Graham Settle

Research Frontiers Inc. has announced the retirement of board member Gregory G. Grimes, who had been a member of the board since 2011. He was the chairman of its Compensation and Stock Option Committee and was a member of the company’s Audit and Nominating and Corporate Governance Committees. After an extensive search, the board of directors approved the appointment of William Graham Settle as a director.

“Greg Grimes has been a shareholder of Research Frontiers since 1999 and a valued member of our board of directors since January 2011. His experience in the sales and marketing of luxury goods, his contacts in the automotive, aircraft and aerospace industries, and his business and management background have benefitted Research Frontiers greatly, and all of us wish him well in his retirement and look forward to his continued involvement and input with Research Frontiers as a shareholder,” says Joseph M. Harary, president and CEO. “Graham Settle has been a steady presence and familiar face at Research Frontiers since 1986 and our initial public offering. Over the years, as an investor and also as a member of a special team assisting me on international projects, he has gotten to know the executives at key licensees of ours in Asia, Europe and North America, and has a deep understanding of our SPD-SmartGlass technology and its markets. As a fellow entrepreneur who has founded or invested in, and successfully sold, businesses offering innovative products and services, he has a keen sense of the opportunities created by disruptive technologies and new markets. His experience in international business, economics, finance and government organizations will help Research Frontiers continue to grow worldwide.”

Settle has 35 years of experience in both the public and private sectors. He was first introduced to the company by its founder, Bob Saxe, in 1986 at the time of Research Frontiers’ initial public offering. Through his participation on special projects for Research Frontiers in Asia, Europe and North America, Settle developed first-hand knowledge of the company, its technology and the industries it serves, with personal interaction with key SPD emulsion/film and glass licensees and customers around the globe, according to the company.

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