I can't deny that possibility, since all RFI agreements appear to be confidential, at least in some important aspects. Joe did, however, give many broad hints in the intervening years that other auto makers were about to follow MB's lead. That includes the very first conference call after the introduction.
If sales are on an upward trajectory, and profitability is at hand, what is Joe doing flogging the stock again at the Craig-Hallum conference?
Shouldn't he be conferencing with the execs of one of the rumored/alleged/imagined auto makers coming onboard? More than four and a half years it has been since the MB introduction.
Get real! No one considers E-Ink to be included in the SPD category. Once again, though, if your figures are taken literally, the graph is again completely wrong. I bet that report didn't cost much more than $4,700, and I bet it was commissioned by a company that intended to use it to promote their stock. Singling out RFI like this "Research Frontiers develops, licenses, and commercializes the SPD-SmartGlass Technology which is used in automotive, aircraft, marine and other applications" leads one to expect which company.
BTW, What models of BMW have included adjustable tint, and why would a research company make that statement?
The graph on the preview page exposes that report as total BS. We know form the SEC filings what the real sales of SPD products was. (Or can tell pretty close by knowing what the royalty percentage is) Note that they say the scale of the graph is in billions. In any case, if SPD sales increase in proportion to the size of the bars on the graph, REFR will still not be profitable in 2022.