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             SMART GLASS COMPANY RESEARCH FRONTIERS
          RAISES $1,475,000 IN NEW CAPITAL FOR EXPANSION


Woodbury, New York-December 1, 2010. A group of accredited investors has
invested $1,475,000 in new capital in addition to the $3,325,000 in expansion
capital raised by Research Frontiers Inc. (Nasdaq: REFR) in September.
Research Frontiers is the developer and licensor of patented SPD-Smart(tm)
light-control film technology.The investors received 295,000 shares of Research
Frontiers common stock at a price of $5.00 per share, which was the closing
market price of Research Frontiers stock on November 26, 2010, the day the
transaction was priced. In addition, the investors in this stock offering
received 59,000 five-year warrants to purchase Research Frontiers common stock
at a price of $6.75 per share. These securities were sold pursuant to
Research Frontiers' effective shelf-registration statement filed with the SEC.

Joseph M. Harary, President and CEO of Research Frontiers noted: "Since our
last stock offering in September, new products and projects using our patented
SPD-Smart light control technology have been announced by our licensees, and
we have added people to the team involved with developing the SPD-Smart
industry. This additional capital and expanded team will help us and our
licensees continue on the accelerated pace to bring world-class SPD-Smart
products to the automotive, architectural, aircraft and marine industries."

SPD-Smart light-control film technology transforms widely used products -
windows, skylights, curtainwalls, partitions, sunroofs and more - into
products that allow users to instantly and precisely control the light,
glare and heat entering a building or vehicle. SPD-SmartGlass is instantly
tunable to an infinite number of light transmission states regardless of
window size, and easily adapts to individual preferences using 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, and they offer 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 technology and SPD-Smart windows and other products
can be found at www.SmartGlass.com.

About SPD Technology and Research Frontiers Inc.

Research Frontiers Inc. (Nasdaq: REFR) develops and licenses suspended
particle device (SPD) technology used in VaryFast(tm) SPD-Smart
controllable glass and plastic products. Benefits include dynamic control
of light, glare and heat passing through many types of glazings, noise
reduction, greater security due to both privacy and structural integrity,
and the protection of interiors and occupants from heat and harmful
ultraviolet radiation. SPD technology, made possible by a flexible light-
control film invented and patented by Research Frontiers, allows the user
to instantly, precisely and uniformly control the shading of glass or
plastic, either manually or automatically. This patented film can be used
to transform into "smart" products a variety of products used every day in
homes, buildings, cars, aircraft, boats, trains and motorcoaches.

Current product applications for SPD technology include: SPD-Smart windows,
sunshades, skylights, atria, curtainwalls and interior partitions for homes
and buildings; automotive windows, sunroofs, roof systems, sunvisors and
sunshades; and aircraft and marine windows and window shades. Potential
future applications include: eyewear products including sunglasses, ski
goggles and motorcycle helmets, mirrors; flat panel displays for electronic
products; and light-control filters for various industrial and consumer
applications.

SPD-Smart film technology has received a growing number of awards including
the "Best of What's New Award" for home technology from Popular Science
magazine, received the 2007 North American Frost & Sullivan Award for
Excellence in Technology for glass, two Crystal Achievement Awards in 2010
from Glass Magazine and Window and Door Magazine, the 100% Detail "Most
Innovative Building Product Award" sponsored by the Royal Institute of
British Architects (RIBA), and was also recognized as one of the top
technologies by the Society of Automotive Engineers' Aerospace Engineering
magazine. SPD technology is covered by over 500 patents and patent
applications held by Research Frontiers worldwide. Currently 37 companies,
including leading chemical companies and companies producing a majority of
the world's glass, are licensed to use Research Frontiers' patented SPD
light-control technology in emulsions, films, or end-products. Further
information about SPD-Smart technology, Research Frontiers and its
licensees can be found at www.SmartGlass.com.

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 are
not guaranteed. Any forward-looking statements should be considered
accordingly. SPD-Smart(tm), SPD-SmartGlass(tm), SmartGlass(tm),
VaryFast(tm), Speed Matters(tm), Powered by SPD(tm), SPD Enabled(tm),
SPD Clean Technology(tm), SPD On-Board(tm), SG Enabled(tm), Visit
SmartGlass.com - to change your view of the world(tm), and The View of
the Future - Everywhere You Look(tm), are trademarks of Research
Frontiers Inc.

For further information or to arrange a visit to the Research Frontiers
Design Center, please contact:

Research Frontiers Inc.
Gregory M. Sottile, Ph.D.-Director of Market Development
Info@SmartGlass.com
(516) 364-190