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<TYPE>EX-99
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<FILENAME>ex991.txt
<DESCRIPTION>PRESS RELEASE DATED MAY 15, 2006
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          ASAHI GLASS COMPANY ACQUIRES LICENSE FOR
       RESEARCH FRONTIERS' SPD-SMART GLASS TECHNOLOGY
   FOR USE IN SUNROOFS AND OTHER AUTOMOTIVE GLASS PRODUCTS


Tokyo, Japan and Woodbury, NY - May 15, 2006. Research Frontiers
Incorporated (Nasdaq: REFR) announced today that the Asahi Glass
Company, Ltd. (Tokyo Stock Exchange: 5201: JP) has acquired a
worldwide non-exclusive license to use Research Frontiers' patented
SPD-Smart light-control technology for various automotive glass
products, including sunroofs and other roof glass systems, as
well as use in automotive windows. In December 2003, under
sublicense from their subsidiary AGC Automotive Americas,
Asahi began to evaluate and test the production of SPD-Smart
sunroof and other automotive glass products, and has now
become directly licensed by Research Frontiers to produce
such products for its customers. The minimum annual
royalties and other license terms were not disclosed

Users of SPD-Smart products can manually or automatically
"tune" the amount of light, glare and heat that passes
through glass or plastic. SPD-Smart products offer
functional and aesthetic benefits such as savings on
heating and cooling expenses, reduced fading of interior
fabrics and other materials, noise-attenuation and impact-
resistance, as well as the ability to control light and
glare without losing prized views.

The markets for automotive glass are large and
growing as glass becomes a higher percentage of
vehicle content. More vehicles are equipped with
sunroofs, and auto makers are introducing larger sunroofs,
glass roof panels, and all-glass roof systems in their
vehicles. Worldwide automotive sunroof sales are
expected to reach almost 15 million units in 2006,
and grow to over 110 million square feet by 2010.
Asahi Glass is the world's largest producer of flat
glass for both architectural and automotive applications.

About Asahi Glass Company, Ltd.

Asahi Glass Company, Ltd. was established in 1907 and
was Japan's first commercial manufacturer of flat glass.
Since then, the company has expanded its operations to
include chemicals, as well as glass for construction
materials, automobiles and display glass for cathode
ray tubes, liquid crystal displays, plasma display
panels and other applications. Capitalizing on its
glass materials and processing technologies, the
Company also diversified into the electronics field.
Today, Asahi Glass is a multinational corporation
with operations centering on glass, electronics and
displays, and chemicals, and has a global network of
200 subsidiaries and affiliates in Japan and 24 other
countries. For its fiscal year ending December 31, 2005,
Asahi Glass Company had sales of JY 1,572 billion
($13.3 billion) and employed 56,900 people worldwide.
The Asahi group of companies is the largest flat glass
manufacturer in the world. Asahi Glass is the parent
corporation of AGC Automotive Americas and Glaverbel,SA,
both of which are also existing licensees of
Research Frontiers.

About SPD Technology and Research Frontiers Incorporated

Research Frontiers Incorporated (Nasdaq: REFR) develops and
licenses suspended particle device (SPD) technology used
in VaryFast(TM) SPD-Smart(TM) light-control glass and plastic
products. SPD technology, made possible by a flexible
light-control film invented by Research Frontiers, allows
the user to instantly and precisely control the shading
of glass/plastic manually or automatically. SPD technology
has numerous product applications, including: SPD-Smart
windows, sunshades, skylights and interior partitions for
homes and buildings; automotive windows, sunroofs, sunvisors,
sunshades, and rear-view mirrors; aircraft and marine
windows and window shades; eyewear products; and flat
panel displays for electronic products. SPD-Smart film
technology was awarded a "Best of What's New Award" from
Popular Science magazine for home technology and was also
recognized as one of the top new technologies by the
Society of Automotive Engineers' Aerospace Engineering
magazine. SPD technology is covered by over 450 patents
and patent applications held by RFI worldwide. Currently
35 companies are licensed to use Research Frontiers'
patented SPD light-control technology in emulsions,
film, or end-products. Information about Research
Frontiers and its licensees can be found at
www.SmartGlass.com.

Note: From time to time Research Frontiers may issue
forward-looking statements which involve risks and
uncertainties. This press release contains forward
looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Actual results could differ and are not guaranteed.
Any forward-looking statements should be considered
accordingly. SPD-SmartTM, VaryFastTM, SPD-SmartGlassTM,
Powered by SPDTM, The View of the Future - Everywhere
You LookTM and Visit SmartGlass.com - to change your
view of the world(TM) are trademarks of
Research Frontiers Incorporated.

Contact:
Research Frontiers Incorporated
Joseph M. Harary, President
Patricia A. Bryant, Manager of Investor Relations
516-364-1902
info@SmartGlass.com

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