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Microcap & Penny Stocks : The FR REFR Thread
REFR 1.860-4.1%Nov 3 3:59 PM EST
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To: firstresponder who wrote (1)11/9/2024 1:48:38 PM
From: firstresponder  Read Replies (1) of 70
 
RFI Q3 2024 CC post 2:

And more vehicle introductions using SPD technology are expected as early as this coming year. Sales of cars using our SPD SmartGlass technology at Ferrari and McLaren remain quite strong and Cadillac is just starting now.

An extremely high percentage of Ferrari customers and McLaren customers are all opting for the SPD SmartGlass roof and the SPD SmartGlass roof is standard on the Cadillac Celestiq.

We are on track to almost double the number of roofs sold to Ferrari and triple the number of roofs sold to McLaren compared to last year. So there are excellent results with existing models as SPD SmartGlass roof options become more and more popular on the cars that offer it.

Now regarding new customers and new models. After good meetings in Asia in August and in Europe starting in September October and more recently this week, I am quite optimistic that we will see multiple new car models with SPD SmartGlass come out as early as 2025 from carmakers in these different regions of the world.

What's particularly exciting is that the manufacturing cost of products using our technology has decreased significantly, making it feasible for use for the first time in moderately priced vehicles. This creates opportunities for higher volumes of SPD SmartGlass technology and middle market cars worldwide. Our launch project in Asia for this is still on track.

All of this and the expansion both among new OEMs and the extension to new car models within each OEM reinforces the strong validation of the value of our SPD SmartGlass technology that we offer to the automotive market.

Following LTI's retrofit product debut in AIA in June, we're seeing increased interest in SPD projects worldwide. While details aren't yet public, we expect further growth as architects adopt SPD for its energy saving and instant glare control capabilities. As recently as this week, we discussed more new projects and opportunities for SPD in the architectural market and their specifications.

I spent some time discussing our largest market in automotive and new models coming out there shortly, as well as architectural markets. I now want to move to our 2nd largest royalty generating market aircraft.

We also once again had higher revenues with double digit growth in the 2nd quarter and triple digit growth in the 3rd quarter. There have been fundamental improvement in that market for us as well. This stems from the way that decisions are made.e.

For general aviation aircraft, we're on the HondaJet and the King Air among other aircraft. In those and other areas, the OEM made the decision about putting our high performing SPD technology on the aircraft. The significant shift is that in the larger aircraft made by Boeing and Airbus, now the customer decides.

This has been tremendously enabling for our licensees selling SPD, EDWs because the performance in terms of switching speed is instantaneous and the wide change in tint also being uniform has made it an easier choice by the customer to pick SPD.

Cont'd
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