Gauzy Team (Facebook)
Gauzy, an Israeli startup that develops liquid crystal glass panels for use in a variety of industries, filed for a NASDAQ IPO. Once the IPO is completed, the company will trade under the ticker “GAUZ.” The specifics regarding the timing of the offering, the number of ordinary shares to be offered, and the price range for the proposed offering have not yet been determined.
Barclays is acting as lead book-running manager for the proposed offering. TD Cowen and Stifel are acting as book-running managers for the proposed offering.
A registration statement relating to the ordinary shares has been filed with the SEC, but has not yet become effective. Accordingly, the ordinary shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
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Two years ago, Gauzy acquired France-based Vision Systems, which develops ADAS (Advanced Driver Assistance System) and shading solutions, for $60 million.
Liquid crystal glass panels, also known as smart glass or switchable glass, are a type of laminated glass that incorporates a thin layer of liquid crystals sandwiched between two glass panes. These liquid crystals have the unique property of changing their orientation when an electric current is applied.
Founded in 2009 by CEO Eyal Peso and CTO Adrian Loffer, Gauzy is a vendor of material science, focused on developing, manufacturing, and marketing LCG® (light control glass) technology. The company boasts that it is the only one in the world working with two of the three active light control technologies, SPD and PDLC.
Gauzy says that its technology bridges the gap between science and people’s everyday lives as chemistry is paired with static transparent materials.
Gauzy’s “smart glass” products bring high tech to glass, allowing for a number of applications, including LCG (light control glass) technologies, SPD (suspended particle device), and LC (Liquid Crystal).
For example, LCG enables car windows to switch from opaque to transparent on demand. When windows are opaque, videos and images are projected onto them in HD quality. When the engine starts, the windows become transparent and drive ready. This development is the first of its kind and revolutionizes the capabilities of the advertising world.
Gauzy’s products can be used in a variety of markets including construction, automotive, consumer electronics, home appliances, and solar. The firm has been working with a number of carmakers to integrate its light control glass technologies into their vehicles.
Gauzy’s PDLC Smart Glass can change glass from opaque to clear giving you privacy and temperature control with the click of a switch. SPD smart glass blocks 99.5% of light, allowing windows to dim and tint without blocking views, making it the optimal shading choice for exterior windows across industries.
The company has a production facility in Germany, and sales, marketing, and distribution sites in multiple US cities and China.
