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
Gauzy (NASDAQ: GAUZ) has announced a strategic collaboration with MABA Industrial to introduce its AI-powered Smart-Vision® advanced driver assistance system (ADAS) to South Korea's commercial vehicle market. This partnership targets a market averaging 255,000+ commercial vehicle sales annually and aligns with South Korea's National Transport Safety Plan focusing on protecting vulnerable road users.
The Smart-Vision® camera monitor system (CMS) replaces traditional mirrors with high-definition cameras and interior displays, eliminating blind spots and automatically detecting road hazards. The system has received multiple certifications including UN R46, UN R10, UN R118, UN R151, IATF, and ISO 26262, and FMCSA approval for mirror replacement in the U.S.
This expansion leverages MABA Industrial's established relationships with major South Korean OEMs, including Hyundai Motor Company (a strategic Gauzy investor) and Kia , positioning Gauzy to capture significant market share in the Asia-Pacific region, which is projected to see 4.1% GDP growth in 2025.
Gauzy (NASDAQ: GAUZ) ha annunciato una collaborazione strategica con MABA Industrial per introdurre il suo sistema avanzato di assistenza alla guida (ADAS) Smart-Vision® alimentato da intelligenza artificiale nel mercato dei veicoli commerciali della Corea del Sud. Questa partnership si rivolge a un mercato che mediamente supera le 255.000 vendite di veicoli commerciali all'anno e si allinea con il Piano Nazionale di Sicurezza dei Trasporti della Corea del Sud, che si concentra sulla protezione degli utenti vulnerabili della strada.
Il sistema di monitoraggio della telecamera Smart-Vision® (CMS) sostituisce gli specchietti tradizionali con telecamere ad alta definizione e display interni, eliminando i punti ciechi e rilevando automaticamente i pericoli stradali. Il sistema ha ricevuto molteplici certificazioni tra cui UN R46, UN R10, UN R118, UN R151, IATF e ISO 26262, oltre all'approvazione FMCSA per la sostituzione degli specchietti negli Stati Uniti.
Questa espansione sfrutta le relazioni consolidate di MABA Industrial con i principali produttori di veicoli originali (OEM) sudcoreani, tra cui Hyundai Motor Company (un investitore strategico di Gauzy) e Kia, posizionando Gauzy per catturare una quota di mercato significativa nella regione Asia-Pacifico, che si prevede crescerà del 4,1% del PIL nel 2025.
Gauzy (NASDAQ: GAUZ) ha anunciado una colaboración estratégica con MABA Industrial para introducir su sistema avanzado de asistencia al conductor (ADAS) Smart-Vision® impulsado por inteligencia artificial en el mercado de vehículos comerciales de Corea del Sur. Esta asociación apunta a un mercado que promedia más de 255,000 ventas de vehículos comerciales anualmente y se alinea con el Plan Nacional de Seguridad en el Transporte de Corea del Sur, que se centra en proteger a los usuarios vulnerables de la carretera.
El sistema de monitorización de cámara Smart-Vision® (CMS) reemplaza los espejos tradicionales con cámaras de alta definición y pantallas interiores, eliminando los puntos ciegos y detectando automáticamente los peligros en la carretera. El sistema ha recibido múltiples certificaciones, incluyendo UN R46, UN R10, UN R118, UN R151, IATF e ISO 26262, y aprobación de la FMCSA para la sustitución de espejos en EE. UU.
Esta expansión aprovecha las relaciones establecidas de MABA Industrial con los principales OEM de Corea del Sur, incluyendo Hyundai Motor Company (un inversor estratégico de Gauzy) y Kia, posicionando a Gauzy para capturar una cuota de mercado significativa en la región de Asia-Pacífico, que se proyecta que verá un crecimiento del PIB del 4.1% en 2025.
Gauzy (NASDAQ: GAUZ)는 MABA Industrial와 전략적 협력을 발표하여 인공지능 기반의 스마트 비전(Smart-Vision®) 고급 운전 보조 시스템(ADAS)을 한국의 상용차 시장에 도입합니다. 이 파트너십은 연간 255,000대 이상의 상용차 판매를 목표로 하며, 취약 도로 사용자 보호에 중점을 둔 한국의 국가 교통 안전 계획과 일치합니다.
스마트 비전 카메라 모니터 시스템(CMS)은 전통적인 거울을 고화질 카메라와 내부 디스플레이로 대체하여 사각지대를 없애고 도로 위험을 자동으로 감지합니다. 이 시스템은 UN R46, UN R10, UN R118, UN R151, IATF 및 ISO 26262를 포함한 여러 인증을 받았으며, 미국에서의 거울 교체를 위한 FMCSA 승인을 받았습니다.
이번 확장은 MABA Industrial의 현대자동차(전략적 Gauzy 투자자) 및 기아와 같은 주요 한국 OEM과의 확립된 관계를 활용하여 Gauzy가 아시아 태평양 지역에서 상당한 시장 점유율을 확보할 수 있도록 합니다. 이 지역은 2025년까지 4.1%의 GDP 성장이 예상됩니다.
Gauzy (NASDAQ: GAUZ) a annoncé une collaboration stratégique avec MABA Industrial pour introduire son système avancé d'assistance à la conduite (ADAS) Smart-Vision® alimenté par l'intelligence artificielle sur le marché des véhicules commerciaux en Corée du Sud. Ce partenariat vise un marché qui enregistre en moyenne plus de 255 000 ventes de véhicules commerciaux par an et s'aligne avec le Plan National de Sécurité Routière de la Corée du Sud, qui se concentre sur la protection des usagers vulnérables de la route.
Le système de surveillance par caméra Smart-Vision® (CMS) remplace les miroirs traditionnels par des caméras haute définition et des écrans intérieurs, éliminant les angles morts et détectant automatiquement les dangers routiers. Le système a reçu plusieurs certifications, notamment UN R46, UN R10, UN R118, UN R151, IATF et ISO 26262, ainsi que l'approbation de la FMCSA pour le remplacement des miroirs aux États-Unis.
Cette expansion tire parti des relations établies de MABA Industrial avec les principaux OEM sud-coréens, notamment Hyundai Motor Company (un investisseur stratégique de Gauzy) et Kia, positionnant ainsi Gauzy pour capturer une part de marché significative dans la région Asie-Pacifique, qui devrait connaître une croissance du PIB de 4,1 % d'ici 2025.
Gauzy (NASDAQ: GAUZ) hat eine strategische Zusammenarbeit mit MABA Industrial angekündigt, um sein KI-gestütztes Smart-Vision®-System zur fortschrittlichen Fahrerassistenz (ADAS) auf dem Markt für Nutzfahrzeuge in Südkorea einzuführen. Diese Partnerschaft zielt auf einen Markt, der jährlich durchschnittlich über 255.000 Verkäufe von Nutzfahrzeugen verzeichnet, und steht im Einklang mit dem nationalen Verkehrssicherheitsplan Südkoreas, der sich auf den Schutz gefährdeter Verkehrsteilnehmer konzentriert.
Das Smart-Vision®-Kameraüberwachungssystem (CMS) ersetzt herkömmliche Spiegel durch hochauflösende Kameras und Innenanzeigen, wodurch blinde Flecken eliminiert und Straßenrisiken automatisch erkannt werden. Das System hat mehrere Zertifizierungen erhalten, darunter UN R46, UN R10, UN R118, UN R151, IATF und ISO 26262 sowie die Genehmigung der FMCSA für den Spiegelersatz in den USA.
Diese Expansion nutzt die etablierten Beziehungen von MABA Industrial zu großen koreanischen OEMs, darunter die Hyundai Motor Company (ein strategischer Investor von Gauzy) und Kia, und positioniert Gauzy, um signifikante Marktanteile in der Asien-Pazifik-Region zu erobern, die für 2025 ein BIP-Wachstum von 4,1% prognostiziert.
- Access to South Korean market with 255,000+ annual commercial vehicle sales potential
- Strategic partnership with MABA Industrial providing access to major OEMs
- Alignment with government safety mandates increasing adoption potential
- Expansion into Asia-Pacific region with projected 4.1% GDP growth in 2025
- Multiple international safety certifications and FMCSA approval
- None.
Insights
This strategic collaboration marks a pivotal entry into South Korea's commercial vehicle market, with several key advantages positioning Gauzy for success. The partnership with MABA Industrial provides immediate access to an established distribution network and deep relationships with major OEMs, particularly significant given Hyundai's existing strategic investment in Gauzy.
The market opportunity is substantial, with South Korea's 255,000+ annual commercial vehicle sales representing a potential revenue stream of hundreds of millions annually, assuming even modest market penetration. The timing is particularly strategic, aligning with South Korea's regulatory push for enhanced road safety and VRU protection, which creates a compelling adoption driver for fleet operators.
The Smart-Vision® system's comprehensive certification portfolio, including UN R46, R10, R118, R151, and FMCSA approval, provides a significant competitive advantage in a market where safety standards are paramount. The system's AI-powered features and proven track record since its 2017 UTAC approval position it well against traditional mirror systems and competing digital solutions.
The broader APAC expansion strategy is well-timed, coinciding with the region's projected 4.1% GDP growth in 2025. South Korea's focus on sustainable transportation and electric vehicles creates natural synergies for Smart-Vision®'s aerodynamic benefits and advanced safety features, particularly in urban environments where the system's blind spot elimination capabilities provide important advantages.
Positions Gauzy to capture widespread adoption of its Smart-Vision® camera monitor system (CMS) in a market that averages 255,000+ commercial vehicle sales per year
Enables Gauzy to benefit from South Korea’s heightened emphasis on protecting vulnerable road users (VRUs) as mandated in the country’s latest National Transport Safety Plan
NEW YORK and TEL AVIV, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ), a global leader in light and vision control technology, today announced a strategic collaboration with MABA Industrial, a South Korea-based renowned design and mobility solutions provider, that makes Gauzy’s AI-powered Smart-Vision® advanced driver assistance system (ADAS) available for commercial vehicles in South Korea for the first time. By leveraging MABA Industrial’s three decades of mobility expertise and established relationships with major South Korean OEMs like Hyundai Motor Company, a strategic investor in Gauzy, and Kia Corporation, Gauzy has the potential to capture a substantial share of South Korea's commercial vehicle market, which averages more than 255,000-unit sales annually.
The expansion in South Korea occurs at an opportunistic time for Gauzy, with the Republic of Korea having implemented a National Transport Safety Plan that emphasizes the protection of vulnerable road users (VRUs). Gauzy’s innovative Smart-Vision® camera monitor system (CMS) supports this government mandate by automatically detecting potential road hazards and mitigating accident risks, positioning the company to capture widespread adoption of this innovative technology amongst South Korea’s large contingent of OEMs.
“We are thrilled to have MABA Industrial as one of our partners and bolster our presence in South Korea,” stated Eyal Peso, CEO of Gauzy. “Our expansion in APAC affords us a number of strategic benefits, including the opportunity to generate a sizeable and steady new source of revenue for our growing Safety Tech division. We believe demand for the Smart-Vision® system in South Korea will quickly scale up as a result of the government’s heightened emphasis on optimizing road safety to save lives and reduce accident risks. The Republic of Korea is home to many of the world’s most esteemed OEMs, and we look forward to working with them to retrofit their existing fleets and equip their new models with the Smart-Vision® CMS.”
Bringing the Smart-Vision® system to South Korea represents a significant milestone in the company's international growth strategy, solidifying its presence in critically important Asia-Pacific, a region projected to experience GDP growth of
Hyo Jeong Koo, CEO of MABA Industrial, commented: “Smart mirror technology like Smart-Vision® is becoming a key element of future mobility, and we are very pleased to be able to maximize synergy through the introduction of advanced technology in the domestic market and provide customized solutions through cooperation with Gauzy.”
Unlike traditional mirrors with inherent blind spots and limited functionality, Gauzy's Smart-Vision® system provides a comprehensive safety solution particularly valuable for South Korea's dense urban environments. The system replaces conventional mirrors with a network of integrated high-definition exterior cameras and interior cab displays, delivering expanded visibility to eliminate blind spots, important for navigating busy city streets and transit hubs. Designed specifically for commercial vehicles, the system automatically alerts drivers to potential risks through advanced AI algorithms, further helping to prevent collisions. Beyond enhanced safety, the system offers significant operational benefits aligned with South Korea's sustainability goals, including improved aerodynamics, lower emissions, and a reduction in replacement costs.
The Smart-Vision® system passes strict homologations and certifications for safety. It was the first to gain UTAC’s worldwide approval in 2017. It is United Nation (UN) R46, UN R10, UN R118 and UN R151 certified, as well as IATF and ISO 26262 certified. In the U.S., it can replace conventional mirrors, as Federal Motor Carrier Safety Administration (FMCSA) granted its exemption approval.
About Gauzy
Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of smart glass technologies and advanced driver assistance systems (ADAS) to support safe, sustainable, comfortable, and agile user experiences across various industries. Headquartered in Tel Aviv, Israel, the company has additional subsidiaries and entities based in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates. Gauzy serves leading brands across aeronautics, automotive, and architecture in over 30 countries through direct fulfillment and a certified and trained distribution channel and partner network.
About MABA Industrial
Founded in 1988, MABA Industrial is a leading design and mobility solutions company based in Korea. Known for its innovative approach to public and commercial transportation, MABA works closely with top-tier automotive manufacturers and local governments to create sustainable and user-focused mobility solutions.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Gauzy’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements reflect Gauzy’s current views, plans, or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive, and other risks, uncertainties, and contingencies. Forward-looking statements are based on Gauzy’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict including, without limitation, the following: Gauzy invests significant effort and capital seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, mainly in the aeronautics and automobile markets, and there can be no assurance that it will win production models, which could adversely affect its future business, results of operations and financial condition; failure to make competitive technological advances will put Gauzy at a disadvantage and may lead to a negative operational and financial outcome; Gauzy being an early growth-stage company with a history of losses and its anticipation that it expects to continue to incur significant losses for the foreseeable future; its operating results and financial condition have fluctuated in the past and may fluctuate in the future; it is exposed to high repair and replacement costs; it may not be able to accurately estimate the future supply and demand for its light and vision control products, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue; if it fails to accurately predict its manufacturing requirements, it could incur additional costs or experience delays; the estimates and forecasts of market opportunity and market growth it provides may prove to be inaccurate, and it cannot assure that its business will grow at similar rates, or at all; it may be unable to adequately control the capital expenditures and costs associated with its business and operations; it may need to raise additional capital before it can expect to become profitable from sales of its light and vision control products, which such additional capital may not be available on acceptable terms, or at all, and failure to obtain this necessary capital when needed may force it to delay, limit or terminate its product development efforts or other operations; shortages in supply, price increases or deviations in the quality of the raw materials used to manufacture its products could adversely affect its sales and operating results; its business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; it is subject to, and must remain in compliance with, numerous laws and governmental regulations across various countries concerning the manufacturing, use, distribution and sale of its light and vision control products, and some of its customers also require that it complies with other unique requirements relating to these matters; if it is unable to obtain, maintain and protect effective intellectual property rights for its products throughout the world, it may not be able to compete effectively in the markets in which it operates; the market price of its ordinary shares may be volatile or may decline steeply or suddenly regardless of its operating performance, and it may not be able to meet investor or analyst expectations; its indebtedness could adversely affect its ability to raise additional capital to fund operations, limit its ability to react to changes in the economy or its industry and prevent it from meeting its financial obligations; it has limited operating experience as a publicly traded company in the United States; conditions in Israel could materially and adversely affect its business; and any other risks and uncertainties, including, but not limited to, the risks and uncertainties in the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s prospectus (Registration No. 333-278675), dated June 5, 2024 and filed with the SEC. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by Gauzy or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Gauzy undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as otherwise required by law.
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