Smart Glass Company Research Frontiers Adds Two New Members To Its Board of Directors

Joining the Research Frontiers Board of Directors, effective immediately, are M. Philip Guthrie and Richard J. Hermon-Taylor.



M. Philip Guthrie brings to the Research Frontiers Board of Directors experience in the aerospace, technology, finance and consumer products industries, and a strong history of serving on the Boards of Directors of public companies. Mr. Guthrie was Chief Financial Officer of two public companies in the airline industry - Southwest Airlines during its formative and high-growth years, and Braniff International during its initial restructure and successful reorganization. His other aerospace experience includes CEO of InTech Aerospace Group, which provided a full range of interior service and maintenance to the commercial airline industry and to the US Government. He was Managing Director of Mason Best Company and served in board and management roles in many of its, and other private equity firms’, portfolio companies. He has also served as Chairman of the Board for Westmark/Tracor, a maker of military electronic systems. He currently serves on the Boards of Ariel Reinsurance (Bermuda), Direct General Corporation, and Bristol Group (Argentina). He is CEO of Neuro Holdings International, an international distributor of leading edge medical devices for pain management. Mr. Guthrie has a CPA and began his career at Price Waterhouse. He has an MBA from the University of Michigan where he was a Paton Scholar and a BBA summa cum laude in accounting from Louisiana Tech University. He lives in Dallas, Texas and is CEO of Denham Partners, LLC, a private investment firm.



Richard Hermon-Taylor brings to the Research Frontiers Board of Directors experience in the transportation and premium consumer goods industries, the licensing of technology, and a strong track record in global strategic development and growth. His Board of Director experience includes Harley-Davidson, a $5 billion manufacturer of motorcycles, clothes, and licensor of the Harley-Davidson trademark. During his over 15-year tenure on the Harley-Davidson Board, he served on the Audit, Compensation, and Nominating Committees, and sales grew during this time from less than $300 million to over $4 billion. He also served on the Board of Galileo Electro-Optics, a public company that was acquired by Corning, Inc. From 1970-1986 he was with the Boston Consulting Group and managed the firm's offices in Boston and Milan. He established an Operations Effectiveness Practice for the firm, which grew to become one of BCG’s largest and most profitable business areas. Among many accomplishments and client successes while with Boston Consulting Group, Mr. Hermon-Taylor was among the group that developed the “BCG Growth-Share Matrix,” a product portfolio analysis tool used to this day in corporations and business schools throughout the world. Mr. Hermon-Taylor received a B.A. in Chemical Engineering from Cambridge University in England and an MBA from the Harvard University Graduate School of Business, where he was a Baker Scholar. He is currently President and Co-Founder of Bio-Science International, Inc. This company specializes in technology development and licensing agreements for the life sciences industry. Mr. Hermon-Taylor lives in Cambridge, Massachusetts.



Robert L. Saxe, Chairman of Research Frontiers, stated: “Research Frontiers is at the beginning of what we expect will be a long and sustained period of growth of SPD-Smart products for the aircraft, automotive, marine and architectural markets. Our Board of Directors has concluded that we need to build upon our existing capabilities by adding additional talented individuals to help us rapidly achieve the potential we see for the SPD light-control industry. Phil and Richard are creative thinkers and have valuable experience and contacts in industries that can utilize our technology. We expect them to make an important contribution to our future. Both of these new directors bring with them a new perspective, strong business backgrounds and experience on serving on public Boards of Directors. They have demonstrated impressive results in building shareholder value and creating strategic global growth in new and pioneering industries. We welcome them both to the Research Frontiers family.”