Research Frontiers Incorporated · NASDAQ:REFR
Research Frontiers — Shareholder Meeting (June 2006)
23 slides from Research Frontiers's shareholder meeting presentation, Jun 8, 2006
Slide 1: Dainippon Ink & Chemicals, Inc.
Dainippon Ink & Chemicals, Inc. Research Frontiers Inc. Shareholders Meeting June 8, 2006 Tony Pirro, Vice President
Slide 2: DIC Corporate Overview
DIC Corporate Overview • Founded in 1908 • Headquarters - Tokyo, Japan • Diversified Global Chemical Company • 230 Affiliates and Subsidiaries In Over 60 Countries • 29,000 Employees Worldwide Tony Pirro, Vice President
Slide 3: 2005 Results
2005 Results Sales: $9.37 billion Operating Income: $450 million Net Income: $99 million Stockholders’ Equity: $1.35 billion Total Assets: $9.33 billion Tony Pirro, Vice President
Slide 4: Corporate Philosophy
Corporate Philosophy “The DIC Group is dedicated to being a creative, distinctive organization capable of innovating products that enhance the lives of people around the world.” Tony Pirro, Vice President
Slide 5: Review of Operations
Review of Operations Graphic Arts Materials Industrial Materials 4% 5% 14% High Performance & Applied Products H 51% 26% Electronics & Information Materials Others Tony Pirro, Vice President
Slide 6: Research & Development
Research & Development DIC Central Research Laboratories Sakura, Japan - Next Generation Technologies Independent Technical Departments Specialized Research - Current Market Requirements Overseas - 6 Principal R&D Centers Outside Japan Sun Chemical – U.S.A. & Europe DIC Berlin - Germany Qingda
Slide 7: Consolidated R & D Investment
Consolidated R & D Investment Approximately $140 million 6% increase from previous year 1.49% of net sales Tony Pirro, Vice President
Slide 8: Corporate Goals & Activities
Corporate Goals & Activities Reduce the environmental impact of core activities. Lower energy and resource consumption. Minimize generation of solid waste. Develop environmentally sound products. Guarantee comprehensive and safe management of chemical substances. Realize “zero” occupatio
Slide 9: Product Focus
Product Focus Develop innovative products by focusing on four essential concepts: Color-related chemicals: (Inc. Photochromic Glass Colorants – SPD) Coatings Environmental conservation Increasing the role of information in society Tony Pirro, Vice President
Slide 10: DIC International (USA), LLC
DIC International (USA), LLC “Sales & Marketing Arm” for Dainippon Ink & Chemicals, Inc. in the Americas North American HQ – Teaneck, NJ Satellite Offices Irvine, CA Houston, TX 21 employees 8 Sales Managers 13 Sales Assistants / Support Staff 3 Accounting members Numerous Indepe
Slide 11: DIC International (USA), LLC North America – Strategic Agenda
DIC International (USA), LLC North America – Strategic Agenda Focus on “New Business” Established “New Business Team” Investigate opportunities Coordinate with DIC HQ Allocating resources and re-defining job responsibilities to optimize new business opportunities Prioritize new product l
Slide 12: Chronology of DIC’s SPD Involvement
Chronology of DIC’s SPD Involvement 1999: Began working to produce SPD emulsion Allocation of financial resources and manpower to SPD Project Ongoing information exchange / product review with RFI Sample submissions (emulsion & film): evaluation, feedback from licensees Continuous efforts
Slide 13: SPD Product Line
SPD Product Line Commercialized SPD-Smart Products: CONFOVIEW: - DIC CONFOVIEW Film - DIC CONFOVIEW Emulsion Tony Pirro, Vice President
Slide 14: DIC’s SPD Objective
DIC’s SPD Objective Supply CONFOVIEW film & emulsion for all SPD applications - Aerospace - Architectural - Automotive - Marine Tony Pirro, Vice President
Slide 15: DIC Global SPD Network
DIC Global SPD Network The “CORE” SPD Team: + 4 Technical Group Members + 9 Sales, Marketing & Support Members + 3 Senior Management Members *Many more DIC members in Japan, U.S.A. and Europe support our day-to-day SPD business.* Tony Pirro, Vice President
Slide 16: SPD Project Team Key Members: Japan
SPD Project Team Key Members: Japan DIC – Plant 18, DIC – HQ Kashima, Japan Tokyo, Japan Technical Department Sales & Marketing GM - Technical Dept. GM – Pigment Div. SPD Project Manager Sales & Marketing SPD Technical Leader Sales & Marketing Assistant Manager Sales Representa
Slide 17: SPD Project Team Key Members: U.S.A. & Europe
SPD Project Team Key Members: U.S.A. & Europe DIC International DIC Europe (U.S.A.) Teaneck, NJ Dusseldorf, Germany President President Vice President General Manager Sales Director Sales Assistant / Traffic Sales Assistant / Traffic Tony Pirro, Vice President
Slide 18: SPD Team - Expansion
SPD Team - Expansion Current Expansion Adding Technical Group Members To increase current group capabilities To support current efforts To accelerate & expand our SPD business Future Plan Designate Additional Sales, Marketing & Support Staff in all geographic regions Committed to exp
Slide 19: DIC CONFOVIEW Film Production
DIC CONFOVIEW Film Production Current Current Capacity of 2000 sheets / mo. Sheet fed production Future Plan Increase capacity to meet market requirements Produce minimum 1m (39.4in) width film Pursue alternate production methods (roll coating, etc.) to achieve objectives Tony Pirro, V
Slide 20: Sales, Marketing & Support Plan
Sales, Marketing & Support Plan Work closely with RFI licensees - Identify true demand / plan for adequate production capacity - Support all applications - Support specific licensee / end-user projects - Joint visits with licensees to end-users - Promote SPD technology to global markets Tony Pirro
Slide 21: Sales, Marketing & Support Plan
Sales, Marketing & Support Plan Coordinate Internal Efforts Establish “internal network” within DIC to address all technical requirements, support projects globally, meet customer demand and promote SPD sales. Implement a global communication system for DIC’s SPD Team. Tony Pirro, Vice Preside
Slide 22: Sales, Marketing & Support Plan
Sales, Marketing & Support Plan Work with all levels of SPD supply chain Exchange technical and market information with RFI & licensees to optimize synergies and promote SPD. Provide newly developed, improved samples to laminators, licensees, etc. to assist with refinement of process. Tony Pir
Slide 23: Moving Forward
Moving Forward Continue “Partnering” with RFI licensees Shared dedication & enthusiasm Continue offering support to all levels of SPD supply chain Plan future production to meet market needs Ongoing commitment to SPD business Tony Pirro, Vice President