Research Frontiers Incorporated · NASDAQ:REFR

Research Frontiers — Hitachi Chemical — Shareholder Meeting (June 2006)

14 slides from Research Frontiers's shareholder meeting presentation, Jun 8, 2006

  1. Slide 1: Hitachi Chemical's SPD Film Business

    1 Hitachi Chemical’s SPD Film Business SASE, Shigeo E-mail:s-sase@hitachi-chemical.co.jp Electrical & Advanced Materials Div. Hitachi Chemical Co., Ltd. Research Frontiers Annual Shareholders meeting at Fox Hollow Inn, June 8,2006

  2. Slide 2: Contents

    2 Contents  Introduction to Hitachi Chemical  Hitachi’s Approach to SPD  Properties of Hitachi’s SPD film  Summary

  3. Slide 3: Outline of Hitachi Chemical

    3 Outline of Hitachi Chemical Establishment : October 10, 1962 Hitachi Chemical Co., Ltd. was established in 1962 and began operations in 1963 with the transfer of the business assets of the Chemical Products Division of Hitachi, Ltd. Since then, based on the extensive technology platform it has acc

  4. Slide 4: Operating Results

    4 Operating Results Summary of Results (consolidated) Net Sales Net Income (Billions of yen) 602.7 (Billions of yen) 600 586.3 555.6 31.6 Net Sales 521.4 30 494.2 25.7 480.8 400 20 15.8 13.0 200 Net 10 Income 8.6 3.1 0 0 FY 2000 FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 *Numbers are rounded to the nea

  5. Slide 5: Segment Information (consolidated)

    5 Segment Information (consolidated) ● Housing Equipment and Environmental Facilities ・ Prefabricated Bathroom Units ・ System Kitchens ● Electronics Related ・ Home Boilers 14.4% Products ・ Semiconductor and ・ Domestic Wastewater Display Related Materials Treatment Systems Net Sales 45.2 % ・ Printed

  6. Slide 6: Business Group in Hitachi Chemical

    6 Business Group in Hitachi Chemical President Executive Officer’s Meeting (M. Sonogashira) Advanced Performance Materials Business Sector (E. Omori) Electrical & Advanced Materials Div. (S. Sase) E&A Materials Sales Dept. (H. Kusunose) E&A Materials R&D Dept. (S. Sase) E&A Materials Mfg. Dept. (H.

  7. Slide 7: Business Group in Hitachi Chemical

    7 Business Group in Hitachi Chemical President Executive Officer’s Meeting Advanced Performance Materials Business Sector Electrical & Advanced Materials Div. E&A Materials Sales Dept. E&A Materials Core R&D Dept. Competence in Technology ・ Advanced E&A Polymer Materials Mfg. Dept. ・ Crystal synthes

  8. Slide 8: SPD Film: Our Technological Fields

    8 Our Technological Fields Polymer Technology Nanotechnology ・ Polymer synthesis ・ Nanoparticle synthesi ・ Crystal synthesis s ・ Emulsion technology SPD Film SPD Emulsion Coating Technology SPD Technology of RFI

  9. Slide 9: Structure of SPD film

    9 Structure of SPD film ・ Orientable Particle Low Haze Fast Response ・ Micro-capsule Polymer Low Haze Fast Response Cross section(TEM High Durability x20,000) of SPD film ・ UV-cured Matrix Resin Low Haze High Durability

  10. Slide 10: Sample of SPD film

    10 Sample of SPD film View from our office

  11. Slide 11: SPD Project Staffing (Current)

    11 SPD Project Staffing (Current) R&D Group : 4 engineers Process Control Dept. : 4 engineers Pilot Manufacturing : 4 employees Sales Dept. : Tokyo (Hori) California (Kei) Düsseldorf (Takayama)

  12. Slide 12: Production plan

    12 Production plan Low haze, Fast speed response High Durability film ・ 480mm width film ’06/3~ ・ 1000mm width film ’06/10~ x20,000 Hitachi Chemical Co.,Ltd.

  13. Slide 13: Coating Capability

    13 Coating Capability 40,000 36,000m²/Mth 30,000 Capacity ～ ～ ～ ～ (m²/Mth) 2,000m²/Mth 2,000 1,000 100m²/Mth Width ’06/4~9 ’06/10~’07/9 ’07/10~ ’08 ’09 0.48m 1m 1.2m

  14. Slide 14: Summary

    14 Summary Hitachi Chemical develops SPD film with RFI 1) Feature of Hitachi’s SPD film ・ Low Haze ・ Fast response time ・ High Durability 2) Film production plan ・ 480mm width ’06/3~ ・ 1000mm width ’06/10~

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