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Technology Stocks : Research Frontiers (REFR) -- Ignore unavailable to you. Want to Upgrade?


To: JoAnnBarbour who wrote (27671)7/19/2019 10:01:48 AM
From: dimtint6 Recommendations

Recommended By
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  Read Replies (1) | Respond to of 28675
 
One of the very biggest advantages of Gauzy's vertical integration (read full SPD supply chain/ distribution channel) is the concurrent development/deployment that it affords:
Sales gives feedback to engineering and emulsion gets tweaked.
Customer needs different functionality and software/electronic hardware changes happen internally.
Logistics reviews come in from international licensed partners and shipping/receiving makes changes.

Other than the glass itself(read AGC, NSG, St Gobain--only Guardian is not in the SPD supply chain) Gauzy is as full stack SPD as is possible in a way Hitachi never came close to. Add Vision to that stack and you actually have a pretty decent sized organization offering complete solutions at the tier 1,2,3,4 etc level.



To: JoAnnBarbour who wrote (27671)7/19/2019 12:38:25 PM
From: DashernComet  Read Replies (1) | Respond to of 28675
 
Hitachi has never been any more than a contract producer of film. Yeah, Joe did a license, blah blah blah. But many of your longish compadres here have complained that Hitachi did not do much (or nothing) to promote or expand the applications of SPD. It has been 10 years with Hitachi, and you have ONE platform at Mercedes for autos (the S Class) and the limited production McClaren. Panasonic and their signs? Even you Longs don’t mention that anymore. Hitachi doesn’t care about the piddling business of producing SPD film.

Gauzy sales people talk far more, and more constructively about their PLDC than they do SPD. People at Gauzy, Polytronics and the little guys in Faribault (Sage) all say the biggest part of the cost of switchable glass is in the glass and laying up the film, and then the controls and wiring.

So how big is the SPD Industry? (Thank you NDixon for that term). Based on the last 4 years recap of REFR revenues that seem to reliably “Cap out” at $1.5 million, it seems a 10% royalty says the finished product Total of SPD is $15 million. How exciting is it to be producing the film, which is the smallest part of the total product?