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 that targets the semi-autonomous and autonomous
vehicle market. According to the update, the American subsidiary of a leading
global Tier One automotive supplier ordered the prototype system, and revenue
from the sale is expected to total in the tens of thousands. As reported by the
company, the American supplier participated in a technological roadshow that
took place at the beginning of July in the Silicon Valley area. The roadshow
consisted of live, real-time demonstrations and testing of different scenarios
simulating obstacle detection in challenging weather and lighting conditions of
the QuadSight system to vehicle manufacturers and Tier One suppliers. Following
initial installation, customer satisfaction may lead to additional QuadSight
system orders by the American supplier, to be integrated into cars of leading
vehicle manufacturers.
To view the full press release, visit http://ibn.fm/TCOPk
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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