Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 10

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 10
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 to deliver our technologies quickly and efficiently around
the world. As a result, the typical customer contract length is 15 to over 30 years for customers in our aeronautics segment, approximately
eight years for customers in our automotive segment and five to ten years for customers in our safety tech segment. We operate production
facilities in Israel, France, Germany and the United States, with sales, marketing and fulfilment centers in 15 locations throughout
the globe. We sell our products in over 60 countries through both direct fulfilment and a network of over 100 expertly trained and certified
distribution channels.

We serve a broad range of
end-markets and geographies, enabling us to benefit from a diversified base of revenues. In 2024, we generated approximately 28.3% of
our revenues in the United States, 29.0% in Europe (excluding France), 25.6% in France, 1.3% in Israel, and 11.8% in Asia, with the remaining
4.0% generated in other countries across the world. In the same period, we generated approximately 40.0% of our revenues in the aerospace
market, 44.1% in safety tech and commercial vehicle market, 12.7% in the architectural market and 3.2% in the automotive market. We also
enjoy a diverse customer base, with no single customer representing more than 9.3% of our revenue for the year ended December 31, 2024.

Industry Overview and Market Potential

We operate in the light and
vision control markets, and the history of our company’s involvement in these markets is linked by a common focus on controlling
user interaction and experience with everyday environments, specifically within mobility and architectural applications. As an example,
our dimmable smart glass technologies are used to control both the amount and type of light passing through automotive rooftops. This
enables an enhanced and customized mobility experience for both drivers and passengers. Similarly, our innovative CMS technology builds
on our foundation of advanced mirror expertise, a form of light control, and enables a safer and more comfortable driver experience.

Light Control

Advanced light control technologies
are transforming many industries, including architectural and mobility markets, by replacing traditional mechanical products such as
standard glass windows and sun visors with smart glass solutions. These technologies create countless user benefits, including a reduction
in carbon emissions and improved public safety. By actively controlling the light that is transmitted through