CEOs of Gauzy and Research Frontiers Participate in Joint Interview with Benzinga All Access

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CEOs of Gauzy and Research Frontiers Participate in Joint Interview with Benzinga All Access.

Eyal Peso (GAUZ) and Joseph Harary (REFR) discuss the companies’ partnership, the recent announcement about Ferrari’s use of Suspended Particle Device (SPD) technology and future projects using SPD

Interview now available and can be viewed at this link

NEW YORK and TEL AVIV, Israel, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ), a global leader in light and vision control technology, and Research Frontiers Inc. (Nasdaq: REFR), the developers and licensors of SPD-SmartGlass?, today announced that the CEOs of both companies – Eyal Peso of Gauzy and Joseph Harary of Research Frontiers – participated in a joint interview with Benzinga All Access. The interview is now available and can be viewed by clicking this link.

During the interview, Peso and Harary discussed Ferrari’s recent selection of Gauzy as its strategic supplier and the iconic automotive manufacturer’s decision to incorporate Suspended Particle Device (SPD) technology licensed by Gauzy from Research Frontiers on a mass production level for the first time on one of its prestigious models. The CEOs also highlighted the significant growth opportunities ahead for smart glass, especially SPD, for passenger vehicles, architectural and aircraft applications, as well as for other new uses.

SPD technology is already being utilized – and continues to gain momentum – across automotive and aeronautics – two of Gauzy’s core industries served – for several reasons. SPD offers numerous benefits for manufacturers and their end-users, including comfort and convenience, safety, aesthetics, ease of maintenance, energy-efficiency, thermal comfort and more. As a result, the SPD smart glass market is expected to grow by a compound annual growth rate of 9.9% from 2024-2031, reaching $13.4 billion in value by the end of 2031.

In addition to Ferrari, numerous luxury and mass-market global automotive manufacturers have already implemented SPD smart glass into the designs of their vehicles, including McLaren, Mercedes and Cadillac, which all offer automobiles with sunroofs that contain this type of technology. This technology is also expected to be widely adopted in upcoming mass-market cars.

Moreover, in aeronautics, increasing demand from aircraft manufacturers to provide passengers with better light control and comfort has led to several prominent OEMs incorporating SPD technology into the cabins on commercial airplanes, business jets and helicopters. Gauzy is currently the leading Tier 1 supplier in cabin shading in business jets, with a growing presence in commercial aircrafts, and is a trusted supplier and partner of Gulfstream, Embraer, Bombardier and others.