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The highly advanced Smart-Vision^® system continues to grow in popularity with OEMs because it offers numerous economical, safety and climate-friendly benefits that traditional mirror systems do not. As such, OEMs continue retrofitting their existing fleets with ADAS technology like Smart-Vision^® and incorporating it into the design of new models at an escalating pace. That is a large reason why the commercial-vehicle ADAS market is expected to reach more than $43 billion by 2030, according to Research and Markets. Replacing traditional mirrors with Smart-Vision^® on trucks and buses provides multiple safety enhancements, including reduced human error, fewer blind spots, improved night vision, and enhanced detection of obstacles and pedestrians. The system also delivers operational benefits through better fuel efficiency, lower maintenance costs and increased productivity.

Peso added, “Despite the tremendous advancements we have already made in ADAS, we are still at the beginning of the AI-ification of vision control. We will continue to innovate and improve the quality of our products, to retain our competitive edge and produce for our shareholders. We are energized by the strong demand for our Smart-Vision^® CMS and believe that we are well-positioned to capitalize on the renewed emphasis on safety in urban and intercity transport.”

Among the biggest differentiators of Gauzy’s Smart-Vision^® system with Ambarella’s CVflow AI SoCs is its high-performance image processing capabilities. This is required for lowering the amount of latency experienced and for activating vulnerable road user (VRU) detection, object classification, data recording and video streaming. Additionally, Ambarella’s CVflow AI SoC architecture enables Gauzy’s development teams to fine-tune various parameters, resulting in superior image quality and highly accurate color and contrast representation, which is essential for minimizing driver fatigue.

“Our partnership with Gauzy demonstrates the power of what’s possible when two forward-thinking organizations with similar values work together to tackle industry challenges,” commented Fermi Wang, President and CEO of Ambarella. “We were motivated to help Gauzy and its OEM customers address the millions of road traffic fatalities that are estimated to occur each year, and we believe the Smart-Vision^® CMS, with our CVflow AI SoCs, has the potential to drive this number lower. There is universal support for making our roadways safer, and we are pleased to help play a role in this effort through the application of our technology.”

The Smart-Vision^® CMS has passed strict homologations and certifications for safety, including United Nation (UN) R46, UN R10, UN R118 and UN R151, as well as stringent cybersecurity Automotive Spice standards set by OEMs, including UN R155 and UN R156.

About Gauzy
Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of smart glass technologies and advanced driver assistance systems (ADAS) to support safe, sustainable, comfortable, and agile user experiences across various industries. Headquartered in Tel Aviv, Israel, the company has additional subsidiaries and entities based in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates. Gauzy serves leading brands across aeronautics, automotive, and architecture in over 30 countries through direct fulfillment and a certified and trained distribution channel and partner network.

About Ambarella
Ambarella’s products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more information, please visit www.ambarella.com.

Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Gauzy’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements reflect Gauzy’s current views, plans, or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive, and other risks, uncertainties, and contingencies. Forward-looking statements are based on Gauzy’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict including, without limitation, the following: Gauzy invests significant effort and capital seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, mainly in the aeronautics and automobile markets, and there can be no assurance that it will win production models, which could adversely affect its future business, results of operations and financial condition; failure to make competitive technological advances will put Gauzy at a disadvantage and may lead to a negative operational and financial outcome; Gauzy being an early growth-stage company with a history of losses and its anticipation that it expects to continue to incur significant losses for the foreseeable future; its operating results and financial condition have fluctuated in the past and may fluctuate in the future; it is exposed to high repair and replacement costs; it may not be able to accurately estimate the future supply and demand for its light and vision control products, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue; if it fails to accurately predict its manufacturing requirements, it could incur additional costs or experience delays; the estimates and forecasts of market opportunity and market growth it provides may prove to be inaccurate, and it cannot assure that its business will grow at similar rates, or at all; it may be unable to adequately control the capital expenditures and costs associated with its business and operations; it may need to raise additional capital before it can expect to become profitable from sales of its light and vision control products, which such additional capital may not be available on acceptable terms, or at all, and failure to obtain this necessary capital when needed may force it to delay, limit or terminate its product development efforts or other operations; shortages in supply, price increases or deviations in the quality of the raw materials used to manufacture its products could adversely affect its sales and operating results; its business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; it is subject to, and must remain in compliance with, numerous laws and governmental regulations across various countries concerning the manufacturing, use, distribution and sale of its light and vision control products, and some of its customers also require that it complies with other unique requirements relating to these matters; if it is unable to obtain, maintain and protect effective intellectual property rights for its products throughout the world, it may not be able to compete effectively in the markets in which it operates; the market price of its ordinary shares may be volatile or may decline steeply or suddenly regardless of its operating performance, and it may not be able to meet investor or analyst expectations; its indebtedness could adversely affect its ability to raise additional capital to fund operations, limit its ability to react to changes in the economy or its industry and prevent it from meeting its financial obligations; it has limited operating experience as a publicly traded company in the United States; conditions in Israel could materially and adversely affect its business; and any other risks and uncertainties, including, but not limited to, the risks and uncertainties in the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s prospectus (Registration No. 333-278675), dated June 5, 2024 and filed with the SEC. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by Gauzy or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Gauzy undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as otherwise required by law.

IR and Media Contact Info

For Gauzy:
Media – press@gauzy.com
Investors – ir@gauzy.com

For Ambarella:
Media – elawson@ambarella.com
Investors – lgerhardy@ambarella.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c285d741-bbe4-4cdf-a379-f10f53ce1123