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)