Research Frontiers Incorporated · NASDAQ:REFR
Research Frontiers — Shareholder Meeting (June 2006)
14 slides from Research Frontiers's shareholder meeting presentation, Jun 8, 2006
Slide 1: Research Frontiers Incorporated Annual Meeting
Research Frontiers Incorporated Annual Meeting June 8, 2006 Joseph M. Harary, President
Slide 2: Highlight from Operations
Highlight from Operations Operating expenses down in each of the past 5 years R&D expenses down in 4 of the past 5 years Company in good financial shape Active R&D program and more than 450 patents and pending patents worldwide Currently 35 companies licensed to make emulsion, film and end- products
Slide 3: Developments Since Last Year's Annual Meeting
Developments Since Last Year’s Annual Meeting Technical issues resolved New inventions to improve performance of SPD SPD Control Systems licensed to make electronics Isoclima debuted SPD film at Vitrum show in Milan DIC license and production of SPD film Hitachi production of SPD film Asahi automoti
Slide 4: Markets for light-control
Markets for light-control: Numerous applications exist - Architectural - Automotive - Aerospace - Marine - Eyewear - Displays/filters - Others
Slide 5: Many Benefits of SPD-Smart Technology
Many Benefits of SPD-Smart™ Technology § Aesthetics § Comfort § Energy savings SPD-Smart § Glare reduction Products § Increased productivity § Noise reduction § Security § UV protection
Slide 6: Architectural Market
Architectural Market 40+ billion ft2 (new glass production) 20% 18% 290 billion ft2(existing glass) 22% 40% 1% of new glass production = 400 million ft2 of SPD film annually Market studies indicate that: Asia • 3.6% of all residential windows, and… North America • 6.2% of all commercial windows will
Slide 7: Importance of Architectural Market
Importance of Architectural Market Greater use of glass for aesthetic and functional purposes in architectural applications Recognition of the relationship between daylighting and employee productivity Approx. 60% of world’s glass goes towards architectural uses Increased energy consumption driving
Slide 8: Aircraft Windows
Aircraft Windows • Fixed-wing airplanes • Helicopters • Reduced weight • Fuel Savings • UV-blocking capabilities
Slide 9: SPD-Smart windows installed or engineered for the following aircraft
SPD-Smart windows installed or engineered for the following aircraft: • Airbus A319/A320/and other aircraft • Bell/Textron 430 Helicopter • Boeing 737,747,757,BBJ, and other aircraft • Bombardier Global Ex and Challenger 601,604 • Bombardier LearJet 24,25,31,35,36,45,55,60 • Cessna Citations I, II,I
Slide 10: Importance of Aircraft Market
Importance of Aircraft Market Strong interest by OEMs and private owners Multi-year testing and evaluation by OEMs Added benefit of weight savings as well as passenger/flight crew control and aesthetics Lightweight, fast, uniform and ability to use on plastic Large markets as original equipment and
Slide 11: Automotive Markets
Automotive Markets Sun Roofs ~15 million units in 2006 SPD sunvisors SPD sunroof (25% of 54 million SPD upper windshield cars and SUVs have SPD side windows factory installed sun SPD dashboard display and navigation system roofs) Panoramic Roofs 2003: 2% 2010: 40% Sun Visors 100 million units SPD re
Slide 12: Vehicles with all-glass roofs becoming more popular
Vehicles with all-glass roofs, long strips of glass or more expansive sunroof areas are becoming more popular and common. Mercedes R500 Sports Tourer Lexus LF-A Concept
Slide 13: Importance of Automotive Market
Importance of Automotive Market Strong interest by OEMs after multi-year testing and evaluation Growing need for light, heat and glare control as glass becomes more prevalent Fast, uniform switching, ultra-dark capabilities, and ability to use on large surface areas Large Markets: n 54 million new c
Slide 14: Licensee Supply Chain
Licensee Supply Chain Light Control Chemical SPD Film SPD End-Product Technology Emulsion Suppliers Manufacturers Supplier Suppliers AGC Automotive Americas American Glass Products Asahi Glass Company Avery-Dennison Air Products and Bekaert SA Chemicals BOS Automotive Air Products and BRG Group/Reid