Research Frontiers Gets Investor Infusion
A group of investors has invested $2.85 million in Research Frontiers Inc., the developer and licensor of suspended particle device/light-control film technology. The company plans to use the investment to expand its operations, including increasing marketing activities for products using its switchable film technology, and for working capital and general corporate purposes, officials state.
"Recent events have created exciting opportunities in the SPD-SmartGlass industry," states Joseph M. Harary, Research Frontiers president and CEO. "Governments, businesses and people throughout the world are focusing more intensely on green building initiatives that save energy, encourage environmental stewardship and improve individual well-being. Several of our licensees have recently announced expansions of their facilities and production capacity for smart glass, launched products and increased their marketing visibility."
In particular, Harary points to "recently released independent data regarding energy efficiency and other sustainability benefits that SPD-Smart technology offers, and licensee news regarding targeted sales levels for SPD film."
Based in Woodbury, N.Y., Research Frontiers light-control film technology can be used in windows, skylights, curtainwalls, partitions, sunroofs and other products, allowing users to instantly and precisely control the light, glare and heat entering a building or vehicle. Its SPD-SmartGlass is instantly tunable to an infinite number of light transmission states regardless of window size, and easily adapts to individual preferences using control devices ranging from basic dimmer switches and photosensors to those that are integrated into a building's or vehicle's intelligent control system, according to the company.