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ALPHARETTA, Ga. - Mativ Holdings Inc. (NYSE: MATV), a leader in specialty materials, has secured its first purchase order from a major glass manufacturer for materials used in Miru Smart Technologies’ electrochromic window technology. This marks a significant step in the supply chain development for large-scale production of electrochromic glass, which is expected to be adopted by leading automotive OEMs.
The order for Argotec’s specialty thermoplastic polyurethane (TPU) interlayer film, a crucial component of Miru’s eWindow system, follows extensive co-development and testing between Mativ and Miru. This collaboration recently led to the successful creation of one of the world’s largest electrochromic sunroof devices, showcasing the scalability of the technology for next-generation vehicle designs.
Ryan Elwart, Group President of Mativ, expressed confidence in the market demand for Miru’s innovative eWindow technology and highlighted the shared commitment to customer-driven innovation platforms. Curtis Berlinguette, Founder and CEO of Miru, emphasized the partnership’s role in ensuring access to scalable interlayer materials that meet the performance standards of their eWindow system.
Mativ and Miru are set to present their joint solution at Glass Performance Days (GPD) 2025 in Tampere, Finland from June 10-12. They will also host a networking mixer at the event to foster connections among innovators and industry leaders.
The announcement is a testament to Mativ’s commitment to safety, sustainability, and innovation, as well as its ability to engineer solutions that address complex challenges in various industries. With a market capitalization of $314.69 million and a notable dividend yield of 7.02%, Mativ has maintained dividend payments for 30 consecutive years. The company’s global manufacturing and supply chain capabilities, coupled with its materials science expertise, have solidified its leading positions across multiple market segments. InvestingPro subscribers can access 8 additional key insights about Mativ’s financial health and growth prospects through the comprehensive Pro Research Report.
This development is based on a press release statement and reflects the ongoing advancements in smart glazing technologies that aim to improve energy efficiency, comfort, and user experience in automotive and architectural applications. Looking ahead, analysts expect Mativ to return to profitability this year, with earnings per share forecast at $0.64 for 2025. For detailed analysis and more financial metrics, visit InvestingPro, where you can access comprehensive research reports covering 1,400+ US equities.
In other recent news, Mativ Holdings Inc. reported its first-quarter 2025 earnings, revealing a significant miss on earnings per share (EPS). The company posted an EPS of -$0.14, falling short of the expected $0.12. Revenue was also slightly below expectations, coming in at $484.8 million, marking a 3% decrease year-over-year. Despite these results, Mativ’s stock price rose in aftermarket trading, indicating investor optimism about the company’s strategic initiatives. The company is focusing on cost reductions and debt deleveraging to improve future performance. Mativ’s Sustainable and Adhesive Solutions segment showed resilience with continued sales and margin growth. Analysts from firms like Stifel have engaged with Mativ, discussing the company’s strategic portfolio review and margin improvement plans. Looking ahead, Mativ expects significant sequential EBITDA improvement in the second quarter of 2025.
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