Core Viewpoint - Gauzy Ltd. and Research Frontiers Inc. have announced a partnership, with Ferrari selecting Gauzy as a strategic supplier to incorporate Suspended Particle Device (SPD) technology into its vehicles for mass production [1][2] Company Overview - Gauzy Ltd. is a leader in light and vision control technology, headquartered in Tel Aviv, Israel, with a global presence in over 30 countries [8] - Research Frontiers Inc. develops and licenses SPD-Smart light-control film technology, which allows for precise control of shading in glass and plastic products [9] Partnership and Market Opportunities - The partnership with Ferrari marks the first mass production use of SPD technology in one of its prestigious models, indicating significant growth potential for smart glass applications in automotive, architectural, and aeronautical sectors [2][3] - The SPD smart glass market is projected to grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031, reaching a market value of $13.4 billion by the end of 2031 [3] Industry Applications - SPD technology is gaining traction in the automotive and aeronautics industries, providing benefits such as comfort, safety, aesthetics, energy efficiency, and thermal comfort [3][5] - Major automotive manufacturers, including McLaren, Mercedes, and Cadillac, have already integrated SPD smart glass into their vehicle designs, with expectations for wider adoption in mass-market cars [4] - In aeronautics, SPD technology is being incorporated into commercial airplanes, business jets, and helicopters to enhance passenger comfort and light control [5] Technology Features - SPD technology utilizes specially-engineered nanoparticles to control light dynamically, allowing up to 99% blocking of visible light, increasing head space in vehicles by at least 5 centimeters, and extending driving ranges in electric vehicles [6]
CEOs of Gauzy and Research Frontiers Participate in Joint Interview with Benzinga All Access