Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX),
an automotive technology innovator, this morning announced the signing of a
distribution agreement with Cornes Technologies, a leading Japanese trading
house. Per the update, Cornes Technologies will have exclusive rights to
promote and distribute Foresight’s QuadSight(TM) system in the Japanese market.
Prior to the signing of this agreement, Foresight conducted real time live
demonstrations of the QuadSight system at a technology roadshow in Japan with
the assistance of Cornes Technologies. The excellent performance of the
QuadSight system was well received at the roadshow, resulting in quite a few
OEMs and Tier One suppliers expressing interest in obtaining prototype systems.
“The Japanese automotive industry is one of the most prominent and innovative
industries in the world, making it a suitable target market for Foresight’s
breakthrough QuadSight vision system,” Foresight VP of Business Development Doron
Cohadier stated in the news release.
To view the full press release, visit http://ibn.fm/ZHlZu
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd., founded in 2015, is a
technology company engaged in the design, development and commercialization of
sensor systems for the automotive industry. Through its wholly owned
subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., the company
develops both “in-line-of-sight” vision systems and “beyond-line-of-sight”
cellular-based applications. Foresight’s vision sensor is a four-camera system
based on 3D video analysis, advanced algorithms for image processing, and
sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything)
accident prevention solution based on real-time spatial analysis of clients’
movement. The company’s systems are designed to improve driving safety by
enabling highly accurate and reliable threat detection while ensuring the lowest
rates of false alerts and are targeting the semi-autonomous and autonomous
vehicle markets. The company predicts that its systems will revolutionize
automotive safety by providing an automotive-grade, cost-effective platform and
advanced technology. For more information, visit the company’s website at www.ForesightAuto.com.
NOTE TO INVESTORS: The latest news and updates
relating to FRSX are available in the company’s newsroom at http://ibn.fm/FRSX
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment