Research Frontiers (REFR) Message Board

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Technology Stocks : Research Frontiers (REFR)

REFR 1.940

-7.6%

3:39 PM EST

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To: Kevin Podsiadlik who wrote (2029)	5/4/2002 5:10:43 PM
From: N. Dixon	Read Replies (1) of 50245

Research Frontiers is no longer a “concept company.” Now that commercial production and sales of SPD film and end-products has begun, we anticipate a rising tide of licensee sales and rapid growth of earned royalties as our licensees sell products using SPD light-control technology. You can look at the report on the web site. They did report their first royalties last year. Apparently from the amount there were more than just a few aircraft windows sold. The projections for profits are still for a quarter this year and full year next year. This report confirms the progress of licensees and shows that royalties from sales have already begun. ND

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