Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 14

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 14
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 adjustable and the SPD itself has a very wide dynamic range (i. e., SPD can block up to 99% of the total light transmission
in an ‘off’ state). A continuous electrical current is required in order to maintain a desired transparency. SPD can be applied
on a variety of surfaces including glass and other substrates such as polycarbonate. It is particularly suited in applications where
there is a need for gradual light control, near to total black out shading and fail-to-dark functionality.

Electrochromic (EC) Technologies

Electrochromic, or EC, technology
is an active light control technology that consists of a flat glass coat that includes multiple layers of metal oxide. The coated glass
is fabricated into an insulated glass unit, or IGU, which can be tinted or cleared through the application of an electrical current.
EC is used in flat glass applications, such as aircraft windows and commercial buildings.

Vision Control

Advanced vision control technologies,
such ADAS, including CMS, are revolutionizing the commercial vehicle market by optimizing visibility to enhance the driver experience
and improve safety. By monitoring and analyzing the spaces around trucks, buses and coaches, advanced vision control technologies eliminate
blind spots and glare to offer a wider field of vision than a traditional side-view and rear-view mirror system and provide clearer images
of external conditions. When advanced vision control technologies are installed as original equipment or retrofitted onto existing commercial
vehicles, potential driving hazards, accidents and injuries are reduced by creating a safer environment for both the operator and other
road users.

Current trends in the commercial
and public transportation markets increasingly favor the adoption of advanced safety features and driver assistance technologies. This
trend is being supported by operators’ desire to reduce costs and improve the driver experience, as well as the accelerating adoption
of regulatory frameworks to enhance public safety in the European Union and United States. The growing trend of electrification of commercial
vehicles is also increasing the demand for compact camera-based vision systems. Due to the increased cost of a commercial electric vehicle,
operators have a strong incentive to utilize camera-based vision systems and other driver assistance technologies to protect their fleets,
reduce vehicle downtime and improve safety.

The push for safer commercial
transportation is driving manufacturers to integrate new, advanced technologies into their vehicle development pipelines in order to
deliver improved safety features that are only possible with CMS and ADAS technologies. For instance, the European Union is mandating
new regulations that require buses, coaches and trucks to incorporate ADAS technologies and warning systems to