All hail SPD (insert rest of company name here)!

In a sign that REFR is not yet willing to depart from its old reliable SOP, the company announced the signing up of a brand-new licensee. The new company, SPD Control Systems, is so far basically indistinguishable from every other REFR licensee whose name begins with "SPD".

SCSC's chairman and founder, Jay Moskowitz, does have the distinction of actually having a track record as a businessman. However, his most recent company, Wireless Marvels, appears to have gone nowhere after producing its only material product a combination golf ball/FM radio. (Not kidding.) His biggest success story, per his bio, appears to have been selling his RTS Wireless company for a healthy $111 million. Not too bad, but one has to keep in mind that valuation dates to 2000, when company values were just a wee bit inflated. Not to mention that the acquiring company, Aether Systems, went into a bit of a nosedive shortly thereafter, and has since abandoned the wireless sector entirely. (Yes, it is the same company, see Aether Holdings' Yahoo profile.)

All in all, Moskowitz seems to fit the profile of a prospective REFR licensee, as in, being willing to try just about anything once. With the kind of money he has in the bank, he can no doubt well afford to have whatever he puts into this come to nothing. If only the REFR investors who giddily bought up shares during the recent rally could say the same.