Gauzy Receives Outstanding Supplier Award for Its Smart-Vision® Advanced Driver Assistance System (ADAS) From World’s Largest Commercial Bus Manufacturer, Yutong
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) ha ricevuto il premio Outstanding Supplier Award da Yutong, il più grande produttore mondiale di autobus commerciali, per le sue eccellenti prestazioni nella fornitura del sistema di monitoraggio con telecamera Smart-Vision® (CMS) nel terzo trimestre del 2024. Durante questo trimestre, gli affari di Gauzy con Yutong sono aumentati del 250% rispetto all'anno precedente.
Il sistema Smart-Vision® dell'azienda è stato installato su oltre 25 diversi modelli di autobus Yutong nel Regno Unito, in Europa, in Nord America, in Australia e in Medio Oriente. Il sistema sostituisce gli specchietti tradizionali con telecamere ad alta definizione e display interni, riducendo i punti ciechi e potenzialmente abbattendo i costi degli incidenti degli autobus di circa il 40% secondo uno studio dei trasporti pubblici di Ginevra. Gauzy è il fornitore esclusivo di ADAS per gli autobus importati nell'UE di Yutong dotati di questa tecnologia.
Gauzy (NASDAQ: GAUZ) ha recibido el Premio al Proveedor Excepcional de Yutong, el mayor fabricante de autobuses comerciales del mundo, por su excelente desempeño en la entrega del sistema de monitorización con cámara Smart-Vision® (CMS) en el tercer trimestre de 2024. Durante este trimestre, los negocios de Gauzy con Yutong aumentaron un 250% interanual.
El sistema Smart-Vision® de la compañía se ha instalado en más de 25 modelos diferentes de autobuses Yutong en el Reino Unido, Europa, América del Norte, Australia y Oriente Medio. El sistema reemplaza los espejos tradicionales por cámaras de alta definición y pantallas interiores, reduciendo los puntos ciegos y potencialmente disminuyendo los costos de accidentes de autobuses en un 40% según un estudio del Transporte Público de Ginebra. Gauzy es el proveedor exclusivo de ADAS para los autobuses importados de la UE de Yutong equipados con esta tecnología.
Gauzy (NASDAQ: GAUZ)는 세계 최대 상용 버스 제조업체인 Yutong으로부터 2024년 3분기 스마트 비전® 카메라 모니터 시스템(CMS) 제공에서 우수한 성과를 인정받아 Outstanding Supplier Award를 수상했습니다. 이 분기 동안 Gauzy의 Yutong과의 거래는 전년 대비 250% 증가했습니다.
회사의 스마트 비전® 시스템은 영국, 유럽, 북미, 호주 및 중동에 있는 Yutong 버스의 25개 모델 이상에 설치되었습니다. 이 시스템은 기존의 거울을 고해상도 카메라와 내부 디스플레이로 대체하여 사각지대를 줄이고, 제네바 대중교통 연구에 따르면 버스 사고 비용을 40%까지 줄일 수 있습니다. Gauzy는 Yutong의 EU 수입 버스에 이 기술이 장착된 독점 ADAS 공급업체입니다.
Gauzy (NASDAQ: GAUZ) a reçu le prix Outstanding Supplier Award de Yutong, le plus grand fabricant de bus commerciaux au monde, pour sa performance exceptionnelle dans la livraison du système de caméra de surveillance Smart-Vision® (CMS) au troisième trimestre 2024. Au cours de ce trimestre, le chiffre d'affaires de Gauzy avec Yutong a augmenté de 250 % par rapport à l'année précédente.
Le système Smart-Vision® de l'entreprise a été installé sur plus de 25 modèles différents de bus Yutong au Royaume-Uni, en Europe, en Amérique du Nord, en Australie et au Moyen-Orient. Ce système remplace les miroirs traditionnels par des caméras haute définition et des affichages intérieurs, réduisant ainsi les angles morts et diminuant potentiellement les coûts d'accidents de bus de 40 % selon une étude des Transports publics de Genève. Gauzy sert de fournisseur exclusif d'ADAS pour les bus importés de l'UE par Yutong équipés de cette technologie.
Gauzy (NASDAQ: GAUZ) hat den Outstanding Supplier Award von Yutong, dem größten Hersteller von Linienbussen weltweit, für seine hervorragende Leistung bei der Lieferung des Smart-Vision® Kameramonitorsystems (CMS) im dritten Quartal 2024 erhalten. Im Laufe dieses Quartals haben sich die Geschäfte von Gauzy mit Yutong um 250% im Jahresvergleich erhöht.
Das Smart-Vision® System des Unternehmens wurde auf mehr als 25 verschiedenen Modellen von Yutong-Bussen im Vereinigten Königreich, Europa, Nordamerika, Australien und dem Nahen Osten installiert. Das System ersetzt herkömmliche Spiegel durch hochauflösende Kameras und Innenanzeigen, wodurch blinde Flecken verringert und die Kosten für Busunfälle möglicherweise um 40% gesenkt werden können, so eine Studie der Genfer Verkehrsbetriebe. Gauzy fungiert als exklusiver ADAS-Lieferant für die von Yutong in die EU importierten Busse, die mit dieser Technologie ausgestattet sind.
- 250% year-over-year business growth with Yutong in Q3 2024
- Exclusive ADAS supplier for Yutong's EU-imported buses
- System implemented in 25+ different bus models across major markets
- Technology reduces bus accident costs by approximately 40%
- None.
Insights
The award from Yutong and 250% year-over-year business growth with the world's largest bus manufacturer represents a significant market validation for Gauzy's Smart-Vision® technology. The exclusive supplier status for ADAS in EU-bound Yutong buses creates a strong competitive moat. The system's proven ability to reduce accident-related costs by
Gauzy's Smart-Vision® CMS represents a significant technological advancement in commercial vehicle safety systems. The integration of high-definition cameras with interior displays effectively eliminates blind spots - a critical safety enhancement for large vehicles operating in urban environments. The system's proven performance across diverse geographical markets and vehicle configurations demonstrates robust engineering and adaptability. The technology's dual benefit of enhanced safety and operational cost reduction through improved aerodynamics and reduced maintenance represents a compelling technological solution that could become an industry standard for commercial vehicles.
Gauzy selected for its excellent performance in delivery and support of its Smart-Vision® Camera Monitor System (CMS) in the third quarter of 2024
Gauzy’s innovative safety system installed on more than 25 different models and configurations of Yutong buses throughout the United Kingdom, Europe, North America, Australia and the Middle East
TEL AVIV, Israel and NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Gauzy (NASDAQ: GAUZ), a leading provider of light and vision control technology, is thrilled to announce that its excellent performance in delivery and support of its Smart-Vision® Camera Monitor System (CMS) in the third quarter of 2024 earned it the Outstanding Supplier Award from Yutong, the world’s largest manufacturer of commercial buses. During the same quarter this award was received, Gauzy’s business with Yutong increased by
Eyal Peso, CEO of Gauzy, stated, “It’s an honor to be chosen by Yutong, one of the world’s most innovative and prestigious companies in commercial buses, as the recipient of its Outstanding Supplier Award. We are unwavering in our commitment to excellence and client service, and are appreciative that Yutong has recognized our efforts in this regard. We will continue to uphold these high standards as we continue to expand our business together.”
Gauzy is the dominant provider of ADAS for Yutong, with its system having already replaced rear-, front- and side-view mirrors on more than 25 different models and configurations of Yutong buses throughout the United Kingdom, Europe, North America, Australia and the Middle East. Gauzy and Yutong have been working together to improve road safety in some of the most active cities throughout these geographic regions by replacing mirrors on Yutong’s single and double-decker bus configurations with Gauzy’s Smart-Vision® CMS.
The Smart-Vision® system’s network of high-definition cameras and interior displays significantly improves visibility for drivers by eliminating blind spots, which can reduce the overall costs related to bus accidents by approximately
Peso continued, “Receiving Yutong’s Outstanding Supplier Award for our performance is a testament to the quality of our products, strength of our technology and relentlessness of our employees to go above and beyond for our customers. We are very proud of our strong and growing partnership with Yutong, and believe that this Award offers a strong endorsement of Gauzy that can help generate added interest in our vision control solutions from other leading mobility brands.”
Gauzy serves as the exclusive supplier of ADAS for all buses that Yutong imports to the European Union equipped with this technology.
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 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.
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.
IR and Media Contact Info
For Gauzy
Media:
Brittany Kleiman Swisa
Gauzy Ltd.
press@gauzy.com
Investors:
Dan Scott, ICR Inc.
ir@gauzy.com
FAQ
What was Gauzy's (GAUZ) business growth with Yutong in Q3 2024?
How many Yutong bus models feature Gauzy's Smart-Vision® system?
What cost reduction in bus accidents does Gauzy's Smart-Vision® system achieve?
In which regions are Yutong buses equipped with Gauzy's Smart-Vision® system?
What is Gauzy's supply relationship with Yutong for the European Union market?
