Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this
morning announced an additional sale of a prototype of its QuadSight(TM)
four-camera vision system, which is targeted for the semi-autonomous and
autonomous vehicle market. A leading Japanese tier one automotive supplier
ordered the prototype system following its participation in a technological
roadshow that took place earlier this year, and revenue from the sale is
expected to total tens of thousands of dollars. “This order affirms the
importance of our technological roadshow strategy, which offers potential
strategic partners the chance to experience our QuadSight system in real time
and better understand its outstanding detection capabilities,” Foresight CEO
Haim Siboni said in the news release. “I am confident that the successful
roadshow in Japan will generate additional orders of prototype systems from
vehicle manufacturers and tier one suppliers in the coming months.”
To view the full press release, visit http://ibn.fm/ZS6Xj
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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