Gauzy Ltd. to Present and Feature Advanced Driver Assistance System (ADAS) Equipped Bus at Barclays 15th Annual Global Automotive and Mobility Tech Conference

Rhea-AI Summary

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.

Investors and Conference Attendees Invited to Board and Join a Short Ride Around City to Experience a Completely Mirrorless Vehicle Equipped with Gauzy Smart-Vision®

Smart-Vision® ADAS to be Showcased on Public New York City Bus Already on Roads

TEL AVIV, Israel and NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ), a global leader in vision and light control solutions, today announced that its senior management will present at the Barclays 15th Annual Global Automotive and Mobility Tech Conference on Wednesday, November 20, 2024 in New York.

As part of its participation, Gauzy management will welcome interested parties to experience its ADAS firsthand by boarding and taking a short ride in Times Square on a completely mirrorless Prevost bus equipped with its Smart-Vision® Camera Monitor System (CMS) from 5:00pm to 8:00pm ET at the Conference.

Gauzy’s Smart-Vision® increases visibility to reduce blind spots, improving safety and increasing driver confidence. This system is the only known system in the United States that can fully replace traditional side and rear-view mirrors with cameras and displays. Smart-Vision® is currently implemented on buses in various districts in New York, with the latest being the Capital District Transportation Authority (CDTA), and now is in over 80 cities worldwide, all choosing Gauzy as a critical component in programs designed to improve road safety.

Gauzy's executive management team also welcomes non-conference participants to view and experience its system. To schedule a seat on the showcase vehicle please email IR@gauzy.com.

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed 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 Dubai. Gauzy serves leading brands in over 30 countries through direct fulfillment and a certified and trained distribution channel.

Cautionary Statement Regarding 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.

Contacts

Media:
Brittany Kleiman Swisa
Gauzy Ltd.
press@gauzy.com

Investors:
Dan Scott, ICR Inc.
ir@gauzy.com

FAQ

What will Gauzy (GAUZ) showcase at the Barclays Automotive Conference in November 2024?

Gauzy will showcase its Smart-Vision® Camera Monitor System (CMS) on a mirrorless Prevost bus, offering demonstration rides in Times Square from 5:00pm to 8:00pm ET on November 20, 2024.

How many cities currently use Gauzy's (GAUZ) Smart-Vision® system?

Gauzy's Smart-Vision® system is currently implemented in over 80 cities worldwide, including various districts in New York.

What are the main benefits of Gauzy's (GAUZ) Smart-Vision® system?

The Smart-Vision® system increases visibility by reducing blind spots, improves safety, and increases driver confidence by replacing traditional side and rear-view mirrors with cameras and displays.

How can people experience Gauzy's (GAUZ) Smart-Vision® system at the conference?

Both conference attendees and non-participants can experience the system by scheduling a seat on the showcase vehicle through email at IR@gauzy.com.