Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 18

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 18
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 potential
of interior settings.

In certain public spaces,
such as hospitals and hotels, the adoption of light control technologies in glass partitions is driven by the trend of replacing traditional
blinds, shades and curtains, which are difficult to clean and can be hotbeds for contamination. The COVID-19 pandemic has reinforced
the need to be able to quickly sanitize individual usage rooms while maintaining user privacy. As an added benefit, the use of glass
partitions in these settings is environmentally friendly by reducing the use of linen. The application of light control technologies
in glass partitions in these public settings can also upgrade the user experience. For example, a smart glass partition can automatically
provide for privacy when a bathroom light is turned on.

Our Light and Vision Control Products

LCG ®

Our LCG®technologies
include a variety of PDLC and SPD films, which are laminated into, or retrofitted onto, glass or other transparent materials by our trusted
partners worldwide. LCG®Film is defined as a smart glass interlayer with SPD or PDLC technology coated between two pieces
of PET sheets with conductive coating. We are a Tier 2 supplier of PDLC and SPD films which are available as rolls, cut-to-fit sheets
or in a prelaminated stack to best accommodate a partner’s process. We provide SPD or PDLC turn-key smart glass as a Tier 1 supplier
in the aeronautics industry, and select opportunities in railway, marine and agricultural/construction vehicles.

A roll is defined as a continuous
film wrapped on a core in varying lengths and widths depending on product type. These varying widths, including 1.3, 1.5 and 1.8 meters
wide, are designed to optimize a partner’s yield, reducing wasted material and increasing bottom line. A cut-to-fit sheet is a
PDLC or SPD film that is cut to a custom size and comes either with or without applied busbars according to a customer’s unique
specifications. A prelaminated stack is a PDLC or SPD film that is encapsulated in an adhesive interlayer with complete electric preparation
for a fully lamination-ready product without pre- or post-process requirements. Turn-key smart glass is a complete window or partition
with laminated PDLC or SPD technology that simply requires installation.

Both PDLC and SPD films are
available with invisible laser-etched patterning which creates segments in films for zoned light control. Patterning capabilities include
linear, curved