Research Frontiers (NASDAQ: REFR) stock was down -23.60% to $3.01 in the pre-market session. The Company manufactures high-tech protective films that instantly, precisely, and uniformly control the shading of glass or plastic products, whether manually or automatically. Over 40 companies have licensed Research Frontiers’ smart glass technology, including well-known chemical, material science, and glass companies.
What’s moving the stock?
Cadillac announced the debut of the upcoming CELESTIQ full-electric flagship by General Motors (GM) CEO Mary Barra’s keynote address at CES. CELESTIQ is scheduled to go on sale in 2023, Automotive News noted.
The full-glass roof of CELESTIQ is supposed to be one of the first to have smart four-quadrant, suspended-particle (SPD) windows. Each vehicle passenger can set its degree of roof clarity with this smart glass. The driver and front-seat passenger will experience the comfort of a pillar-to-pillar freeform display with active privacy to keep them distracted. At the same time, the rear seats will enjoy personalized entertainment screens. There will be separate console screens for individualized comfort settings and entertainment displays between the front and rear seats.
So how is REFR connected to this news?
Research Frontiers (Nasdaq: REFR) invented and patented SPD-Smart light-control films, which play a crucial role in SPD-SmartGlass products. The film can be either manually or automatically used to tint glass or plastic products instantly, precisely, and uniformly. Thousands of cars, aircraft, yachts, trains, homes, offices, museums, and other buildings use Research Frontiers’ smart glass technology.
With SPD-SmartGlass’ light control technology, you can instantly and automatically adjust the tint of your windows using a smartphone, tablet, smart speaker, smart home system, or another device – the tint can be as dark as 95% of light or as transparent as 125% heat. Consequently, energy can be saved, privacy created, and comfort and security increased.