Richard, all license agreements with REFR are open-ended, meaning
there are no expiration dates. This includes GE. Whoever said that
there was an 18 month agreement with them is wrong--the licensing
agreement with GE is still in effect. They were basically interested
in manufacturing SPD film for REFR. Meanwhile, REFR already has two
licensees that want to manufacture this film, Material Sciences and
Hankuk Glass. If GE wants to join the party and manufacture SPD film,
fine, if not, fine!(IMHO) Hankuk Glass has already publicly stated
that they expect to begin commercial production using the film in 1998.
So, let's all relax, as shareholders, and let the process develop!
The shareholders in this company should do very, very well over the
next several years!! Sincerely, Ted Campbell
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