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 Secures FMCSA Exemption Renewal, Positioning Company to Accelerate Mainstream Adoption of Advanced Driver Assistance Systems (ADAS) in Commercial Vehicles Throughout the U.S.