Gauzy Ltd. reports developments in vision and light control technologies for architecture, automotive, safety technology and aeronautics. The company develops suspended particle device and liquid crystal materials for smart glass applications, as well as AI-powered driver assistance products such as Smart-Vision CMS, camera monitoring systems, smart mirrors and related safety systems for commercial vehicles.
Recurring company updates include product integrations and partnerships, operating and financial results, private financing and other capital-structure actions, shareholder voting and governance matters, and Nasdaq listing compliance. Company updates also cover court-supervised reorganization proceedings involving French subsidiaries, including Gauzy SAS, Safety Tech and Vision Systems, and related operational continuity disclosures.
Gauzy (GAUZ) announced a strategic partnership with Ambarella Inc. to enhance Advanced Driver Assistance Systems (ADAS). Their AI-powered Smart-Vision® camera monitoring system (CMS), incorporating Ambarella's CVflow® AI system-on-chip, is already operational in Ford Trucks.
The Smart-Vision® CMS replaces traditional mirrors with high-resolution cameras and interior displays, featuring self-learning capabilities, adaptive maneuver lines, and automatic hazard detection. The system provides enhanced visibility in various weather conditions, reduces blind spots, and includes surveillance mode to deter theft.
The commercial-vehicle ADAS market is projected to reach over $43 billion by 2030. The Smart-Vision® system has passed multiple safety certifications including UN R46, R10, R118, R151, and cybersecurity standards R155 and R156.
Gauzy (Nasdaq: GAUZ), a leader in light and vision control technology, has been invited by Israel's Minister of Economy and Industry to participate in a prestigious economic forum in India. The three-day summit, scheduled for February 10-13, 2025, in New Delhi, aims to strengthen bilateral trade relations between Israel and India.
The company will have the opportunity to present its technology to key Indian decision-makers, including senior government officials, industry leaders, and top CEOs. This initiative aligns with Gauzy's expansion plans in India, which the IMF projects to become the world's third-largest economy by 2030, with expected GDP growth of 6.5% in 2025 and 2026.
Gauzy has already established a presence in India, with its Polymer Dispersed Liquid Crystal (PDLC) technology being implemented in various projects, including over 5,000 square feet in a New Delhi establishment and Indian Railways' vistadome coaches. The company appointed its first national sales manager in India in 2024 and has partnerships with five glass fabrication and window film installation partners serving multiple sectors.
Gauzy (NASDAQ: GAUZ) and Journeo plc are progressing in their strategic partnership to equip London's 8,500-bus fleet with Smart-Vision® advanced driver assistance system (ADAS). The system has already been installed on over 2,500 buses, achieving approximately 30% market share in London by 2024.
Smart-Vision® replaces traditional mirrors with high-definition cameras and interior displays, providing enhanced visibility and automatic risk alerts. The partnership, ongoing since 2018, is expanding into Norway, Iceland, Sweden, and Denmark. The system has received key certifications including UN R46, UN R10, UN R118, UN R151, and FMCSA approval for mirror replacement in the US.
The collaboration aims to improve road safety for drivers, passengers, pedestrians, and cyclists while offering benefits such as improved aerodynamics, lower emissions, and reduced replacement costs.
Gauzy (NASDAQ: GAUZ) has unveiled its first-ever black Suspended Particle Device (SPD) Smart Glass technology at CES 2025. The new product features a distinguishable black appearance, developed in response to strong market demand from automotive, aeronautics, and architecture industries. The SPD Smart Glass market is projected to reach $13.4 billion by 2031, growing at a 9.9% CAGR from 2024-2031.
The technology maintains the performance of existing SPD products while offering a neutral black color. Key features include transition from clear to opaque within seconds, blocking over 99% of visible light, reducing energy consumption, and increasing vehicle headroom. The company also introduced its Solar-Powered Light Control Glass (LCG®) in the U.S., which combines SPD and PDLC technologies with transparent solar cells for energy harvesting capabilities.
Major automotive manufacturers including Ferrari, McLaren, Mercedes, and Cadillac have already incorporated SPD technology into their production vehicles. The product is expected to be available for commercial orders and serial production in the future.
Gauzy (NASDAQ: GAUZ) has received the Outstanding Supplier Award from Yutong, the world's largest commercial bus manufacturer, for its excellent performance in delivering Smart-Vision® Camera Monitor System (CMS) in Q3 2024. During this quarter, Gauzy's business with Yutong increased by 250% year-over-year.
The company's Smart-Vision® system has been installed on more than 25 different models of Yutong buses across the UK, Europe, North America, Australia, and the Middle East. The system replaces traditional mirrors with high-definition cameras and interior displays, reducing blind spots and potentially lowering bus accident costs by 40% according to Geneva Public Transport study. Gauzy serves as the exclusive ADAS supplier for Yutong's EU-imported buses equipped with this technology.
Gauzy (NASDAQ: GAUZ) has appointed Lilach Payorski to its Board of Directors and as Chair of its Audit Committee. Payorski brings over 25 years of leadership experience in financial and operational roles across multinational companies. She currently serves on the boards of NASDAQ-listed companies Oddity Tech and Kamada Her previous roles include CFO and Senior VP of Corporate Finance at Stratasys , and positions at PMC-Sierra, Check Point Software Technologies, Wind River Systems, and Ernst & Young. Payorski holds a B.A. in Accounting and Economics from Tel Aviv University and has expertise in capital fundraising, mergers and acquisitions, and business strategy.
Gauzy (Nasdaq: GAUZ) will present at the Barclays 15th Annual Global Automotive and Mobility Tech Conference on November 20, 2024, in New York. The company will showcase its Smart-Vision® Camera Monitor System (CMS) on a mirrorless Prevost bus in Times Square from 5:00pm to 8:00pm ET.
The Smart-Vision® system, which replaces traditional mirrors with cameras and displays to reduce blind spots and improve safety, is currently operational in over 80 cities worldwide, including various districts in New York, with the Capital District Transportation Authority (CDTA) being the latest adopter. Both conference attendees and non-participants can experience the system firsthand through a short bus ride by scheduling via IR@gauzy.com.
Gauzy reported Q3 2024 financial results with revenues of $23.3 million, up 24.6% year-over-year. The company posted a net loss of $5.5 million, improved from $21.3 million loss in Q3 2023. Key highlights include a 68.1% growth in Safety-Tech division revenue to $11.2 million, while Aeronautics revenue decreased 7.6% to $7.8 million.
Notable business milestones include increased orders from Yutong (250% YoY), a major European OEM contract for LCG® Smart Glass, and a Ferrari supply agreement. The company maintains Q4 2024 revenue guidance of $28-34 million and reports total available liquidity of $44.4 million.
Gauzy (NASDAQ: GAUZ) and Research Frontiers Inc. (NASDAQ: REFR) announced their CEOs' joint interview with Benzinga All Access, discussing Ferrari's selection of Gauzy as its strategic supplier for Suspended Particle Device (SPD) technology. The technology, licensed by Gauzy from Research Frontiers, will be used in mass production for a Ferrari model.
The SPD smart glass market is projected to grow at a 9.9% CAGR from 2024-2031, reaching $13.4 billion by 2031. The technology is already used by luxury automakers like McLaren, Mercedes, and Cadillac. Gauzy is also the leading Tier 1 supplier for cabin shading in business jets, partnering with Gulfstream, Embraer, and Bombardier.
Gauzy (NASDAQ: GAUZ) has expanded production capacity by adding a second shift at its Lyon, France facility to meet strong global demand. The company expects Q3 2024 revenues between $23.0-23.5 million, up approximately 24% from Q3 2023's $18.7 million. Q4 2024 guidance projects revenues of $28-34 million, representing roughly 41% growth from Q4 2023's $22.0 million.
The company reports that $4 million of initially scheduled Q3 shipments in the Aeronautics segment will be delivered in Q4, with the remainder in 2025. Recent developments include partnerships with Ferrari and the Capital District Transportation Authority of New York, along with the launch of next-generation AI-powered ADAS for commercial trucks.