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Technology Stocks : Research Frontiers (REFR)
REFR 1.560-2.5%Nov 7 3:59 PM EST
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To: Bill Wexler who wrote (1373)12/28/1999 8:51:00 PM
From: N. Dixon  Read Replies (1) of 50104
 
Bill,

I am not compensated by REFR. I am and have always been a long term shareholder (since 1992 - started w/600 shares now have almost 30K).Your comments on Robert Saxe are untrue. He has never promised products "next year." He had great hopes when he finally developed a workable film (that wasn't until the 90s) that a company would manufacture product. At that time I know he hoped a product would be out by 1995. It looked as if Glaverbel might do it but their corporate pulled the plug. It wasn't until 1997 when Hankuk announced commercialization that we had ANY licensee commit to going ahead. Hankuk is behind in their production schedule (but we expected that since Carl Lampert had come on the July 1998 conference call and given us an update as to how the Asian crisis was affecting them) but we now believe that they are ready. They have SPD on their web site and all reports from them have shown that they are continuing their work and commitment to getting out products.

So for us what you depict as a 35 year wait has actually only been 2 years. That wait is now over. SPD products are coming and we will most likely have several announcements this year that tell us the exact dates and products(there are 6 applications currently being worked on). I would expect those at any time.

ND
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