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Technology Stocks : Research Frontiers (REFR)

REFR 1.620

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12:51 PM EST

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To: Turs who wrote (1603)	6/9/2001 9:29:21 PM
From: N. Dixon	Read Replies (2) of 50302

Yes, I did ask Mr. Lang. I also spent 3 hours at the show speaking with several manufacters of windows and shading regarding what the current trends and pricing were.The current technology for self-dimmable windows used on corporate aircraft involves a shutter-like film put between two panes of glass. That window, which has been used on corporate jets, costs in the neighborhood of $5000 PERwindow. Yes that's five thousand with three zeros PER window. The $400 per window price would only be for a large contract involving the larger planes. The smaller corporate jets would probably be double or triple that. That would be $40-$120 per sq. ft of SPD film for RFI. Of course you can imagine with all the other products Hanglas is involved with how these royalties will grow quickly. ESPECIALLY for a company with no debt and such a small burn rate. That is why I told Selvin to enjoy the rest of the year as more information regarding end-users and specific SPD products unfold. TTFN ND

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