GKN Aerospace Transparency Systems Inc. has acquired a license from Research Frontiers Inc. (Nasdaq: REFR), the developer and licensor of SPD-Smart(TM) light-control film technology. The license grants GKN Aerospace the right to manufacture and offer armored SPD-SmartGlass(TM) products utilizing Research Frontiers' patented light-control technology for armored transportation vehicles. The fees and minimum annual royalties payable to Research Frontiers and other license terms were not disclosed.
When integrated with glass or plastic sunroofs, windshields, side and rear windows, and other vehicle glazings, SPD-Smart film gives users the ability to rapidly, precisely and uniformly control the amount of light, glare and heat entering the vehicle. Under the license agreement, GKN Aerospace can offer armored SPD-Smart products to numerous transportation vehicle markets including passenger cars, trucks, trains, RVs, armored personnel carriers, tanks, amphibious vehicles and warships.
Read the full story
|