Gauzy Receives Court Approval for Restructuring and Restarts SPD Film Production

WOODBURY, N.Y., Sept. 18, 2026 /CourierPR/ -- Research Frontiers Inc., the developer and licensor of SPD-SmartGlass technology, has welcomed a significant milestone in the restructuring of its long-standing licensee, Gauzy Ltd. Gauzy has received final court approval for its comprehensive debt settlement, with support from creditors representing 98.96% of voting claims, including 100% of Gauzy’s secured lenders. This approval marks a critical step for Gauzy, which manufactures SPD light-control film in Germany and produces the proprietary SPD emulsion used in this film in Israel.

Joseph M. Harary, President and CEO of Research Frontiers, expressed his congratulations to Gauzy and its stakeholders.

The restart of SPD film production in Germany and SPD emulsion production in Israel is crucial for existing programs and the development of new initiatives. These include black SPD film and products for the large architectural retrofit market. "It allows our licensees to continue providing their customers with the best-performing light-control technology for the automotive, aircraft, marine, and architectural smart-glass industries. It also allows important new initiatives to move forward."

SPD-SmartGlass technology allows users to instantly and precisely control the amount of light, glare, and heat passing through glass and other transparent products. This technology is being used in various industries, including automotive, aircraft, marine, architectural, and other smart-glass markets. Research Frontiers licenses its patented SPD-SmartGlass technology to numerous companies, including well-known chemical, material science, and glass companies. Products using Research Frontiers’ smart glass technology are being used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums, and other buildings.

Harary concluded that Gauzy's successful restructuring and the restart of SPD production represent an important and welcome step forward for the entire SPD industry.

The approval of Gauzy's restructuring and the restart of SPD film and emulsion production are significant for the future of SPD technology. This development ensures that the technology can continue to meet the needs of various industries, from automotive to architectural applications. The successful resolution of Gauzy's financial issues and the resumption of production are expected to bolster the company's position in the global market for SPD technology, enhancing its ability to serve existing and emerging markets.