Avery Dennison through its Hanita business division, has invested in Gauzy, an Israeli-based developer and manufacturer of liquid-crystal-based materials and films.
Gauzy has successfully commercialized several initial “smart glass” products, including an embedded switchable window film that can alternate from clear and frosted with the touch of a button. It offers an integrated solution that includes window films, hardware controllers for film operation and preservation, and complete certification and training with verification tools for worldwide partners. It’s currently currently used in architectural applications and is under evaluation for automotive applications.
Avery Dennison’s Hanita division manufactures specialty films for a number of industrial and commercial applications. The agreement with Gauzy involves collaboration on the development and marketing of a retrofit version of Gauzy’s switchable window film, which would add to Avery Dennison’s window film product portfolio. Initially this will be for the architecture and retail markets but the two companies believe that they will also be able to develop a suitable solution for the automotive industry.
Eyal Peso, CEO and co-founder of Gauzy, commented: “This marks an important and outstanding milestone for Gauzy. We look forward to working with Avery Dennison as we advance our R&D capabilities to create innovative new products. As a strategic investor, Avery Dennison will significantly elevate our distribution network with their extensive reach in the retrofit market.”
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