feat: Add TruncatedText component

[avinashbot]

Description

Related links, issue #, if available: n/a

How has this been tested?

Review checklist

The following items are to be evaluated by the author(s) and the reviewer(s).

Correctness

• Changes include appropriate documentation updates.
• Changes are backward-compatible if not indicated, see CONTRIBUTING.md.
• Changes do not include unsupported browser features, see CONTRIBUTING.md.
• Changes were manually tested for accessibility, see accessibility guidelines.

Security

• If the code handles URLs: all URLs are validated through the checkSafeUrl function.

Testing

• Changes are covered with new/existing unit tests?
• Changes are covered with new/existing integration tests?

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[codecov]

Codecov Report

✅ All modified and coverable lines are covered by tests.
✅ Project coverage is 97.43%. Comparing base (ff4e6e2) to head (275de6a).
⚠️ Report is 1 commits behind head on main.

Additional details and impacted files

@@           Coverage Diff           @@
##             main    #4543   +/-   ##
=======================================
  Coverage   97.42%   97.43%           
=======================================
  Files         939      942    +3     
  Lines       29645    29685   +40     
  Branches    10772    10782   +10     
=======================================
+ Hits        28883    28923   +40     
- Misses        715      755   +40     
+ Partials       47        7   -40     

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