Gauzy shares are trading higher after the company announced its advanced driver assistance system (ADAS) will fully replace the traditional side mirrors for the buses of the Capital District Transportation Authority of New York. The company estimates cumulative revenue for its commercial camera monitor system (CMS) ADAS will surpass $100 million by the end of 2025.
Portfolio Pulse from Benzinga Newsdesk
Gauzy's shares rise as its ADAS technology is set to replace traditional side mirrors on New York's Capital District Transportation Authority buses, with projected revenues exceeding $100 million by 2025.
October 10, 2024 | 7:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Gauzy's advanced driver assistance system (ADAS) will replace traditional side mirrors on buses for New York's Capital District Transportation Authority, with expected revenues over $100 million by 2025.
The announcement of Gauzy's ADAS replacing traditional mirrors on NY buses is a significant product development, likely boosting investor confidence and driving share prices up. The projected revenue of over $100 million by 2025 further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100