Gauzy Ltd Advances Bus Safety with New Mirror Replacement Technology

Gauzy Ltd (NASDAQ:GAUZ), known for its light and vision control technology solutions, has partnered with the Capital District Transportation Authority (CDTA) in New York to fully replace traditional side mirrors with its advanced driver assistance system (ADAS).

This deployment of Gauzy's Smart-Vision camera monitor system (CMS), introduced at a special ceremony on October 3, marks a significant step in CDTA's multi-year initiative to enhance road safety.

The Smart-Vision CMS, known as the Luminator Video Mirror in North America, is distributed exclusively by Luminator Technology Group for public transit agencies.

Gauzy attributes its market share expansion to the increasing interest in ADAS from transportation officials across North America, Europe, Asia, and Australia, who are accelerating regulatory approvals for its use in buses and coaches.

Eyal Peso, Co-Founder and CEO of Gauzy, stated, "CDTA’s decision to replace side mirrors in its buses with our Smart-Vision CMS demonstrates the technology’s effectiveness and superiority over other drivers' assistance systems."

With the global mass transit bus market projected to grow at a CAGR of 8.1% from 2023 to 2032, reaching over $936 billion, Gauzy expects a steady increase in orders for the Smart-Vision system.

The company believes this represents a significant opportunity to strengthen its sales pipeline and market presence in commercial vehicle CMS/ADAS across four geographic regions.

Gauzy anticipates that cumulative sales for its commercial vehicle CMS/ADAS will surpass $100 million by the end of 2025.

Smart-Vision CMS caters to both 40- and 60-foot buses, replacing conventional mirrors with aerodynamic cameras and interior displays, enhancing driver awareness and reducing collision risks.