The newest old licensee

REFR stock got another juice Monday on the news of a new licensee: SmartGlass International. That is, except for the "new" part.

Perusing past the main text of the release, under the heading "About SmartGlass International, Ltd.", wherein one normally finds a bland boilerplate company description, one here find this interesting note:

"The company was founded after meeting at the first Research Frontiers Licensees' Conference in 2004 when the Directors of Vision (Environmental Innovation) Ltd., based in the UK, and Smart Glass Ireland decided to join forces to launch a global SmartGlass product range for the end-user architectural market."

If one of those names seem familiar to dedicated readers of this blog, they should. Relative newcomers can simply follow the link embedded in the above paragraph. And needless to say, SmartGlass Ireland was, like Vision, already an SPD licensee prior to the merger.

So, in fact, this event is nothing more or less than the consolidation of two licenses into one. And for that the market rewarded REFR with a 15% share price boost. Which certainly makes one wonder about the intelligence of the market currently in this stock.

As an addendum, the licensee list on REFR's website was shortened by another entry sometime in the not-too-distant past. General Electric, a ballyhooed licensee from the mid-90's, which has been dormant for a full decade, no longer appears on the list.