Research Frontiers Inc. recently reported its financial results for its fourth quarter and full year ended December 31, 2015.
Key 2015 Highlights were:
•Revenues increased by more than 25% to $2.0 million in 2015 compared to 2014.
•All market sectors (automotive, aerospace, architectural, marine and museum) achieved higher revenues in 2015 compared to 2014.
•Magic Sky Control™ option on new Mercedes-Benz S-Class vehicles in 2015:
•Full year of revenues from the Magic Sky Control™ option on the new Mercedes-Benz S-Class Coupe.
•Revenues from the Magic Sky Control™ option on the S-Class Maybach S600 X222 began in spring 2015.
•Revenues from the Magic Sky Control™ option on the high volume S-Class Long Wheel Base V222 began in late 2015.
•Three aircraft manufacturers announced SPD-Smart dimmable window products as standard equipment in new or upcoming production aircraft:
•Honda Aircraft Company: The new HondaJet, with first delivery in December 2015, comes with SPD-Smart electronically dimmable windows as standard equipment on all passenger windows.
•Textron-Beechcraft will have SPD-Smart electronically dimmable windows as standard equipment on all models of its King Air aircraft:
•Dassault Aviation: The new Falcon 5X, with first deliveries expected in 2020, will come with SPD-Smart electronically dimmable skylights as standard equipment.
•Increased interest and use of SPD-Smart dimmable window products in architectural, marine and museum industries.
Research Frontiers is the developer of SPD-Smart light-control technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic, either manually or automatically. Research Frontiers has built an infrastructure of over 40 licensed companies that collectively are capable of serving the growing global demand for smart glass products in automobiles, homes, buildings, museums, aircraft and boats. More information is available at www.SmartGlass.com, and also on Facebook, Twitter, LinkedIn and YouTube.