industries, with modified staffing and procedures to protect Gauzy’s employees during the COVID-19 pandemic. In January 2020, Research Frontiers, Gauzy Ltd. and their customers showed 175 thousand attendees at this year’s CES new ways to benefit from SPD-SmartGlass. 2)On March 11, 2020 the World Health Organization declared the novel strain of coronavirus (COVID-19) a global pandemic and recommended containment and mitigation measures worldwide. As a result, the Company expects operations at its facility to be affected in some capacity, as the COVID-19 virus continues to proliferate and the federal, state and local governments under which we operate continue to adopt new rules. The Company has put in place enhanced procedures, such as restricting international and domestic travel, adopting a variety of steps designed to ensure social distancing in our facilities, including working remotely where available, and increasing our cleaning and sanitizing procedures in our facilities, in an effort to protect its employees and communities. The Company currently does not have the ability to assess whether the COVID-19 pandemic is likely to have a materi...