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Quotes & Info
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| REFR > SEC Filings for REFR > Form 8-K on 2-Oct-2008 | All Recent SEC Filings |
2-Oct-2008
Other Events
On September 29, 2008, Research Frontiers Inc. and NV Bekaert SA mutually agreed to terminate the license agreement effective January 18, 1997 originally between Research Frontiers Inc. and Material Sciences Corp., which was subsequently assigned to NV Bekaert on June 29, 2001.
NV Bekaert had indicated to Research Frontiers that it was focusing on its advanced wire products business which constitutes a reported 90% of its sales.
Research Frontiers is filing this Current Report on Form 8-K because the royalty payment received from NV Bekaert on September 29, 2008 as a condition to such termination was substantial and is likely to have a positive impact on Research Frontiers results of operations for the third quarter ending September 30, 2008.
The press release may include statements that may constitute "forward-looking" statements as referenced in the Private Securities Litigation Reform Act of 1995. Those statements usually contain words such as "believe", "estimate", "project", "intend", "expect", or similar expressions. Any forward-looking statements are made by the Company in good faith, pursuant to the safe-harbor provisions of the Act. These forward-looking statements reflect management's current views and projections regarding economic conditions, industry environments and Company performance. Factors, which could significantly change results, include but are not limited to: sales performance, expense levels, competitive activity, interest rates, changes in the Company's financial condition and several business factors. Additional information regarding these and other factors may be included in the Company's quarterly 10-Q and 10K filings and other public documents, copies of which are available from the Company on request. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of the press release.
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