Avery Dennison Corporation today said it has made an investment in Israeli startup Gauzy, developer and manufacturer of liquid-crystal-based materials, and solutions for a variety of end markets including construction, automotive, consumer electronics, home appliances, the solar industry and more.
The exact amount of the investment was not published but is estimated to be a few million dollars.
Based in Tel Aviv, Israel, 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.
Gauzy’s solution includes window films, hardware controllers for film operation and preservation with verification tools for worldwide partners. The film is currently used in architectural applications and is under evaluation for automotive applications.
Gauzy’s liquid crystal films have a unique LC morphology, which provides a premium screening surface, characterized by HD images, with wide viewing angles and limited image distortion.
According to the agreement, Avery Dennison’s Hanita business division will collaborate on the development and marketing of a retrofit version of Gauzy’s switchable window film, which would add to Avery Dennison’s window film product portfolio.
Avery Dennison Hanita has identified opportunities in the architecture and retail segments for these solutions. The two companies anticipate further product opportunities will emerge from their collaborative efforts in the automotive industry.
Gauzi currently employs 60 people in Israel and around the world. The company has offices in Los Angeles and Stuttgart. To date, Gauzi has raised $ 14 million, excluding the current round. Among its investors are Lazarus Investment Fund, Olive Tree Vissi, the Russian Waarde Capital Fund and others.