Research Frontiers Welcomes Gauzy’s Court-Approved Restructuring and the Restart of SPD-Smart Light Control Film Production
Research Frontiers welcomed final court approval of licensee Gauzy's comprehensive debt settlement, which creditors representing 98.96% of voting claims — including 100% of secured lenders — voted to support. Gauzy manufactures SPD light-control film in Germany and the proprietary SPD emulsion used to produce it in Israel, and CEO Joseph Harary said activities and funding have already begun flowing to restart both operations.
Key figures
- Creditor vote approval
- 98.96% of voting claims
- Secured lender approval
- 100% of secured lenders
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