Gauzy’s $7 Million Financing Enables Restart of SPD-SmartGlass Production, Fulfillment of Customer Backlog, Introduction of New Products and Expansion of Global Market Opportunities for Research Frontiers
Key Highlights
- ➤Gauzy (GAUZ) completes $7 million equity financing led by CEO Eyal Peso
- ➤Gauzy resumes SPD-SmartGlass production after court-approved settlement addressing approximately $61 million liabilities
- ➤Payments begin supporting SPD emulsion production in Israel and light-control film production in Germany
- ➤Research Frontiers advances architectural SPD-SmartGlass retrofit solution for existing buildings
- ➤SPD-SmartGlass selected for electronically dimmable window systems on two new North American OEM aircraft models
Expert Statements
Eyal Peso, CEO of Gauzy Ltd.
“turn our full attention to executing on our backlog”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“This is an important turning point for Research Frontiers, our licensees and the global markets for SPD-SmartGlass technology”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“Gauzy’s completed financing and court-approved settlement provide a foundation for restoring production and rebuilding the commercial momentum that was interrupted by the involuntary court proceedings initiated against Gauzy last November.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“Payments have already begun flowing from Gauzy to support the restart of SPD emulsion production in Israel and SPD light-control film production in Germany. Restoring this supply chain will enable Research Frontiers’ licensees to resume and expand their ability to supply the best-performing electronically dimmable light-control technology to customers in automotive, aircraft, marine and architectural smart glass.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“One of the most exciting opportunities enabled by the restoration of SPD film production is the advancement of our innovative, first-of-its-kind architectural SPD-SmartGlass retrofit solution.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“We believe this represents a potentially transformative expansion of the smart glass market.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“The market opportunity is substantial, and we are excited to resume offering this innovative product to the market.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“At the same time, we are moving forward with completing development of next-generation black SPD film and other advanced SPD film products.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“We also see renewed momentum in the transportation market.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“Importantly, we are not starting from scratch.”
Joseph M. Harary, President and CEO of Research Frontiers Inc.
“Gauzy’s financing now allows us to build on that investment, support existing and prospective customer programs, advance new products and pursue meaningful long-term growth and shareholder value.”
WOODBURY, N.Y., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR), the developer and licensor of patented SPD-SmartGlass technology, today outlined the significance of the completion of a $7 million equity financing by its licensee Gauzy Ltd. (Nasdaq: GAUZ). The financing, led by Gauzy CEO Eyal Peso and other investors, supports the resumption of SPD-SmartGlass production and renewed momentum in existing customer programs, advanced product development and new markets.
The financing closed on October 15, 2026, following Israeli court approval of Gauzy’s comprehensive settlement addressing approximately $61 million of pre-petition liabilities. In Gauzy’s announcement, Eyal Peso expressed his personal commitment to Gauzy and confidence in its technology, customers and long-term growth strategy, and said the company could now “turn our full attention to executing on our backlog” across the architecture, automotive, aviation and rail markets.
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