Second shift has nothing to do with Gauzy automotive or Ferrari. It's for areo according to their PR. That's all. I think we are missing the real news in the Ferrari article, which was worded so it appeared to link the added shift to mass production of Ferrari. The real news to me was the amount of Ferraris sold in first half --- over 7,000 when initially it was to be 2,000 to 3000 annually--- of this year and the mention of REFR as an "investment" by Gauzy.
and...
FWIW, the extra shift is likely due to increased ADAS sales, which at this time are not an SPD product
From SEC Filing:
Additionally, we believe our custom 11,000 square meter production facility, strategically located near Stuttgart, Germany, is capable of producing SPD film for approximately 600,000 square meters of material annually for the automotive and architecture industries. We currently estimate that we utilize approximately 25% of our PDLC production capacity in our Tel Aviv facility and approximately five to ten percent of our SPD production capacity in our Stuttgart facility, leaving ample room to grow production with minimal additional capital investment. Finally, our ADAS capabilities are supported by our facility in Lyon, France which we estimate has a current annual production capacity of approximately 10,000 CMS units and we plan to expand our annual production capacity in that facility to approximately 100,000 – 125,000 CMS units. Our proprietary production processes, IP and deep experience working with multiple technologies across a broad range of engineering and manufacturing disciplines enable greater innovation and facilitate our expansion into new markets and applications, while also driving our competitive cost position.
ND |
