To: Fred g who wrote (830 ) 7/4/1998 7:21:00 AM From: N. Dixon Respond to of 50068
Fred, You can list every licensee you want. Just read my post regarding what the long-term investor in REFR has understood ALL ALONG!!!! <<We understood that the company by licensing this technology saved us MILLIONS of dollars in research and development by getting the necessary technological expertise from a variety of industries. We knew that not all these licensees were expected to IMMEDIATELY develop products nor was it necessary to our future profitability that they do so.>> Estimates are it has cost 25MILLION to develop SPD and bring it to market. Saxe and his crew did it and REFR has NO DEBT, cash reserves of 9 MILLION dollars with a burn rate of LESS THAN 3 MILLION and 2 licensee who are manufacturing product (HANKUK AND MSC) next year resulting in SUBSTANTIAL ROYALTY INCOME!!!! (CONSERVATIVE estimates are $100 MILLION which will go to the BOTTOM LINE since we don't have ANY manufacturing costs. When asked at an online conference what they intended to do with this income, Joe Harary replied that REFR intends to become a "royalty-collecting, dividend paying CASH MACHINE!!!) More on Yahoo re:rear-view mirror << olsok Jul 4 1998 12:20AM EDT The estimated market for self-dimmable rear-view mirrors is currently around $100 million annually, and is growing rapidly and expected to continue growing rapidly for the next decade. At present, electrochromic self-dimming mirrors are utilized in many automotive models and account for over 3 million of the estimated annual worldwide production of 150 million rear- view mirrors for new cars and trucks. SPD mirrors change faster (not only from light to dark to prevent eyestrain and temporary blindness from the glare of approaching headlights, but also changing from dark to clear to permit full visibility to return when driving conditions require it), and therefore should be safer, than the electrochromic mirrors currently on the market. Studies have shown that self-dimming rear-view mirrors can not only improve driving comfort, but can also improve safety by reducing the reaction time to driving hazards. SPD rear-view mirrors, with their virtually instantaneous reaction time, feature "real time" switching in which the mirror can automatically adjust to an infinite number of intermediate levels of glare reduction, rather than merely switching from light to dark. The Department of Transportation safety regulation requires that the reflectance of a powered multi-reflectance mirror be at least 35% in the unpowered state or be adjustable to do so. The Company stated that proprietary technology now exists to enable SPD mirrors to meet that standard. The Company intends to form a joint venture or license arrangement with a tier-one automotive supplier and discussions have commenced with several such manufacturers. With the U.S. Department of Transportation's formal interpretation, these discussions can now move ahead.>> Boodoggie, yes you sniffed out the right skunk who wasted our time with, "Frenchie." This cockroach does not need a backdoor to come in. He comes in through the cracks. Shorty and his desparados are organizing as we speak and will be mounting another furious attack on the company as soon as the stock price starts to move up or on more company news. >>