Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX),
an innovator in automotive vision systems, today announced the sale of an
additional prototype of its QuadSight(R) four-camera vision system designed for
the semi-autonomous and autonomous vehicle market. According to the update, one
of the top global vehicle manufacturers, a multi-billion dollar Japanese
company, ordered the prototype system, requesting rapid delivery due to an
existing market need. The Japanese vehicle manufacturer participated in live
technological demonstrations consisting of testing the QuadSight system in
different predefined scenarios on the customer’s premises at the end of January
2020. The prototype sale validates the importance of Foresight’s strategy to
perform live QuadSight system demonstrations, allowing potential strategic
partners the opportunity to experience the system in real time and gain a
better understanding of its outstanding detection capabilities.
To view the full press release, visit http://ibn.fm/LwDSq
About Foresight
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX),
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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