Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) today
announced that its wholly owned subsidiary, Eye-Net Mobile Ltd.,
will conduct a large-scale trial of its Eye-Net(TM) cellular-based accident
prevention solution for the first time. The five-day trial is set to take place
in Israel from July 24th until July 29th, 2019. The trial represents a key
milestone for Eye-Net as it evolves from technology to product. Thousands of
users are anticipated to participate in the trial, which is open to the general
public and is limited to the first 30,000 enrolled participants. A trade-in
company of leading car importers in Israel, two leading global and local car
rental and leasing groups and an Israeli provider of towing and roadside
assistance services have all expressed their willingness to participate in the
trial. The Eye-Net(TM) application is available for download on Google Play and
the App Store.
To view the full press release, visit http://ibn.fm/ddDLU
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings, founded in 2015, is a
technology company engaged in the design, development and commercialization of
sensors systems for the automotive industry. Through the company’s wholly owned
subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight
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. Foresight is targeting the
semi-autonomous and autonomous vehicle markets and 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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