Gauzy Ltd. Announces Purchases of Gauzy Shares by CEO, Other Senior Executives and Key Long-Term Investor
September 12 2024 - 6:00AM
Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the
“Company”), a global leader in vision and light control
solutions, today announced Eyal Peso, Co-Founder and Chief
Executive Officer; Adrian Lofer, Co-Founder and Chief Technology
Officer; Meir Peleg, Chief Financial Officer; and pre-IPO Gauzy
Board member and long-term investor Alejandro Weinstein have
acquired an aggregate of 48,472 Gauzy ordinary shares. The
purchases, made at an average price of $10.35/share, for a total
investment of $501,400, were made through open market purchases
during the months of August and September 2024.
“This investment by core current and former leaders of Gauzy
underscores our unwavering commitment and belief in our company’s
vision and potential,” Mr. Peso stated. “Our strong orderbook,
pipeline of exciting new technologies and expanding market presence
position us well for continued success. We are excited about our
future and the opportunity to increase our ownership stake in Gauzy
at attractive levels.”
About Gauzy
Gauzy Ltd. is a fully-integrated light and vision control
company, focused on the research, development, manufacturing, and
marketing of vision and light control technologies that are
developed 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.
Cautionary Statement Regarding 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. Further,
certain forward-looking statements are based on assumptions as to
future events that may not prove to be accurate. For a more
detailed description of the risks and uncertainties affecting the
Company, reference is made to 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. 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.
Contacts
Media:Brittany Kleiman SwisaGauzy Ltd.press@gauzy.com
Investors:Dan Scott, ICR Inc.ir@gauzy.com
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