Foresight
Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), an innovator in
automotive vision systems, today announced that its wholly owned subsidiary,
Eye-Net Mobile Ltd., will present the software development kit (“SDK”)
configuration of its Eye-Net Protect accident prevention solution for the first
time at CES 2020 in booth #1307. The event is slated to be held at the Westgate
Las Vegas from January 7–10, 2020. “Following 3 years of intense development
activities, the completion of an SDK configuration marks a significant
milestone for Eye-Net Mobile,” Dror Elbaz, COO & deputy CEO of Eye-Net
Mobile, said in the news release. “The current configuration will enable rapid
market penetration, providing a life-saving accident prevention solution that
is readily available for deployment and redefining the future of cellular-based
V2X communication. At a time where V2X hardware-based solutions are marked by
stagnation caused by regulation and certification challenges, Eye-Net Protect
serves as a significant leap towards the connected road users’ era.”
To view the full press release, visit http://ibn.fm/a3qhh
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd., 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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