Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 39

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 39
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and Safety Tech SAS, which is incorporated in France. Safety Tech SAS wholly owns Vision Systems Canada, which is incorporated in Canada.

The following diagram depicts our corporate structure,
including ownership and voting control of each entity:

D. Property, Plant and Equipment

We are headquartered in Tel
Aviv, Israel, where we occupy two sites, of approximately 3,178 square meters (or approximately 34,207 square feet) of total space, which
operate as both office space as well as a manufacturing, research and development facility. We lease our headquarters under agreements
with three separate lessors. The lease agreements with two of the lessors are set to expire in October 2025 and December 2025 and the
agreements with the third lessor is set to expire in August and October 2027. We lease an additional 15 office spaces around the world,
including in the United States, Germany, France, China, Dubai, Singapore, South Korea and Canada. In addition, we have four manufacturing
sites, which are located in Israel, Germany, France and the United States.

In 2022, we expanded our state-of-the-art
LC material synthesis facility in Tel Aviv, Israel, which we estimate can now produce LC films for approximately 180,000 square meters
of material annually, and we currently have plans to build a new line in this facility. Additionally, we believe our custom 11,000 square
meter production facility, strategically located near Stuttgart, Germany, is capable of producing SPD film for approximately 600,000
square meters of material annually for the automotive and architecture industries. We currently estimate that we utilize approximately
25% of our PDLC production capacity in our Tel Aviv facility and approximately five to ten percent of our SPD production capacity in
our Stuttgart facility, leaving ample room to grow production with minimal additional capital investment. In addition, our ADAS capabilities
are supported by our facility in Lyon, France, which we estimate has a current annual production capacity of approximately 10,000 CMS
units, and we plan to expand our annual production capacity in that facility to approximately 100,000 - 125,000 CMS units. We also
leverage our 11,000 square meter fulfillment center in Melbourne, Florida as a final assembly site for our aeronautics products.

We further intend to expand
our global facilities or add new office space as we add employees and enter new geographic markets, and we believe that suitable additional
or alternative space will be available as needed