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Jack Derby And Gregory Grimes Appointed To Expanded Board Of Directors Of Smart Glass Company Research Frontiers; Seth Van Voorhees Joins Company As Its CFO And Vice President Of Business Development

WOODBURY, N.Y., Dec. 30, 2010 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq:REFR), a pioneer in the development and commercialization of high-performance energy-efficient SPD-SmartGlass technology, announced that effective January 1, 2011, Jack Derby and Gregory Grimes have been appointed as new members to its expanded Board of Directors, and Seth Van Voorhees has joined the Company as its Vice President - Business Development and CFO, a newly-created position.

"As our company's SPD-Smart light-control technology has moved from the development stage to the beginning of widespread commercial adoption of products in multiple industries, there are tremendous opportunities ahead for Research Frontiers," said Joseph M. Harary, President and CEO of Research Frontiers Inc. "In order to best capitalize on these opportunities, it became apparent that we needed to expand our manpower and business expertise further. Greg, Jack and Seth have diverse talents and proven track records of success in business development, especially in the areas of technology-based products and luxury goods."

Jack Derby

As President of Derby Management, a management consulting firm focused in entrepreneurial and emerging growth markets, Jack brings extensive core experience in sales, marketing and strategic planning. Prior to forming Derby Management in 1990, Jack's background included positions as CEO of Mayer Electronics Corporation, President of CB Sports, President of Litton Industries Medical Systems, CEO of Datamedix Corporation and Executive Vice President of Becton Dickinson Medical Systems.

Jack is extremely active in the New England emerging and middle market business communities, and has been the Vice Chair of the Smaller Business Association of New England. He is currently or has been an active board member in twenty companies including fourteen companies that he has either co-founded or managed as the CEO. He was instrumental in restructuring the Board of the MIT Enterprise Forum, and has been a Director of MIT's Technology Capital Network, and the President of the University Club of Boston. Currently, he is Chairman of the Association for Corporate Growth of Boston and also served as a Director of ACG's Global Board. Jack is also currently the Director Emeritus of The Associated Industries of Massachusetts and is a Director at Accounting Management Solutions, The Alliance Companies, Beacon Hospice, Brainshark Corporation, Hybricon Corporation, Rome Snowboards and Ntirety Inc. Jack is also a board member of The Common Angels, one of the largest angel group investors in the U.S.

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