Research Frontiers Names Albert P. Malvino Director

    WOODBURY, N.Y.--Aug. 26, 2002--Research Frontiers Incorporated :

    Electronics Expert and Author of Internationally-Used Electronics Textbooks Concludes That SPD-Smart Windows are Extremely Efficient and
    Can be Operated for Pennies Per Month

    Research Frontiers Incorporated , the developer and licensor of fast-responding SPD light-control technology, announced today that it has appointed Albert P. Malvino to a newly-created position on its expanded Board of Directors. Dr. Malvino had previously served on Research Frontiers' Advisory Board.
    Since joining Research Frontiers' Advisory Board in June of this year, Dr. Malvino has designed various control circuits and has made improvements in the electronics used to operate SPD-Smart(TM) windows and other products. He has advised and worked closely with the Company's licensees on developing their controllers. Some of his research has already demonstrated that power losses of SPD windows are approximately one-tenth of that previously thought. With a well-designed controller, an average SPD smart window will use less than 0.06 watts per square foot of window area in its fully clear state. No power is used to keep these windows fully tinted. An average casement window with 16 square feet of window area will use less than 5 cents per month if run continuously 24 hours per day in its clear state.
    Dr. Malvino trained at the Naval Electronics Technician School and graduated from the University of Santa Clara Summa Cum Laude in 1959 with a B.S. degree in Electrical Engineering. For the next five years, he worked as an electronics engineer at Microwave Laboratories and at Hewlett-Packard while earning his MSEE from San Jose State University in 1964. He then taught at Foothill College for the next four years, wrote five textbooks, and was awarded a National Science Foundation Fellowship in 1968. After receiving a Ph.D. in Electrical Engineering from Stanford University in 1970, Dr. Malvino embarked on a full-time writing career, creating and revising electronics-technology textbooks now used throughout the world. In 1984, he founded Malvino Inc. to publish animated textbooks and other educational software for electronics. His newest McGraw-Hill textbooks feature animated concepts, circuit-simulation software, and state-of-the-art teaching tools. Since 1967, Dr. Malvino has been one of McGraw-Hill's most successful textbook authors. He has written 10 textbooks that have been translated into 20 foreign languages with over 108 editions. He is an internationally recognized author whose textbooks have sold more than 2 million copies and are used at universities, technical institutes and major corporations worldwide.

    About SPD Technology and Research Frontiers Incorporated

    Research Frontiers is a technological leader in the development and licensing of suspended particle devices (SPDs) - electrically operated light-control devices using proprietary particle suspensions and films. SPD technology allows you to instantly and precisely control how clear or dark glass or plastic is, and adjust its light transmission by either turning a knob to control the applied voltage or having the device automatically adjust itself by means of a photocell or other sensing or control device. This is made possible by a thin flexible film which uses SPD light-control technology invented by Research Frontiers.
    SPD technology has many applications, including SPD-Smart(TM) windows and sunshades for homes and buildings, skylights and interior partitions. A smart window product using SPD film provides relief from glare or heat without blocking view, while also enabling privacy whenever desired, protection from UV damage, promotion of energy conservation, and other benefits. In automotive vehicles, SPD-Smart products can include windows, sunroofs, sunvisors, sunshades, rear-view mirrors, instrument panels and navigation systems. In aircraft, replacing existing window shades with SPD film can improve passenger satisfaction and comfort, while also reducing fuel consumption, maintenance, downtime and cost of operation. SPD-Smart eyewear products - sunglasses, sport goggles such as ski goggles, and visors - will continuously and instantly control glare to the degree needed.
    In an SPD display, electronic drivers will selectively "address" (open and close) tiny segments of the SPD film. SPDs may be used to make brighter, easier-to-read screens in products such as laptop computers, cell phones, and handheld devices such as PDAs - personal digital assistants. In advertising, promotion, and retail sales environments, SPD displays offer display advertising advantages, bringing large, thin, flexible yet changeable displays to stores, store windows, point-of-purchase displays, billboards, truck sidings, road signs, and other signage applications.
    SPD technology is covered by approximately 365 patents and patent applications held by Research Frontiers worldwide. As part of a global infrastructure, Research Frontiers has licensed the following sixteen companies to use its patented SPD light-control technology in emulsions, film, or end-products: AP Technoglass; Avery Dennison Corporation; BOS GmbH & Co. KG, Dainippon Ink and Chemicals Incorporated; Film Technologies International, Inc.; General Electric Company; Glaverbel, SA; Global Mirror GmbH & Co. KG (Lang-Mekra); Hankuk Glass Industries Inc.; Hitachi Chemical Co., Ltd.; InspecTech Aero Service, Inc.; Isoclima S.p.A.; N.V. Bekaert S.A.; Polaroid Corporation; Razor's Edge Technologies Inc.; and ThermoView Industries, Inc. Licensees of Research Frontiers who incorporate SPD technology into end products will pay Research Frontiers a royalty of 5-10% of net sales of licensed products under license agreements currently in effect. Additional information about Research Frontiers and its licensees can be found on the Internet at http://www.refr-spd.com. Research Frontiers' common stock trades on the Nasdaq National Market under the symbol "REFR."

    Note: From time to time the Company may issue forward looking statements which involve risks and uncertainties. This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results could differ and are not guaranteed. Any forward looking statements should be considered accordingly. SPD-Smart(TM) and Powered by SPD(TM) and The View of the Future - Everywhere you look(TM) are trademarks of Research Frontiers Incorporated.