Ferrari Selects Gauzy’s Smart Glass Technology for Serial Production in Its First-Ever SUV
Gauzy (GAUZ) announced its selection as a strategic supplier for Ferrari, implementing its Suspended Particle Device (SPD) Smart Glass technology in Ferrari's first-ever SUV's panoramic roof. This marks Ferrari's first mass-production implementation of smart glass technology. Gauzy's SPD light control glass (LCG®) technology allows electrical control of glass transparency, reducing glare and heat while eliminating traditional shading systems. The global automotive smart glass market is projected to reach $12.3 billion by 2032. The technology is already featured in McLaren, Mercedes, and Cadillac vehicles, with expectations for wider adoption in mass-market cars.
Gauzy (GAUZ) ha annunciato la sua selezione come fornitore strategico per Ferrari, implementando la sua tecnologia di vetri intelligenti a Particelle Sospese (SPD) nel tetto panoramico del primo SUV di Ferrari. Questo segna la prima implementazione su larga scala da parte di Ferrari della tecnologia dei vetri intelligenti. La tecnologia di controllo della luce di Gauzy, il vetro (LCG®), consente il controllo elettrico della trasparenza del vetro, riducendo l'abbagliamento e il calore, eliminando nel contempo i tradizionali sistemi di ombreggiatura. Si prevede che il mercato globale dei vetri intelligenti per automobili raggiunga $12,3 miliardi entro il 2032. La tecnologia è già presente in veicoli di McLaren, Mercedes e Cadillac, con aspettative di un'adozione più ampia nelle auto di massa.
Gauzy (GAUZ) anunció su selección como proveedor estratégico para Ferrari, implementando su tecnología de vidrio inteligente con Dispositivo de Partículas Suspendidas (SPD) en el techo panorámico del primer SUV de Ferrari. Esto marca la primera implementación de vidrio inteligente en producción masiva por parte de Ferrari. La tecnología de control de luz de Gauzy, el vidrio (LCG®), permite el control eléctrico de la transparencia del vidrio, reduciendo el deslumbramiento y el calor, eliminando los sistemas tradicionales de sombreado. Se proyecta que el mercado global de vidrio inteligente para automóviles alcance $12.3 mil millones para 2032. La tecnología ya está presente en vehículos de McLaren, Mercedes y Cadillac, con expectativas de una adopción más amplia en autos de mercado masivo.
가우지 (GAUZ)가 페라리의 전략적 공급업체로 선정되었다고 발표하며, 이는 페라리 최초의 SUV 파노라마 루프에 자사의 정지 입자 장치(SPD) 스마트 유리 기술을 구현하는 것입니다. 이는 페라리가 스마트 유리 기술을 대량 생산하는 첫 번째 사례입니다. 가우지의 SPD 광 제어 유리(LCG®) 기술은 유리 투명도를 전기적으로 제어할 수 있도록 하여 눈부심과 열을 줄이고 전통적인 차양 시스템을 없애줍니다. 글로벌 자동차 스마트 유리 시장은 2032년까지 123억 달러에 이를 것으로 예상됩니다. 이 기술은 이미 맥라렌, 메르세데스, 캐딜락 차량에 적용되고 있으며, 대중 시장 자동차로의 더 넓은 도입이 기대되고 있습니다.
Gauzy (GAUZ) a annoncé sa sélection en tant que fournisseur stratégique pour Ferrari, mettant en œuvre sa technologie de verre intelligent à dispositif de particules suspendues (SPD) dans le toit panoramique du premier SUV de Ferrari. Cela marque la première mise en production de technologie de verre intelligent par Ferrari. La technologie de contrôle de la lumière de Gauzy, le verre (LCG®), permet un contrôle électrique de la transparence du verre, réduisant l'éblouissement et la chaleur tout en éliminant les systèmes d'ombrage traditionnels. Le marché mondial des vitres intelligentes pour automobiles devrait atteindre 12,3 milliards de dollars d'ici 2032. La technologie est déjà présente dans des véhicules de McLaren, Mercedes et Cadillac, avec des attentes d'une adoption plus large dans les voitures de grande consommation.
Gauzy (GAUZ) hat seine Auswahl als strategischer Lieferant für Ferrari bekannt gegeben und implementiert seine Technologie für intelligente Fenster mit suspendierten Partikeln (SPD) im Panoramadach des ersten SUVs von Ferrari. Dies markiert die erste großangelegte Implementierung der Technologie für intelligente Fenster durch Ferrari. Die Lichtkontrollglas-Technologie von Gauzy (LCG®) ermöglicht die elektrische Steuerung der Transparenz von Glas, wodurch Blendung und Wärme reduziert und traditionelle Beschattungssysteme eliminiert werden. Es wird prognostiziert, dass der globale Markt für intelligente Autogläser bis 2032 auf 12,3 Milliarden US-Dollar anwachsen wird. Die Technologie ist bereits in Fahrzeugen von McLaren, Mercedes und Cadillac integriert und es wird mit einer breiteren Akzeptanz in Massenmarktfahrzeugen gerechnet.
- Selected as strategic supplier for Ferrari's SUV production
- First mass-production implementation of smart glass technology by Ferrari
- Technology already adopted by major automotive brands (McLaren, Mercedes, Cadillac)
- Multi-year program agreement with Ferrari
- Positioned to capture share of $12.3B automotive smart glass market by 2032
- None.
Insights
The selection of Gauzy as a strategic supplier by Ferrari represents a significant milestone in automotive smart glass adoption. This marks Ferrari's first implementation of smart glass technology in mass production, specifically for their high-profile SUV launch. The SPD LCG® technology offers tangible benefits including enhanced comfort, safety and design flexibility.
The global automotive smart glass market's projected value of
This partnership carries strategic importance for Gauzy's market position and future growth trajectory. The Ferrari deal validates Gauzy's technology at the highest level of automotive luxury, potentially accelerating adoption across the broader market. With established relationships with premium manufacturers and plans for mass-market expansion, Gauzy is well-positioned to capture a significant share of the smart glass market.
The multi-year program nature of the Ferrari partnership provides stable revenue visibility and strengthens Gauzy's competitive position. This development could positively impact Gauzy's market valuation and future contract opportunities, particularly as the automotive industry continues its technological transformation.
Light control technology company becomes strategic supplier for iconic car manufacturer
Gauzy’s Suspended Particle Device (SPD) LCG® available in panoramic roofs on Ferrari’s premium SUV
Marks first time Ferrari has implemented smart glass technology on a mass production level for any of its automotive designs
NEW YORK and TEL AVIV, Israel, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader in light and vision control technology, today announced that Ferrari has selected the Company to become a strategic supplier, resulting in Gauzy already beginning to serially produce its Suspended Particle Device (SPD) Smart Glass technology for the iconic car manufacturer’s prestigious SUV. Gauzy’s SPD light control glass (LCG®) is available in the panoramic roof of the SUV, marking the first-time Ferrari has implemented smart glass technology on a mass production level for any of its automotive designs.
“It’s a tremendous accomplishment that another world-renowned and innovative automotive brand has selected Gauzy to become one of their strategic suppliers. We are extremely proud that Ferrari, one of the most iconic and recognized car makers in the world, has selected Gauzy’s smart glass technology as a key feature of its first-ever SUV,” stated Eyal Peso, Co-Founder and CEO of Gauzy. “Ferrari’s decision to use our LCG® technology in a multi-year program is a testament to the quality, sophistication and innovative nature of our light control products. Having Ferrari become associated with Gauzy is the ultimate seal of approval for the work we are doing to enhance safety, comfort, and design in the automotive industry.”
Smart glass technology, like that which Gauzy specializes in, has been quickly gaining in popularity with both luxury and mass-market vehicle manufacturers around the world given its numerous benefits – i.e., comfort and convenience, safety, aesthetics, ease of maintenance, thermal comfort and more. As such, the total value of the global automotive smart glass market is expected to reach
Peso added, “SPD technology continues to gain in popularity as more and more OEMs understand how it helps enhance the overall driving experience and vehicle infrastructure. In fact, in addition to Ferrari, it’s already included on sunroofs in McLarens, Mercedes and Cadillacs, and is expected to be widely adopted in mass-market cars in coming years. We believe that this presents a massive opportunity for us to expand our market share for smart glass in automotive and drive continued growth for this business division.”
Gauzy’s SPD LCG® sets a new standard for innovation in vehicles by prioritizing design, functionality and experience through technologically advanced materials, providing drivers and passengers with optimal comfort and better awareness of their surroundings. Unlike traditional sunscreens or mechanical shades that block/obstruct views, reduce head and/or cabin space and are hard to clean, Gauzy’s patented SPD LCG® uses an electrical voltage to change the transparency of the glass and reduce glare and heat from direct light exposure, thereby eliminating the need for shading systems altogether. The Company develops and manufactures SPD technology licensed from Research Frontiers, in which Gauzy has been a strategic investor since 2018.
Ferrari, the fourth-largest automaker by market capitalization, is amongst the latest automotive manufacturers to select Gauzy as a strategic supplier due to its proven track record in designing and delivering high-quality light and vision control products that substantially increase road safety, filter out up to
About Gauzy
Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed to support safe, sustainable, comfortable, and agile user experiences across various industries. Headquartered in Tel Aviv, Israel, the company has additional subsidiaries and entities based in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates. Gauzy serves leading brands across aeronautics, automotive, and architecture in over 30 countries through direct fulfillment and a certified and trained distribution channel.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Gauzy’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements reflect Gauzy’s current views, plans, or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive, and other risks, uncertainties, and contingencies. Forward-looking statements are based on Gauzy’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict including, without limitation, the following: Gauzy invests significant effort and capital seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, mainly in the aeronautics and automobile markets, and there can be no assurance that it will win production models, which could adversely affect its future business, results of operations and financial condition; failure to make competitive technological advances will put Gauzy at a disadvantage and may lead to a negative operational and financial outcome; Gauzy being an early growth-stage company with a history of losses and its anticipation that it expects to continue to incur significant losses for the foreseeable future; its operating results and financial condition have fluctuated in the past and may fluctuate in the future; it is exposed to high repair and replacement costs; it may not be able to accurately estimate the future supply and demand for its light and vision control products, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue; if it fails to accurately predict its manufacturing requirements, it could incur additional costs or experience delays; the estimates and forecasts of market opportunity and market growth it provides may prove to be inaccurate, and it cannot assure that its business will grow at similar rates, or at all; it may be unable to adequately control the capital expenditures and costs associated with its business and operations; it may need to raise additional capital before it can expect to become profitable from sales of its light and vision control products, which such additional capital may not be available on acceptable terms, or at all, and failure to obtain this necessary capital when needed may force it to delay, limit or terminate its product development efforts or other operations; shortages in supply, price increases or deviations in the quality of the raw materials used to manufacture its products could adversely affect its sales and operating results; its business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; it is subject to, and must remain in compliance with, numerous laws and governmental regulations across various countries concerning the manufacturing, use, distribution and sale of its light and vision control products, and some of its customers also require that it complies with other unique requirements relating to these matters; if it is unable to obtain, maintain and protect effective intellectual property rights for its products throughout the world, it may not be able to compete effectively in the markets in which it operates; the market price of its ordinary shares may be volatile or may decline steeply or suddenly regardless of its operating performance, and it may not be able to meet investor or analyst expectations; its indebtedness could adversely affect its ability to raise additional capital to fund operations, limit its ability to react to changes in the economy or its industry and prevent it from meeting its financial obligations; it has limited operating experience as a publicly traded company in the United States; conditions in Israel could materially and adversely affect its business; and any other risks and uncertainties, including, but not limited to, the risks and uncertainties in the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s prospectus (Registration No. 333-278675), dated June 5, 2024 and filed with the SEC. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by Gauzy or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Gauzy undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as otherwise required by law.
IR and Media Contact Info
Media:
Brittany Kleiman Swisa
Gauzy Ltd.
press@gauzy.com
Investors:
Dan Scott, ICR Inc.
ir@gauzy.com
FAQ
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