Research Frontiers Licenses SPD-SmartGlass to South Korean Venture Capital Firm
January 2, 2020
Glatic, a venture capital funded company based in Seoul, South Korea, acquired a license from Research Frontiers Inc. to produce and sell its SPD-SmartGlass smart windows for the South Korean architectural market.
“Glatic’s mission is to reinvent the future of glass technology to make it easy and affordable to add smart glass to building and vehicle environments to improve how we live,” says Eun-sik Park, CEO of Glatic. “Research Frontiers’ SPD-SmartGlass had the best performance, and the best demonstrated reliability. ... Our analysis shows that SPD-SmartGlass in the architectural markets can improve employee productivity, increase building values, and save energy including reducing lighting and HVAC hardware costs as well as energy consumption by at least 20 percent. Our product line uses SPD-Smart technology to achieve this, and is supported by our AI cloud-based control system, our intuitive user interface system with touch controls, and our intelligent app.”
SPD-Smart light control film is a key component in SPD-SmartGlass products. This film allows users to instantly, precisely and uniformly control the shading of glass products, either manually or automatically at the touch of a button.
“Now that Gauzy Ltd. has opened its new factory in Stuttgart, Germany, that can produce SPD-Smart light control film up to 1.8 meters wide, we are expanding our licensee base to make sure that key areas of the world are supplied with SPD-SmartGlass technology for the architectural smart glass market,” says Joseph M. Harary, president and CEO of Research Frontiers.
The markets for SPD-Smart film are already well-established. Research Frontiers has licensed over 40 chemical, film, and glass companies which are selling products for the automotive, aircraft, marine, train, museum and consumer electronics industries.