Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this
morning announced its successful completion of a series of technological
demonstrations of its QuadSight vision system in France. Per the update, the
demonstrations for four leading vehicle manufacturers (“OEMs”) and Tier One
suppliers follow a successful technological roadshow in Japan with six additional
OEMs and Tier One suppliers, several expressing interest in purchasing the
QuadSight prototype system for further evaluation. “I am fully confident in the
strength of our product and the growth potential of our company,” Foresight CEO
Haim Siboni said in the news release. “In recent months, we received valuable
market information which has enabled us to tailor our product to market needs
and requirements. Additionally, we are pursuing strategic sales and
distribution relationships which will allow us to deploy our technology and
expand on a larger scale.”
To view the full press release, visit http://ibn.fm/bLmBG
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
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