Core Insights - Gauzy's Smart-Vision ADAS technology is operational on over 2,500 buses in London, capturing approximately 30% of the market share in the U.K. capital [1][4] - The partnership with Journeo plc enables Gauzy to expand into key European markets including Norway, Iceland, Sweden, and Denmark [1] - The Smart-Vision system enhances road safety by replacing traditional mirrors with high-definition cameras, providing improved visibility and collision prevention [5][7] Company Overview - Gauzy Ltd. specializes in light and vision control technologies, with a focus on safety and sustainability across various industries [8] - The company is headquartered in Tel Aviv, Israel, and operates in over 30 countries, serving leading brands in aeronautics, automotive, and architecture [8] - Journeo plc is a provider of Intelligent Transport Systems, focusing on enhancing efficiency and sustainability in public transport networks [9] Market Dynamics - The global ADAS market is projected to exceed $125 billion by 2029, indicating significant growth potential for companies like Gauzy and Journeo [6] - The collaboration between Gauzy and Journeo aims to reduce on-road accidents and fatalities, positioning both companies as leaders in urban safety technology [2][3]
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)