PARIS, June 18, 2013 (GLOBE NEWSWIRE) -- Vision Systems, a Research Frontiers (Nasdaq:REFR) licensee and tier-one supplier of SPD-Smart electronically dimmable windows announced today at the Paris Air Show that it is expanding its SPD-SmartGlass business activities by opening a production and operations facility in Melbourne, Florida.
Vision Systems will invest approximately $1.2 million in capital expenditures for this project. Vision Systems expects to hire workers for the new factory by the end of this year and generate about 40 manufacturing and engineering jobs within three years. Carl Putman, Vision Systems President and CEO, noted, "We felt it was essential for Vision Systems to be located in America. The office in Florida will enable us to be closer to our U.S. customers and to expand our business activities in this area."Details about Vision Systems and its SPD-Smart products are available by visiting the aerospace and automotive sections of their website. For information about Vision Systems and its SPD-Smart product lines, please contact: Jana PENZES HEBERT Product Manager Vision Systems JHEBERT@visionsystems.fr For further information about SPD-Smart light-control technology, Research Frontiers and its licensees please visit www.SmartGlass.com or follow us on our Twitter and Facebook sites. For inquiries, to arrange a presentation, or to visit the Research Frontiers Design Center, contact: Gregory M. Sottile, Ph.D. Director of Market Development Research Frontiers Inc. Info@SmartGlass.com +1-516-364-1902 About Research Frontiers Inc. Research Frontiers 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. Research Frontiers has built an infrastructure of over 40 licensed companies that collectively are capable of serving the growing global demand for smart glass products in automobiles, homes, buildings, aircraft and boats. 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" is a trademarks of Research Frontiers Inc. "Nuance" and "Noctis" are trademarks of Vision Systems. The photo is also available via Newscom, www.newscom.com, and via AP PhotoExpress.