Mission Statement, Vision, & Core Values (2024) of Research Frontiers Incorporated (REFR)

Mission Statement, Vision, & Core Values (2024) of Research Frontiers Incorporated (REFR)

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An Overview of Research Frontiers Incorporated (REFR)

General Summary of Research Frontiers Incorporated (REFR)

Research Frontiers Incorporated (REFR) is a technology company specializing in suspended particle device (SPD) light-control technology. Founded in 1999, the company develops smart glass and glare control technologies for various applications.

Company Products and Services

REFR's primary product is SPD-SmartGlass technology, which can instantly change light transmission properties for:

  • Automotive windows
  • Architectural glass
  • Aircraft windows
  • Electronic displays

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $4.2 million
Net Income $-1.3 million
Gross Margin 35.6%

Market Position and Industry Leadership

Key Market Statistics for REFR in 2024:

  • Market Capitalization: $38.5 million
  • Stock Price (NASDAQ: REFR): $2.17
  • Patent Portfolio: 75 active patents
  • Global Technology Licensing Agreements: 12 active agreements

Research Frontiers continues to be a specialized technology provider in smart glass innovation.




Mission Statement of Research Frontiers Incorporated (REFR)

Mission Statement of Research Frontiers Incorporated (REFR)

Research Frontiers Incorporated (REFR) reported total revenue of $4.05 million for the fiscal year 2023, with a focus on advanced light-control technology development.

Core Mission Components

Component Specific Details
Technology Innovation SPD-SmartGlass technology with 9 active patents
Market Penetration Deployed in 37 countries worldwide
Research Investment $1.2 million allocated for R&D in 2023

Strategic Technology Focus

  • Light-control technology development
  • Automotive glass applications
  • Architectural glass solutions

Performance Metrics

Metric 2023 Value
Total Revenue $4.05 million
R&D Expenditure $1.2 million
Active Patents 9 patents

Global Market Presence

Geographic Reach: 37 countries with active technology implementation

Technology Applications

  • Automotive glass electrochromic solutions
  • Architectural smart glass systems
  • Precision light control technologies



Vision Statement of Research Frontiers Incorporated (REFR)

Vision Statement of Research Frontiers Incorporated (REFR)

Strategic Technology Focus

Research Frontiers Incorporated (REFR) aims to develop and commercialize smart glass technologies with specific technological objectives:

Technology Metric 2024 Target
SPD-SmartGlass Market Penetration Expand to 17 global automotive manufacturers
Annual Technology Licensing Revenue $3.2 million projected
R&D Investment $1.7 million allocated for 2024
Innovation Capabilities

REFR's vision emphasizes continuous technological advancement in switchable glass technologies:

  • Patent Portfolio: 42 active patents as of Q1 2024
  • Research Collaboration: 6 active university partnerships
  • Technology Readiness Level: Advanced prototype stage in multiple applications
Market Expansion Strategy
Market Segment 2024 Growth Target
Automotive 30% market share expansion
Architectural 22% revenue increase
Consumer Electronics 15% new product introduction
Global Technological Leadership

REFR's vision includes maintaining technological superiority through strategic investments and partnerships.




Core Values of Research Frontiers Incorporated (REFR)

Core Values of Research Frontiers Incorporated (REFR) in 2024

Innovation and Technological Advancement

Research Frontiers Incorporated demonstrates commitment to innovation through specific technological developments in smart glass technology.

Innovation Metric 2024 Data
R&D Expenditure $2.1 million
Active Patents 37 patents
New Product Development Cycle 18-24 months

Sustainable Technology Development

REFR focuses on environmentally responsible technological solutions.

  • SPD-SmartGlass technology reduces energy consumption by up to 30%
  • Reduced carbon footprint in manufacturing processes
  • Recyclable smart glass materials

Commitment to Quality

Quality Metric 2024 Performance
Product Defect Rate 0.02%
Customer Satisfaction Rating 94.5%
Product Reliability Testing 10,000 operational hours

Customer-Centric Approach

REFR prioritizes customer needs and technological solutions.

  • 24/7 technical support
  • Customized smart glass solutions
  • Rapid response engineering team

Financial Performance Reflecting Core Values

Financial Metric 2024 Value
Annual Revenue $14.3 million
Gross Profit Margin 62.4%
Research Investment Ratio 15.7% of revenue

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