Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX),
an innovator in automotive vision systems, on Thursday released financial
results for the first quarter of 2020. According to the update, Foresight ended
Q1 of 2020 with $6.8 million in cash and short-term deposits. This amount
excludes aggregate gross proceeds of $8 million from previously announced
offerings that closed on April 30, 2020 and May 21, 2020. “Foresight achieved
several important milestones during the first quarter of 2020, beginning with
our newly established strategic collaboration with FLIR Systems, Inc. to
integrate our QuadSight(R) vision system with their leading thermal imaging
systems,” Foresight CEO Haim Siboni said in the news release. “This
collaboration will allow us to market and distribute the QuadSight system to
FLIR’s extensive global customer base.”
To view the full press release, visit http://ibn.fm/qn73P
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 about Foresight and its wholly owned
subsidiary, Foresight Automotive, visit 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
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment