Automotive technology innovator Foresight
Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced
its completion of a series of successful technological demonstrations of its
QuadSight vision system. The demonstrations were performed for two leading
German vehicle manufacturers (“OEMs”), two leading German Tier One suppliers,
one leading French Tier One Supplier and one leading German defense OEM.
Through the real-time demonstrations, potential customers were provided the
opportunity to experience the company’s unique solution firsthand and follow
similar technological demonstrations that were recently carried out in Japan,
France and the United States.
To view the full press release, visit http://ibn.fm/8KwY9
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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