A new agreement grants the SCHOTT Group the right to sell SGI’s SPD-SmartGlass products worldwide, except in North America.
SmartGlass International Ltd. (SGI), a licensee of Research Frontiers Inc., has entered into an agreement with Research Frontiers to expand the geographic territory where it can offer its line of SPD-SmartGlass™ architectural products. Under this agreement, SGI can now sell these products worldwide outside of North America.
As part of this expansion of the agreement with Research Frontiers, SmartGlass International and the SCHOTT Group also have announced an agreement granting SCHOTT the right to sell SGI’s SPD-SmartGlass products worldwide, except in North America. Sales in the UK and Ireland, where SGI currently has manufacturing and sales offices, will continue to be handled by SGI.
A similar partnership has been in place for SGI’s LC SmartGlass (liquid crystal privacy glass) and has successfully leveraged SGI’s production capabilities and SCHOTT’S worldwide sales and distribution network. With today’s announcements, both companies are expanding the scope of their operations to the next level by planning to offer high-performing SPD-SmartGlass products and their many benefits to the international market.
“The global glass industry is entering a new era where high-performing smart glass products will satisfy longstanding market needs and new ones ranging from energy efficiency to distinctive aesthetics,” said John Browne, managing director of SGI. “There is unquestionably a rapidly growing demand for smart glass, and our company is committed to achieving a global leadership position in the industry. The move to our new factory, our agreement with Research Frontiers and the concurrent expansion of our sales and distribution agreement with SCHOTT reflect our strong belief that SPD-SmartGlass is a strategically important technology offering tremendous functionality and other benefits to the user with excellent sales potential.”
For more information, visit www.schott.com