Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this
morning announced that its wholly owned subsidiary, Eye-Net Mobile Ltd.,
completed a successful controlled-environment trial of its Eye-Net(TM)
cellular-based accident prevention solution for a leading vehicle manufacturer.
According to the update, the trial, which was conducted in a designated test
track, was designed to demonstrate Eye-Net’s advanced capabilities to protect
vehicles and vulnerable road users from oncoming collisions, test the system’s
robustness and performance, and discuss possible suitability of the Eye-Net
solution for the leading vehicle manufacturer’s connected car platforms.
To view the full press release, visit http://ibn.fm/yBmAZ
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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