During that time, I have seen first generation SPD film technology replaced by improved next-generation SPD light-control film with greater range and clarity. One major company, Hitachi Chemical, is now in production of this next-generation SPD film, and a second film manufacturer is expected to be on line with its own production shortly. Key licensees of our company have active businesses relating to Research Frontiers' SPD light-control technology, and are devoting substantial resources to developing those businesses. I have great confidence in our current management team, and now that two new highly-qualified individuals with strong business backgrounds relevant to our business have joined our Board of Directors, I can relax, attend to some health issues, and in a more limited supporting role, enjoy the benefits that I expect are in store for our shareholders and licensees over the next phase of Research Frontiers' growth."
Robert L. Saxe, Chairman of Research Frontiers' Board of Directors and founder of the company, noted some of Al Malvino's many achievements: "Al is a problem solver and creative thinker who has been an important contributor to our success in reaching this point of development in the Company's history. In addition to his publications in the field of electronics and other works, Al Malvino is the lead inventor on 71 patents and patent applications held by Research Frontiers worldwide on methods and devices for controlling SPD-Smart windows and other products. It has been a great pleasure working with Al, and I am especially pleased that he will continue to make his expertise available to Research Frontiers and our licensees and will remain active on our Advisory Board. He is not leaving the Research Frontiers family as much as he is changing his role within the family."
Albert P. Malvino, Ph.D., age 76, had been a Director of the Research Frontiers since August 2002, served as Chairman of the Company's Nominating Committee, and has also been a member of the Company's Advisory Board since June 2002. 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. He has written 10 textbooks that are used at universities, technical institutes and corporations worldwide and which have been translated into 20 foreign languages with over 108 editions, and which have sold over 2 million copies.