ALPHA PRODUCTION YACHT FROM CHEOY LEE SHIPYARDS TO USE RESEARCH FRONTIERS SPD-SMARTGLASS SUPPLIED BY DIAMOND SEA GLAZE

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ALPHA PRODUCTION
YACHT FROM CHEOY LEE SHIPYARDS TO USE

RESEARCH FRONTIERS SPD
-
SMARTGLASS

SUPPLIED BY DIAMOND SEA GLAZE


Fort
Lauderdale, Florida


October 27
, 2011
.
At the Fort Lauderdale International Boat Show,
Cheoy Lee Shipyards unveiled the

Alpha, its most advanced production yacht, which is fully
-
equipped with the latest design features including SPD
-
SmartGlass supplied by Research
Frontiers (Nasdaq: REFR) licensee Diamond Sea Glaze.
When Research Frontiers’ patented
SPD
-
Smart light
-
control

technology is used in yacht windows and other products, users can
instantly and precisely control
or

“tune” the amount of light, glare and heat coming through their
windows, while preserving their view.

Use of SPD
-
SmartGlass also enhances security and
pri
vacy.


The Alpha has approximately 150 square feet of SPD DiamondSmart
™ glass at various places
throughout the vessel. The Cheoy Lee Alpha is the first large
-
scale production yacht to make
such extensive use of SPD
-
SmartGlass. The main cabin is predominantly surrounded by SPD
-
SmartGlass with large SPD
-
SmartGlass panels on th
e port and starboard side to eliminate the
need for interior window coverings, while also enhancing comfort and panoramic views from the
yacht. In addition, the Alpha has two large
curved
SPD
-
SmartGlass
skylights
to bring
daylighting onboard while controll
ing heat, light and glare without the need for shades. The
SPD
-
SmartGlass onboard can be controlled by the boat’s security system or by an Apple iPad
.

More information about the new Alpha yacht can be found at:
http:
//www.cl
-
alpha.com
.


The Alpha’s development was a focused
and
collaborative effort among many talented strategic
partners to create an avant
-
garde, elegant and technologically advanced
production
yacht
offering many design elements and features new to t
his class of yachts. Michael Peters Yacht
Design was selected to design a fast
,

contemporary yacht with global appeal, with unique,
aggressive styling
,

a modern hull design
, and

state
-
of
-
the
-
art composite construction. Exterior
features include alfresco di
ning, sunbeds, aft deck Jacuzzi, an extra
-
large swim platform, and one
of the largest entertainment areas in its class.


Luiz de Basto Designs designed an interior that is practical and gives the feeling of a much larger
yacht. The integration between the
main salon and helm on one level, and the galley and dinette
on a lower level
,

is unique in its openness
.


Central to this feeling is the efficient use of glass and daylighting. Down below, the owner’s
stateroom assures full beam, natural light and wonderf
ul views to the outside through the
oversized windows. The choice of both traditional a
n
d modern innovative materials creates a
calm and relaxed feeling for a modern and elegant ambiance. Panoramic windows, including the
large hull side windows, couple
d

w
ith a large, powered sunroof bathe the salon in natural light.
In combination with the airy layout, this leaves occupants basking in the sensation of open space.
This feeling is further enhanced by salon aft doors that disappear, allowing a total integrati
on
with the aft deck, and leaving a fully fitted cocktail bar as a central attraction.


Cheoy Lee Shipyards owner, B.Y. Lo, noted as the Alpha yacht was launched: “The Alpha is a
very proud accomplishment for Cheoy Lee and our strategic partners. Product d
ifferentiation is
especially important now, with customers demanding the best and expecting us to deliver it.
The
elegant design of this boat with its use of advanced technology throughout offers Cheoy Lee
customers the utmost in comfort, luxury and functi
onality
t
o enhance their yachting and living
experience.

Diamond Sea Glaze’s use of SPD
-
SmartGlass technology from Research Frontiers is
a strategic part of our new yacht’s design in terms of preserving views, creating an open feeling,
and enhancing the ef
ficient use of daylighting while effectively controlling solar heat gain, all
ultimately for the comfort and enjoyment of passengers. We plan to extend this use of SPD
-
SmartGlass to other Cheoy Lee models, and based upon the successful customer reaction to

the
Alpha, we have a second and third yacht currently being built.”


Dave Bockhold, CEO of Diamond Sea Glaze, outlined some of the features of their SPD
-
SmartGlass product:

Since December when Diamond Sea Glaze announced our SPD
-
SmartGlass license from R
esearch Frontiers, we have been working with our launch customer,
Cheoy Lee, to develop the world’s most advanced yacht glass for their latest production yacht
line. SPD
-
SmartGlass t
echnology
has the

extraordinary ability to quickly adjust its tint to any
desired level, including very dark states that can exceed 99.5% light
-
blockage
, with extremely
high levels of full
-
time UV protection
. SPD
-
Smart
Glass

technology is very well
-
suited for the
marine environment. A typical yacht can use as many as five differe
nt types of fixed
-
tint glass to
achieve privacy in the staterooms, preserving views in the living and dining rooms, and heat
blockage in the pilot rooms and other areas.
Up until
now, naval architects and yacht designers
were required to
compromise perform
ance in each area through use of conventional glass.
However, with the introduction of SPD
-
SmartGlass technology, performance and aesthetics can
be maximized.”


Joseph M. Harary, President and CEO of Research Frontiers Inc., noted: “DSG
and Cheoy Lee
Shipy
ards join Daimler, Audi, HondaJet, Bombardier and other premium luxury product makers
in their use of SPD
-
SmartGlass technology to offer their customers the highest performing
dynamic glazing in the world. SPD
-
SmartGlass technology is in use in better home
s, offices,
cars, aircraft on the land and in the air. Now, SPD
-
SmartGlass technology is also being used on
the seas with Cheoy Lee’s introduction of SPD
-
SmartGlass on its newest Alpha yacht product
line.”


SPD
-
Smart technology offers the widest dynamic ra
nge of light
-
control. It also provides full
-
time protection from harmful UV radiation, as well as high levels of heat
-
control. This protects
artwork, furnishings and interiors,
as well as the
passengers and crew of vessels. Also, because
lighting condition
s and reflected glare off of the water
are

constantly changing as boats move
and change course, it is also important to have windows that can dynamically manage these
changing conditions to maximize passenger comfort, control glare and preserve views. Only

SPD
-
Smart technology can provide this “real
-
time” solution due to its ability to react instantly.


SPD
-
Smart light
-
control film technology transforms widely used products


windows, skylights,
curtainwalls, partitions, sunroofs and more


into products th
at allow users to instantly and
precisely control the light, glare and heat entering a building or vehicle. It is instantly tunable to
an infinite number of light transmission states regardless of window size, and easily adapts to
individual preferences us
ing control devices ranging from basic dimmer switches and
photosensors to those that are integrated into a building's or vehicle's intelligent control system.
These unequalled performance characteristics help optimize energy savings and human comfort.
SPD
-
Smart technology offers many other desired benefits such as increased security, noise
reduction, protection from harmful ultraviolet light and the potential for aesthetically distinctive
designs. Additional information about SPD
-
Smart windows and other pr
oducts can be found at
www.SmartGlass.com
.


To see SPD
-
SmartGlass, the most advanced glass in the marine industry, in operation at the Fort
Lauderdale International Boat Show, from October 27
-
31, 2011 please visit t
he Diamond Sea
Glaze/Advanced Marine Technologies booth (#438
-
440) and come on board the Cheoy Lee 76
Alpha Express yacht at the South end of the Bahia Mar F
-
Dock, Slip 3. SPD
-
SmartGlass
operated via iPad by the latest automated control and security system

can be seen at the
Palladium Technologies exhibit at booth 702
-
704.


About Cheoy Lee Shipyards


Cheoy Lee Shipyards was established in 1870 and has built over 5,000 vessels and currently
builds from 40’ to over 200’. Today, Cheoy Lee builds Bravo, Global

and Serenity Series motor
yachts and commercial vessels including tugs, ferries, patrol, pilot, supply and standby vessels;
each designed to the customer's individual needs and requirements. Further information about
Cheoy Lee Shipyards can be found at:
www.cheoylee.com
.


About Diamond Sea
-
Glaze Manufacturing Ltd./Advanced Marine Technologies


Diamond Sea

Glaze Manufacturing Ltd. (DSG), which is now part of the Advanced Marine
Technologies Group of companies, has be
en a custom manufacturer of windows, doors, hatches
and custom glass for over 30 years. The company’s product innovations have focused on the
marine and heavy equipment industries, with custom applications driven by customers’ unique
needs. Since its incep
tion in the 1970’s, DSG has been expanding its product range and
manufacturing capacity to meet customer demands in multiple industries. Today, DSG’s
production facility totals 80,000ft² of manufacturing space. Known in the industry for its
commitment to p
roduct quality and customer service, DSG’s products are sold in North America,
South America, Asia, Europe and throughout the world. Additional information about Diamond
Sea Glaze and Advanced Marine Technologies and their products and customers can be fou
nd at:
www.advancedmarinetechnologies.com


About Research Frontiers Inc.


Research Frontiers Inc.
(Nasdaq: REFR)
is the developer of SPD
-
Smart light
-
control technology
which allows users to instant
ly, precisely and uniformly control the shading of glass or plastic,
either manually or automatically. Having invested over $82 million to date to develop its
technology, Research Frontiers currently holds approximately 500 patents and patent
applications
worldwide and has built an infrastructure of 39 licensed companies that collectively
are capable of serving the growing global demand for smart glass products in automobiles,
homes, buildings, aircraft and boats.
For f
urther information about SPD
-
Smart tec
hnology,
Research Frontiers and its licensees
,

please visit
www.SmartGlass.com

or follow us on our
Twitter

and
Facebook

sites.


Note: From time to time Research Frontiers may issue forward
-
looking statements which involve risks and
uncertainties. This press release contains forward
-
looking statements. Actual results could differ and a
re not
guaranteed. Any forward
-
looking statements should be considered accordingly. "SPD
-
Smart" and "SPD
-
SmartGlass" are trade
marks of Research Frontiers Inc. “DiamondSmart” is a trademark of Diamond Sea Glaze.



For media or customer inquiries, please con
tact:


Cheoy Lee Shipyards Limited



89 & 91 Hing Wah Street West

Kowloon

Hong Kong, China

+852
-
2307
-
6333


or



2955 W State Road 84

Fort Lauderdale, FL 33312 USA

+1
-
954
-
527
-
0999

inquiry@cheoylee.com

Atten
tion
: B.Y. Lo


Diamond Sea Glaze/Advanced Marine Technologies

26995 Gloucester Way

Langley, BC, Canada V4W 3Y3

+1
-
604
-
607
-
0091

sales@advancedmarinetechnologies.com


Attention: Dave Bockhold, Pres
ident and CEO


Research Frontiers Inc
.

240 Crossways Park Drive

Woodbury, NY 11797 USA

+1
-
516
-
364
-
1902

info@SmartGlass.com


Attention
: Joseph M. Harary, President and CEO