Research Frontiers Incorporated (NASDAQ:REFR) Q3 2023 Earnings Call Transcript

Unidentified Analyst: All right. Well, last question. Are there any warrant holders who could purchase stock now at a price less than the market?

Joe Harary: No.

Unidentified Analyst: All right. Thanks.

Joe Harary: Thanks a lot, Michael.

Operator: We have a question from John Nelson. Your line is open.

Unidentified Analyst: Hi, Joe. This is a follow-up. Earlier in the call, you mentioned the project near and dear t both of us due to the massive potential size of the market. The visor project, either attached or built into –

Joe Harary: Or build the wind field, right?

Unidentified Analyst: Yeah. Can you share without naming names? Can you share any further details on the visor project?

Joe Harary: So I could probably talk about what’s been public only. And in the McLaren there’s one version of the McLaren that has what’s called the charlotte roof, which is a panoramic roof that kind of wraps down into the windshield of the car, if you can imagine. So that — that band between the windshield and the roof is not metal. It’s still it’s a curve piece of glass. And they’ve actually done the Sun visor built into that. It’s been done in low volume. And for other manufacturers that have much higher volumes, we’ve had development projects building that into the windshield itself. And what’s cool about that, John, is that you can actually do multi-segmented — multiple segments in the Sun visor. So then if you combine that with, let’s say, a photo cell that detects were – [Technical Difficulty]

Unidentified Analyst: Hello.

Joe Harary: Ferrari we’ve seen to over last year. Okay. Is that better now?

Operator: Yes, you’re back, sir.

Joe Harary: Okay. Thank you. Yes. So you can adjust which segment of the Sun visor actually goes up and down or it goes dark or light with a photo cell when you build it into the Windshield.

Operator: All right. Thank you. And our next question comes from Alan Ginsberg. Your line is open.

Unidentified Analyst: Yeah. Hello, Joe. How are you?

Joe Harary: Hi, Alan, how are you?

Unidentified Analyst: I’m good. My question is a follow-up to one of the previous questions, and that has to do with suppliers. I understand what you said about fabricators, et cetera, but I’m sure that end users also look at the situation in Israel. So you mentioned Hitachi and that we’ll be hearing something. And I’m very interested in that as a second supplier. So can you give us a little more color on that?

Joe Harary: At this point? Okay. Thank you. I apologize. We had a voice over Internet issue, and I think it’s been resolved now.

Unidentified Analyst: Hello?

Joe Harary: Yes. Can you hear me?

Unidentified Analyst: Yes. Am I on the line with you now, Joe?

Joe Harary: You still are? Okay

Unidentified Analyst: Yes. Sorry. Hi. I had asked you about Hitachi, and that’s when we got cut off.

Joe Harary: Okay. Yes. At this point, I’m not able to give more details about that, but I think everyone will be very happy with some of the details when they do come out. And hopefully, there will be a time soon when I can do that.

Unidentified Analyst: So is that a near-term thing that we might hear something about it?

Joe Harary: It’s not within my control, but it could be very near-term.

Unidentified Analyst: Okay. That’s important to me. Thank you.

Joe Harary: You’re welcome

Operator: [Operator Instructions] And we have a question from Tom Smith. Your line is open.

Unidentified Analyst: Hi, Joe.

Joe Harary: Hi, Tom. How are you?

Unidentified Analyst: Good. So as you’ve probably seen, there was rumors the cyber truck might have sort of electrochromic. You opened the conference call mentioned in the cyber truck. Then you mentioned that at that time, it didn’t have SPD. I don’t think investors have much

Joe Harary: I don’t want you to read too much. I don’t want you to read too much into that.

Unidentified Analyst: Okay.

Joe Harary: It was more of an example of a vehicle that came out from a very reputable and innovative auto manufacturer that — that had its share of delays and technical issues too. –and it is the world we live in.