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Agreement provides company worldwide distribution rights to sell Gauzy’s retrofit solution for switchable films.
October 5, 2017
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Avery Dennison has made an investment in Gauzy, an Israeli-based developer and manufacturer of liquid-crystal-based materials, films, applications and solutions for a variety of end markets, including construction, automotive, consumer electronics, home appliances, the solar industry and more. Based in Tel Aviv, 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. The film is currently used in architectural applications and is under evaluation for automotive applications. Avery Dennison’s Hanita business division, which manufactures specialty films for a number of industrial and commercial applications, has established an agreement with Gauzy to collaborate on the development and marketing of a retrofit version of Gauzy’s switchable window film. “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,” said Eyal Peso, CEO and co-founder of Gauzy.
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