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    Allen Ginsberg

    Research Analyst at Individual Investor

    Allen Ginsberg's questions to RESEARCH FRONTIERS (REFR) leadership

    Allen Ginsberg's questions to RESEARCH FRONTIERS (REFR) leadership • Q2 2025

    Question

    Allen Ginsberg questioned the risk of having a single supplier for the architectural retrofit market and for the core SPD film (Gauzy), suggesting a need for multiple suppliers.

    Answer

    CEO Joseph Harary countered that they have multiple licensees for finished products, which was proven by the seamless transition of the Ferrari business. He stated they would secure another film supplier if they deemed it necessary, implying confidence in Gauzy as the current sole film supplier. He emphasized their business model is built for risk management.

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