Diamond Sea Glaze Licensed By Smart Glass Company Research Frontiers To Manufacture And Sell SPD-Smart Marine Products
LANGLEY, British Columbia and WOODBURY, N.Y., Dec. 14, 2010 (GLOBE NEWSWIRE) -- Diamond Sea-Glaze Manufacturing Ltd. (DSG) and Research Frontiers Inc. jointly announced to the yacht industry today that DSG has become licensed to make SPD-Smart marine windows and other products worldwide. When Research Frontiers' patented SPD-Smart light-control technology is used in yacht windows and other products, users can instantly and precisely control and "tune" the amount of light, glare and heat coming through their windows, while preserving their view.
The non-exclusive worldwide license provides for a 15% royalty to Research Frontiers on sales of licensed products including windows, hatches, doors and partitions. The minimum annual royalties and other license terms were not disclosed.
"Diamond Sea Glaze's marine glazings are used throughout the world on boats ranging from government and commercial vessels, to pleasure boats and yachts," said Dave Bockhold, CEO of DSG. "Many of our customers are now asking for products that provide advanced light-control, and we have been working with a major yacht manufacturer as our first launch customer for SPD-Smart windows. Our evaluation indicates that SPD-Smart technology can exceed the demanding needs of our customers due to its extraordinary ability to quickly adjust its tint to any desired level, including very dark states that can exceed 99.5% light-blockage. We anticipate that marketing activities with this new product will begin early in the second quarter of 2011 with integration into our launch customer's megayacht product line later in the year."
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