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

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 25
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 shows accurate image details in areas of contrasting light
intensity and reduces image noise and natural colors. Additional Views features a screen divided into two views to show both sides of
a bus and comes with a sunshield to help reduce glare while the driver is operating the bus.

Other Commercial Vehicle Products

Currently, we manufacturer
a durable, customizable Driver Protection Door that is designed to offer the driver of a bus or commercial vehicle with enhanced safety
measures by providing either a complete or partial door between the driver and the passengers on the commercial vehicle. Our Driver Protection
Door has been installed on over 9,000 buses in the European Union, ensuring drivers are safe and protected from public passengers.

Additionally, our Opti-Shade
is designed for the interiors of buses to provide passengers with shade protection and offer bus operators a high-quality, durable and
low-maintenance shading system.

Research and Development

We devote substantial resources to research and
development with the objective of developing new products and technologies, adding new features to existing products and reducing unit
costs of our products. Our development strategy is to identify features and products for material, hardware and software that enhance
and improve the performance of our solutions for our customers. We measure the effectiveness of our research and development by metrics,
including product unit cost, efficiency, reliability, optical performance, customer adoption and customer surveys.

We have a strong research and development team
with wide-ranging experience in material science, nanotechnology, electronics, mechatronics, image analysis and software engineering.
As of March 1, 2025, our research and development organization had a headcount of 144 people. Our research and development expense totaled
$17.6 million and $16.0 million for the years ended December 31, 2024 and 2023, respectively.

Product Roadmap

Our products reflect the innovation
focus and capabilities of our technology departments. Our product roadmap is divided into four main categories: LC technologies, SPD
technologies, electrochromic technologies, and other electronics and ADAS.

LC Technologies

We intend to continue to develop
our PDLC and LC product portfolios to extend temperature ranges, improve optical ranges and enhance durability and reliability in order
to be relevant for more applications, in more end-markets, in different geographies and for different regulations. As an example, we
are developing an IR active control LC product that will be able to tune only the IR light through a transparent aperture such as a glass
window. This will enable a world of