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<DESCRIPTION>RESEARCH FRONTIERS PRESS RELEASE DATED DECEMBER 18, 2009
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               ROBERT M. BUDIN RETIRES FROM
          RESEARCH FRONTIERS BOARD OF DIRECTORS

Woodbury, New York - December 18, 2009.  Research Frontiers Inc.
(Nasdaq: REFR), the developer and licensor of SPD-Smart(TM)
light-control technology, announced that Robert M. Budin is
retiring from its Board of Directors effective as of December 31, 2009.

Mr. Budin noted that "It has been a privilege to be part of
Research Frontiers' development as the SPD light-control industry was
born and has come of age. I have served on the Research Frontiers
Board of Directors for twenty-two years and enjoyed participating in the
birth of this industry which has so many benefits in terms of
energy-savings, aesthetics, comfort and safety. Now that the
technology is in production, the pace of its growth is accelerating,
and new Board members have joined to help the Company during its next
phase of development. I leave the Company with strong leadership and
good business partners to help it achieve its great potential as a
world-transforming technology."

Robert L. Saxe, Chairman of Research Frontiers' Board of Directors and
founder of the Company, noted that "Bob Budin became involved with
Research Frontiers right before its public offering and led a group of
investors which enabled Research Frontiers to become a public company
and to develop SPD light-control technology into a budding industry.
Now a number of the world's largest glass and chemical companies have
become licensed to use Research Frontiers SPD-Smart light control
technology, and are building businesses around this important technology.
Bob Budin has helped me guide our Company through its early formative
years, and has contributed to our success. We greatly appreciate his
many years of service to our Company."

Mr. Budin, age 77, has been a director of the Company since 1987.
Mr. Budin was a Senior Vice President of Harold C. Brown & Co., Inc.
until his retirement in 1990. Mr. Budin was a stockbroker and had been
employed at Harold C. Brown & Co., Inc. since 1963. Mr. Budin served
on the Company's Nominating and Corporate Governance, Compensation,
and Audit Committees.

About SPD Technology and Research Frontiers Inc.

Research Frontiers Inc. (Nasdaq: REFR) develops and licenses suspended
particle device (SPD) technology used in VaryFast SPD-Smart controllable
glass and plastic products. Benefits include dynamic control of light,
glare and heat passing through many types of glazings, noise reduction,
greater security due to both privacy and structural integrity, and the
protection of interiors and occupants from heat and harmful ultraviolet
radiation. SPD technology, made possible by a flexible light-control film
invented and patented by Research Frontiers, allows the user to instantly,
precisely and uniformly control the shading of glass or plastic, either
manually or automatically. This patented film can be used to transform
into "smart" products a variety of products used every day in homes,
buildings, cars, aircraft, boats, trains and motorcoaches.

Current product applications for SPD technology include: SPD-Smart windows,
sunshades, skylights, atria, curtainwalls and interior partitions for
homes and buildings; automotive windows, sunroofs, roof systems, sunvisors
and sunshades; and aircraft and marine windows and window shades. Potential
future applications include: eyewear products including sunglasses, ski goggles
and motorcycle helmets, mirrors; flat panel displays for electronic products;
 and light-control filters for various industrial and consumer applications.

SPD-Smart film technology was awarded the "Best of What's New Award" for home
technology from Popular Science magazine, received the 2007 North American
Frost & Sullivan Award for Excellence in Technology for glass, and was also
recognized as one of the top technologies by the Society of Automotive
Engineers' Aerospace Engineering magazine. SPD technology is covered by
over 500 patents and patent applications held by Research Frontiers worldwide.
Currently 35 companies are licensed to use Research Frontiers' patented SPD
light-control technology in emulsions, films, or end-products. Further
information about SPD-Smart technology, 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. Actual results could differ and
are not guaranteed. Any forward-looking statements should be considered
accordingly. SPD-Smart(tm), SPD-SmartGlass(tm), SmartGlass(tm), VaryFast(tm),
Speed Matters(tm), Powered by SPD(tm), SPD Clean Technology(tm),
SPD On-Board(tm), Visit SmartGlass.com - to change your view of the world(tm)
and The View of the Future - Everywhere You Look(tm) are trademarks of
Research Frontiers Inc.

For further information or to arrange a visit to the Research Frontiers
Design Center, please contact:

Research Frontiers Inc.
Gregory M. Sottile, Ph.D.-Director of Market Development
Info@SmartGlass.com
(516) 364-1902
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