Avery Dennison Makes Capital Investment in Liquid Crystal Specialty Films Developer

October 4th, 2017 by Editor

Glendale, Calif.-based Avery Dennison Corp. 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, Israel, Gauzy has 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. Gauzy’s film currently is 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 are delighted to be working with the innovators at Gauzy on the continuing development and expansion of their exciting switchable film technology,” says Georges Gravanis, president of Avery Dennison’s Label and Graphic Materials business group. “We also look forward to leveraging both our organizations’ expertise to drive innovation in specialty films and develop new applications and sales channels for these versatile materials.”

“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,” adds Eyal Peso, CEO and co-founder of Gauzy.

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