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Gauzy Secures FMCSA Exemption Renewal, Positioning Company to Accelerate Mainstream Adoption of Advanced Driver Assistance Systems (ADAS) in Commercial Vehicles Throughout the U.S.
GlobeNewswire· 2025-02-27 12:00
Core Viewpoint - Gauzy Ltd. has received an exemption renewal from the FMCSA, allowing the company to replace traditional mirrors on public transit buses with its Smart-Vision camera monitor system across all 50 states, pending state approvals, which could lead to retrofitting over 900,000 buses in the U.S. [1][2][4] Group 1: Company Developments - The FMCSA approval positions Gauzy to accelerate the adoption of advanced driver assistance systems (ADAS) in commercial vehicles throughout the U.S. [4] - Gauzy's Smart-Vision CMS is already operational on approximately 300 public buses in the U.S., with ongoing efforts to retrofit existing buses and outfit new ones [5] - The company has demonstrated the effectiveness of its Smart-Vision system in international markets, equipping over 2,500 buses in London, covering about 30% of the market [6] Group 2: Strategic Partnerships - Luminator Technology Group, a strategic partner of Gauzy and the largest distributor of its Smart-Vision CMS in North America, is positioned to leverage the FMCSA approval to enhance safety in mobility [2][7] - The partnership aims to significantly increase the number of buses equipped with Gauzy's ADAS nationwide, contributing to safer urban environments [7] Group 3: Market Potential - With over 900,000 licensed buses in the U.S. that can be retrofitted with the Smart-Vision system, Gauzy has the potential to generate a substantial new revenue stream [2] - The extension of the FMCSA exemption is seen as a strategic win for Gauzy, enabling growth in its Safety Tech division and expanding implementation across various markets [3]
Gauzy Bolsters Presence in South Korea as Part of a Strategic Collaboration with MABA Industrial, Bringing AI-Powered Smart-Vision® Advanced Driver Assistance System to Critical Asia-Pacific Market
GlobeNewswire· 2025-02-20 12:00
Core Insights - Gauzy Ltd. has announced a strategic collaboration with MABA Industrial to introduce its Smart-Vision camera monitor system (CMS) for commercial vehicles in South Korea, capitalizing on the country's focus on road safety [1][2][3] - The partnership is expected to enhance Gauzy's market presence in South Korea, which sees over 255,000 commercial vehicle sales annually, and aligns with the National Transport Safety Plan aimed at protecting vulnerable road users [1][2][3] - The Smart-Vision system is designed to replace traditional mirrors with high-definition cameras, improving safety and operational efficiency for commercial vehicles in urban environments [4][5] Company Overview - Gauzy Ltd. specializes in light and vision control technology, focusing on the development and marketing of smart glass technologies and advanced driver assistance systems (ADAS) [6][7] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries, serving leading brands across various industries [6][7] Industry Context - The introduction of the Smart-Vision system in South Korea is timely, given the government's emphasis on road safety and the growing demand for sustainable transportation solutions, particularly in the electric bus segment [2][3] - The Asia-Pacific region is projected to experience GDP growth of 4.1% in 2025, which may further drive interest in AI-powered solutions like ADAS for fleet modernization [3]
Gauzy Invited by Israel's Minister of Economy and Industry to Participate in Prestigious Economic Forum Designed to Foster Collaboration Between Israeli and Indian Companies
Newsfilter· 2025-01-27 12:00
Core Insights - Gauzy Ltd. has been invited to participate in a prestigious economic forum in India, aimed at exploring new business opportunities and strengthening bilateral trade relations between Israel and India [1][2] - The company aims to leverage its innovative light and vision control technology to capitalize on India's rapid economic growth, projected to reach a GDP growth rate of 6.5% in 2025 and 2026 [1][2] - Gauzy is strategically prioritizing its expansion in India, where it has already established relationships with key players in various sectors, including real estate and transportation [2][3] Company Overview - Gauzy Ltd. is a fully-integrated company focused on the research, development, manufacturing, and marketing of light and vision control technologies [4] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries, including Germany, France, the United States, and China [4] - Gauzy serves leading brands across various industries, including aeronautics, automotive, and architecture, in over 30 countries [4] Market Opportunities - India is identified as a massive growth opportunity for Gauzy, driven by an expanding middle class, a youthful population, and significant public infrastructure investments exceeding $1 trillion [2] - The company has begun installing its Polymer Dispersed Liquid Crystal (PDLC) adhesive smart glass film in new buildings and has secured multiple orders in the hospitality sector [2] - Gauzy's technology is already featured in Indian Railways' vistadome coaches, enhancing passenger experiences with scenic views [2]
Gauzy Invited by Israel's Minister of Economy and Industry to Participate in Prestigious Economic Forum Designed to Foster Collaboration Between Israeli and Indian Companies
GlobeNewswire News Room· 2025-01-27 12:00
Enables Gauzy to cultivate existing relationships and foster new ones with high-profile senior government officials, heads of the economy, leading industrialists, top CEOs, and industry leaders Positions Gauzy to accelerate its growth and sales pipeline throughout India, the fastest-growing major economy in the world according to the International Monetary Fund (IMF) Provides Gauzy opportunity to promote the many strategic benefits of light and vision control technology in a nation surging with investment ...
Gauzy's and Journeo's Strategic Partnership on Track to Enhance Road Safety on London's Fleet of 8,500 Buses With Smart-Vision® Advanced Driver Assistance System (ADAS)
Newsfilter· 2025-01-21 12:00
Core Insights - Gauzy's Smart-Vision® advanced driver assistance system (ADAS) is operational on over 2,500 buses in London, capturing approximately 30% of the market share in the U.K. capital [2][4] - The partnership with Journeo enables Gauzy to expand into key European markets including Norway, Iceland, Sweden, and Denmark [2][3] - The strategic collaboration aims to enhance road safety for drivers, passengers, and pedestrians in high-traffic urban areas [3][7] Company Overview - Gauzy Ltd. specializes in light and vision control technology, focusing on research, development, manufacturing, and marketing of these technologies [8] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries including Germany, France, the U.S., Canada, China, Singapore, and the UAE [8] - Gauzy serves leading brands across various industries such as aeronautics, automotive, and architecture in over 30 countries [8] Partnership Dynamics - The collaboration with Journeo, a provider of Intelligent Transport Systems, enhances system efficiency and sustainability in public transport [9] - Journeo's expertise and established relationships within the transport community are expected to drive the adoption of Gauzy's Smart-Vision® system [4][6] - Both companies are committed to improving safety in public transportation, leveraging their combined resources to expand the deployment of the Smart-Vision® system [7] Technology and Market Potential - The Smart-Vision® system replaces traditional mirrors with high-definition cameras and displays, improving driver visibility and safety [5] - The global ADAS market is projected to exceed $125 billion by 2029, indicating significant growth potential for Gauzy and Journeo [6] - The system has received various safety certifications, including UN homologations and IATF and ISO certifications, ensuring compliance with safety standards [7]
Gauzy’s and Journeo’s Strategic Partnership on Track to Enhance Road Safety on London’s Fleet of 8,500 Buses With Smart-Vision® Advanced Driver Assistance System (ADAS)
GlobeNewswire· 2025-01-21 12:00
Gauzy’s ADAS technology now operational on over 2,500 buses in the U.K. capital city, reaching approximately 30% of the market Collaboration enables Gauzy to enter key European countries in Norway, Iceland, Sweden and Denmark Gauzy and Journeo are on track to equip London’s fleet of 8,500 buses with the cutting-edge Smart-Vision® advanced driver assistance system (ADAS). Currently, over 2,500 buses operate with this technology, a figure surpassed at the end of 2024. NEW YORK and LONDON, Jan. 21, 2025 (GLO ...
Gauzy Unveils New Black Suspended Particle Device (SPD) Smart Glass Technology at CES 2025
Newsfilter· 2025-01-09 14:00
Company's first-ever SPD product with distinguishable black appearance can be seen on display at Gauzy's Booth #6516 in Automotive West Hall Enables Gauzy to further solidify its already dominant position in SPD Smart Glass, a market expected to reach $13.4 billion in value by the end of 2031 World's most powerful tech event provides Gauzy the opportunity to showcase several additional light and vision control products, including introducing its transformative Solar-Powered energy harvesting Light Control ...
Gauzy Receives Outstanding Supplier Award for Its Smart-Vision® Advanced Driver Assistance System (ADAS) From World’s Largest Commercial Bus Manufacturer, Yutong
GlobeNewswire· 2024-12-17 12:00
Gauzy selected for its excellent performance in delivery and support of its Smart-Vision® Camera Monitor System (CMS) in the third quarter of 2024 Gauzy’s innovative safety system installed on more than 25 different models and configurations of Yutong buses throughout the United Kingdom, Europe, North America, Australia and the Middle East TEL AVIV, Israel and NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Gauzy (NASDAQ: GAUZ), a leading provider of light and vision control technology, is thrilled to announce ...
Gauzy Receives Outstanding Supplier Award for Its Smart-Vision® Advanced Driver Assistance System (ADAS) From World's Largest Commercial Bus Manufacturer, Yutong
Newsfilter· 2024-12-17 12:00
Gauzy selected for its excellent performance in delivery and support of its Smart-Vision® Camera Monitor System (CMS) in the third quarter of 2024 Gauzy's innovative safety system installed on more than 25 different models and configurations of Yutong buses throughout the United Kingdom, Europe, North America, Australia and the Middle East TEL AVIV, Israel and NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Gauzy (NASDAQ:GAUZ), a leading provider of light and vision control technology, is thrilled to announce t ...
Gauzy Appoints Seasoned Public Company Executive and Director Lilach Payorski to Board of Directors
GlobeNewswire News Room· 2024-12-03 14:00
Possesses more than 25 years’ multinational finance and operations experience across a range of industries Currently serves as board member of publicly traded companies Oddity Tech and Kamada Ltd. Becomes Chair of Gauzy’s Audit Committee TEL AVIV, Israel, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Gauzy (NASDAQ: GAUZ), a leading provider of light and vision control technology, is pleased to announce the appointment of Lilach Payorski to its Board of Directors and Chair of its Audit Committee, effective immediately. ...