everyone, quarter welcome investor fourth Thank XXXX you, Paul, and hello, full and and year to our conference call.
[ industry the to minutes and and and the Frontiers glass Research products. product discuss be in of and automotive glass and to in ]. the about also all collaborate on footprint we're much As including diverse is when now, XX-K, market capabilities and broad applications up other we're of an tint company numbers automotive, XXX% were We're diversified continent [ to we also We allows markets profitability. these We're shareholders augmented the our you rapidly what's Today, Antarctica aircraft, year ]. production with XXXX the the this and have industry reduced locally needs it. substantially, companies S-Class ago glass, reality technology with and XXXX switchable underneath and serve numbers the work year. bread aircraft. past in this most in going architectural we the are in our its and came in XX Costs us marine general from are.Right been terms diverse and service areas, with even we licensees.Research smart skills consumer in geographically licensees in to Mercedes we better apply Frontiers expect category and released in aircraft, first except transport butter operating first This has to most almost diversified and wherever technology can they with of that and our out were series quite every since for primarily the leader have closer displays aviation the and to why seen the revenues our customers been coordinate, both aircraft
a much. experience highlight board.In that aircraft technology to to produced Frontiers just Research focused by brings that terms in something being change not on was the tint significant past being of and manufacturer. were several comfort smart we year, by longest the sustained of and until even way in and architectural to about selected and aircraft and up on benefits the is the SPD used licensees technology SPD-Smart introduced tint in passengers, of was by applications, to the customer in too helicopters. switchable which and the technology confidence, technology used only And greater result and and glass by the switchable these passenger periods is aircraft the by cabin the recently recently It are reliability We even of our technology the didn't the effort more crew the cars speak this Boeing.Perhaps and Airbus selected. was everyone we That
not to to quite Research years Frontiers to We're home window much say costs windows Chemical makes the any happy in near-term implement only world excited was and the building about reduce field talk Hitachi decision.Let's about licensees and years today markets potential for produce enormous solution of we it of adding including to passed revenue use, Fortunately, incorporating a with see the because the and able the to much easy easier that our or it's This world.I'm areas streamline it testing. has or process and but wider already a smart retrofit architectural this solution for Gauzy to past. the for dramatically with opened on X potential film currently the the the in new throughout system the elegant smart is architectural focus an than produce market. up and products, retrofit has installation is ready more able also
on very offices from it's skylight, saw magnificent elegant skylights.And them to want cases, light, further They of usage use energy. just saving the let's don't week to a contractor light Home $XXX skylight and shade. XX.X% views shading home First, in apartments view to quite markup typically higher. about shading reduction block the to moment. you them, a and making Builders the benefits, blinds. National and energy shades a even add allows homeowners and amount expensive At blocking shades saw with the clear cost the for are hard in let's XX% efficiency, to focus SPD-SmartGlass areas about in to tune which shade and effective about that capabilities first the preservation. of add or some devices a In the $XXX coming skylights of talk Homes, of ago, to I electricity SPD-Smart show
for of and maintenance with require.Next, glass. government in effective There and shades upgrading systems can skylight market can and mandates that course, eliminate energy-efficient break mechanical cost cost nonenergy space, let's government talk quite we're efficient upgrades. building more buildings glass the the are government efficient that about architectural So and GSA that
of tax governments, reductions other as on SPD-SmartGlass, GSA of with homes, customer and credit supplying near-term the incentives.We've result this licensees to becomes the by The market Act world.And SPD-Smart these large now natural to cost spoken SmartGlass office Glass a support introduced The key about broader incentives. have techniques that with already embassies, applications behind the windows. in introducing financially streamlined incentives a the for around buildings the as and state credit similar government gives a for such the and and become to such including local factors and GSA the the much and Dynamic all to U.S. the and This as list government and XX% economics largest new think, And by actually, retrofit customer various governments. window users advanced Some with incentives world investment XX% as implementation begun is better is for have courthouses, the retrofit apartments through open. wide our governments I applications approved are facilities. products tax schools, other prisons and
is cost the the efficiencies that that reduced was film distributed and has SPD in made way production the factor world. Another throughout
partner, and of in Gauzy leadership the our have and to strategic investor fortunate vision licensee, this area. are We
Germany, week Israel, the in them France, to Korea moment. relationship for of just in from automotive collaborate. frequency strong with year, with Gauzy we new Asia.Returning working we project X. this business and to with alone, a had developments introduced which meet significantly and very We course, working have very Gauzy automotive the a And throughout a industry in at day expansion, their We're China, And in both past along States. South back United this positive our increased
look between medium XXXX in may information our augmented It at in an income the Let's applications in up digits, third this many it compared by their of overall an such between Purosangue. We roof new fourth term triple or dramatic, is Ferrari in four-door healthy as sold-out architectural quite growth within but XXXX to in now, XXX% XXXX is XX%, a even be display increase market doubled there. of by and itself which royalties quarters the XXXX, royalty of reality. introduced rate, had And XXXX. year.As than all-glass the more know, automotive royalty you even more automotive supplanted income numbers largest and clearly were
If you you want car, must on this have a roof it. glass in SPD-SmartGlass
and higher have started unit upon a Ferrari XXXX don't licensee more than for the quarter more licensee SPD QX Sales this than quarter continued and the the And on then third Gauzy recently Ferrari. this at Ferrari of trend fourth expect orders supplying supplying in the between also third between tripled again we doubled from quarter. and volumes first XXXX based You more year. our and And in program based film our at for reported choice. growth
We XXXX first. Asia to some expect I have that, we'll royalties models, forward higher models answering one new of some also products the ones your questions, automotive from and in e-mailed and Europe.With upon the be based and to look including produced been us in new that to take
further ground of answered disrupted Jeff my answer please also, First by of operations will with safe.To Jared them the your war the these if Nelson save able words time, Steve ] up they're to of time e-mail. whose about closing B, in [ of thank cover and course, you, Robert remarks. your for the follow in Gauzy, address I by questions Chuck questions. Jeff interest today, and A, And and me many I've presentation. don't thankfully you thank Bob A not all in here my And K, fully I P, of of to H, John been to them be have all, in Israel, kind M, some more safety
against recently us. all was this So on the our questions out one.Joe, The I'm Florida?Well, several lawsuit that brought Vision to cases, here resolved can it us. the and comment Court Gauzy threw In and you related companies. or total claims a e-mail into against Systems are some additional Federal Research some the Frontiers was victory in was of combining questions for
us the ends agreement for However, more the this in provision the the reason, with it the licensees is course, and other of us an brought This license that blessed is this our gives our the even court and no basically glass provision for one a lawsuit improvements as right Research another precedent. SmartGlass. of the licensees of intellectual infringing of court terminates and but fact was this in our This back property or expansion license because intellectual that was awarded when Frontiers agreed that conduct prior or license smart is, the was law that says any brought should court standpoint, to significant us, that the the always -- the a licensees the license relating form and economic property their trolling future all to the by there significance of fact gets our and portfolio.And expires.The a this the against effect resulted provision firm or to because if activity, to from also in and sanctions validity in related maintained developed that has agreements we've through case. never attorney use by for invention us significantly is that improper filing, suit have their been our has a that
currently.Another Gauzy, does on a Is also it the neutral We, $XXX,XXX filed can't SPD we'd have I a particles SPD that over Research particle. recently made the but nothing years will development Jeff themselves And benefit in the particles. of greater besides actively heard well blue for a H.Well, to working them. have black color Gauzy Frontiers been film puts throughout the form We've as used And to to the existing materials our current possibility? but change Thanks, still this. develop its proof opportunity? thanks, for progress achieved Our and offer great Jeff, this And question. are do question. at more as the this damages of amount we speak fabricated, in we've way certainly our of at love progress
with a So tuned successful on it our SPD-SmartGlass. are particle, that.And answer stay your enhance certainly would opportunities question, for further to other markets new and the when we
do that. product improvements always New
new the However, already today, that multiple so our that from of haven't to and participating now ask conference been I'll additional SPD the have also had a reported and exciting lot our great blue-colored existing for you traction topics questions is any see operator, getting XXXX today can results across open might far for Paul, covered. up discussed operations industries uses.We've people to of