Mativ-Miru Collaboration Accelerates Automotive eWindow Deployment

Mativ Holdings, Inc. MATV and Miru Smart Technologies have deepened their collaboration with a new equity investment from the former aimed at speeding up the commercialization of the latter’s dynamic electrochromic eWindow technology for automotive applications.  

The expanded partnership builds on their 2024 joint development agreement and focuses on moving the technology from successful technical validation to large-scale, production-ready deployment. Under the strengthened arrangement, Miru’s target of delivering 10 million square feet of eWindows by 2028 will be supported by Mativ’s global extrusion capabilities and the integration of the latter’s Argotec high-performance TPU films into Miru’s proprietary manufacturing process, a key step toward meeting strict automotive durability and supply-chain requirements.  

The companies have already achieved important milestones, including creating one of the largest compound-curved electrochromic sunroofs in the industry and securing early commercial orders from leading glass manufacturers last year. Their combined technology, known for its neutral tint, high clarity, effective solar-heat management and potential to improve EV driving range by up to 10%, is now being positioned for scalable production and broader adoption across automotive, architectural and industrial sectors. 

Shares of MATV are up 27.2% in the past year against the industry’s 0.1% decline. 

MATV Zacks Rank & Key Picks

MATV currently carries a Zacks Rank of #3 (Hold).

Some better-ranked stocks in the Basic Materials space are Albemarle Corporation ALB, LSB Industries LXU, and Novozymes A/S NVZMY. ALB and LXU carry a Zacks Rank of #1 (Strong Buy), while NVZMY has a Zacks Rank of #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for ALB’s current fiscal-year loss stands at $1.1 per share, implying a 53% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average surprise of 35.3%. Shares of ALB have gained 73.4% over the past year.

The Zacks Consensus Estimate for LXU’s current fiscal-year earnings is pegged at 36 cents per share, indicating a 57% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing twice, with an average surprise of 141.3%. Shares of LXU are up 3.1% over the past year.

The Zacks Consensus Estimate for NVZMY’s current fiscal-year earnings is pegged at $2.31 per share, indicating a 23% year-over-year increase. Shares of NVZMY have jumped 13.5% over the past year.

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This article originally published on Zacks Investment Research (zacks.com).

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