To: Dale Baker who wrote (8768 ) 2/9/2003 5:40:36 PM From: N. Dixon Respond to of 10293 Dale, ZIXI spent $30M to operate, REFR spends $4M. ZIXI has four primary product offerings: ZixVPM (virtual private messenger), ZixMail, ZixAuditor and ZixBlast. How does that compare to owning the rights to every product made with SPD technology and getting 5-10% of the net sale price? About SPD Technology and Research Frontiers Incorporated Research Frontiers Incorporated (RFI) develops and licenses suspended particle device (SPD) technology used to power SPD-Smart™ light-control glass and plastic products. SPD technology, made possible by a flexible light-control film invented by RFI, allows the user to instantly and precisely control the shading of glass/plastic manually or automatically. SPD technology has numerous product applications, including: SPD-Smart™ windows, sunshades, skylights and interior partitions for homes and buildings; automotive windows, sunroofs, sun-visors, sunshades, rear-view mirrors, instrument panels and navigation systems; aircraft windows; eyewear products; and flat panel displays for electronic products. SPD technology is covered by approximately 365 patents and patent applications held by RFI worldwide. Currently 20 companies are licensed to use RFI’s patented SPD light-control technology in emulsions, film, or end products. Additional information about RFI and its licensees can be found at smartglass.com The glass industry knows SPD is now one of the leaders in smart glass, someone should let Bill Wexler know too.glassonweb.com [note the photo in the article is SPD courtesy of their licensee in Australia the AGP Group] We have 20 companies who are pursuing these markets. It doesn't cost REFR to even go after them. All our work is done. Now we just collect the royalties, which have already begun. There's no comparison to the companies you listed. ND