Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX),
an innovator in automotive vision systems, today announced its entry into an
agreement with FLIR Systems Inc. (NASDAQ: FLIR), the world’s largest and
leading commercial company specializing in the design and production of thermal
imaging cameras, components and sensors. Under the agreement, the parties will
establish a strategic cooperation plan for the development, marketing and
distribution of Foresight’s QuadSight(R) vision system, combined with FLIR
Systems’ infrared cameras, to a wide range of prospective customers. Foresight
will exclusively purchase its thermal cameras from FLIR for all systems to be
commercialized worldwide as part of the agreement. “We are seeing a clear and
growing global demand for our technology,” Foresight CEO Haim Siboni said in
the news release. “This collaboration agreement will offer us the ability to
work directly with OEMs and open new opportunities for our technology. FLIR
Systems’ established technology, market position, and reputation will serve to
advance the QuadSight system throughout the world.”
To view the full press release, visit http://ibn.fm/V6Ut7
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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