WOODBURY, N.Y., Feb. 16, 2011 (GLOBE NEWSWIRE) -- To celebrate the milestone of Daimler selecting Research Frontiers' (Nasdaq:REFR) SPD-SmartGlass technology for the new MAGIC SKY CONTROL glass roof option on their new Mercedes-Benz SLK roadster, Joseph M. Harary, President and CEO of Research Frontiers Inc., will ring the Closing Bell this afternoon at 4:00 PM EST at the NASDAQ MarketSite in New York City. People can view the live webcast of the Closing Bell ceremony by going to http://www.nasdaq.com/about/marketsitetowervideo.asx at 3:45PM EST on Wednesday. Research Frontiers' SPD-SmartGlass technology also will be featured in a video shown on the NASDAQ MarketSite Tower overlooking Times Square. This video is available here: http://www.youtube.com/user/spdsmartglass#p/u/5/vANA8R_RoQA. In addition, veteran business journalist Jill Bennett has interviewed Research Frontiers President and CEO Joseph M. Harary at the NASDAQ MarketSite to discuss the company's smart glass industry, strategy, financials and positioning. This interview is available online. The Mercedes-Benz SLK, which debuted on January 29, 2011, is the first large-scale series production vehicle to offer SPD-SmartGlass technology, which can save energy and enhance the driving experience. This represents a major mass production milestone for the SPD industry and "smart glass" in general, as dimmable glass moves from a small-format rear view mirror application to large-format applications across multiple industries including automotive, architecture, aerospace and marine. Daimler selected SPD-SmartGlass technology after evaluating various technologies and subjecting the MAGIC SKY CONTROL roof with SPD-Smart technology to extensive durability and performance testing in the most extreme environmental conditions on Earth. Research Frontiers is the only company in the world to have energy-efficient smart window shading technology in mass production and has licensed its patented technology to most of the world's largest automotive glass manufacturers. About Research Frontiers Inc. Research Frontiers Inc. (Nasdaq:REFR) is the developer of SPD-Smart light-control technology, which allows users to instantly, precisely and uniformly control the shading of glass or plastic, either manually or automatically. Having spent over $80 million to date to develop its technology, Research Frontiers currently holds approximately 500 patents and patent applications and has built an infrastructure of 39 licensed companies that collectively are capable of serving the growing global demand for smart glass products in automobiles, homes, buildings, aircraft and boats. Further information about SPD-Smart technology, Research Frontiers and its licensees can be found at www.SmartGlass.com. Note: From time to time Research Frontiers may issue forward-looking statements which involve risks and uncertainties. This press release contains forward-looking statements. Actual results could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. "SPD-Smart" and "SPD-SmartGlass" are trademarks of Research Frontiers Inc. "MAGIC SKY CONTROL" and "Mercedes-Benz" are trademarks of Daimler AG.
For further information or to schedule a visit to the Research Frontiers Design Center, please contact:
|Seth Van Voorhees, Vice President-Business Development and CFO|
|Research Frontiers Inc.|