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Dainippon Ink Chemicals, Inc.

Tony Pirro, Vice President. DIC Corporate Overview. Founded in 1908 Headquarters - Tokyo, Japan Diversified Global Chemical Company 230 Affiliates and Subsidiaries In Over 60 Countries 29,000 Employees Worldwide. Tony Pirro, Vice President. 2005 Results . Sales:$9.37 billion Operating Income:$450 million Net Income:$99 million Stockholders' Equity:$1.35 billion Total Assets:$9.33 billion.

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Dainippon Ink Chemicals, Inc.

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    1. Tony Pirro, Vice President Dainippon Ink & Chemicals, Inc. Research Frontiers Inc. Shareholders Meeting June 8, 2006

    2. Tony Pirro, Vice President DIC Corporate Overview

    3. Tony Pirro, Vice President 2005 Results

    4. Tony Pirro, Vice President Corporate Philosophy

    5. Tony Pirro, Vice President Review of Operations

    6. Tony Pirro, Vice President Research & Development

    7. Tony Pirro, Vice President Consolidated R & D Investment

    8. Tony Pirro, Vice President Corporate Goals & Activities

    9. Tony Pirro, Vice President Product Focus

    10. Tony Pirro, Vice President DIC International (USA), LLC “Sales & Marketing Arm” for Dainippon Ink & Chemicals, Inc. in the Americas North American HQ – Teaneck, NJ Satellite Offices Irvine, CA Houston, TX 21 employees 8 Sales Managers 13 Sales Assistants / Support Staff 3 Accounting members Numerous Independent Representatives, Distributors & Consultants

    11. Tony Pirro, Vice President DIC International (USA), LLC North America – Strategic Agenda Focus on “New Business” Established “New Business Team” Investigate opportunities Coordinate with DIC HQ Allocating resources and re-defining job responsibilities to optimize new business opportunities Prioritize new product lines SPD – A key business unit for DIC

    12. Tony Pirro, Vice President Chronology of DIC’s SPD Involvement 1999: Began working to produce SPD emulsion Allocation of financial resources and manpower to SPD Project Ongoing information exchange / product review with RFI Sample submissions (emulsion & film): evaluation, feedback from licensees Continuous efforts to improve quality April 2006: Acquired additional license to produce SPD film To better support all SPD applications first hand To maximize SPD business opportunity for DIC June 2006: First “commercial” shipment of DIC’s SPD-Smart “CONFOVIEW” Film

    13. Tony Pirro, Vice President SPD Product Line Commercialized SPD-Smart Products: CONFOVIEW: - DIC CONFOVIEW Film - DIC CONFOVIEW Emulsion

    14. Tony Pirro, Vice President DIC’s SPD Objective Supply CONFOVIEW film & emulsion for all SPD applications - Aerospace - Architectural - Automotive - Marine

    15. Tony Pirro, Vice President DIC Global SPD Network The “CORE” SPD Team: + 4 Technical Group Members + 9 Sales, Marketing & Support Members + 3 Senior Management Members *Many more DIC members in Japan, U.S.A. and Europe support our day-to-day SPD business.*

    16. Tony Pirro, Vice President SPD Project Team Key Members: Japan DIC – Plant 18, Kashima, Japan Technical Department GM - Technical Dept. SPD Project Manager SPD Technical Leader Assistant DIC – HQ Tokyo, Japan Sales & Marketing GM – Pigment Div. Sales & Marketing Sales & Marketing Manager Sales Representative Delivery Coordinator

    17. Tony Pirro, Vice President SPD Project Team Key Members: U.S.A. & Europe DIC International (U.S.A.) Teaneck, NJ President Vice President Sales Director Sales Assistant / Traffic DIC Europe Dusseldorf, Germany President General Manager Sales Assistant / Traffic

    18. Tony Pirro, Vice President SPD Team - Expansion Current Expansion Adding Technical Group Members To increase current group capabilities To support current efforts To accelerate & expand our SPD business Future Plan Designate Additional Sales, Marketing & Support Staff in all geographic regions Committed to expand Technical Group / Production Capabilities as required to support global SPD business

    19. Tony Pirro, Vice President DIC CONFOVIEW Film Production Current Current Capacity of 2000 sheets / mo. Sheet fed production Future Plan Increase capacity to meet market requirements Produce minimum 1m (39.4in) width film Pursue alternate production methods (roll coating, etc.) to achieve objectives

    20. Tony Pirro, Vice President Sales, Marketing & Support Plan Work closely with RFI licensees Identify true demand / plan for adequate production capacity Support all applications Support specific licensee / end-user projects Joint visits with licensees to end-users Promote SPD technology to global markets

    21. Tony Pirro, Vice President Sales, Marketing & Support Plan Coordinate Internal Efforts Establish “internal network” within DIC to address all technical requirements, support projects globally, meet customer demand and promote SPD sales. Implement a global communication system for DIC’s SPD Team.

    22. Tony Pirro, Vice President Sales, Marketing & Support Plan Work with all levels of SPD supply chain Exchange technical and market information with RFI & licensees to optimize synergies and promote SPD. Provide newly developed, improved samples to laminators, licensees, etc. to assist with refinement of process.

    23. Tony Pirro, Vice President Moving Forward Continue “Partnering” with RFI licensees Shared dedication & enthusiasm Continue offering support to all levels of SPD supply chain Plan future production to meet market needs Ongoing commitment to SPD business

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