Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that Eye-Net Mobile Ltd., its wholly owned subsidiary, was named a finalist in the Best Mobile Innovation for Automotive category in the GSMA’s 2020 Global Mobile (“GLOMO”) Awards. The prestigious awards recognize pioneering individuals, teams, organizations and partnerships in the connected world. The GLOMO Awards ceremony is scheduled to take place at MWC Barcelona on Tuesday, February 25, 2020. “It is a great honor for Eye-Net Mobile to be included among the impressive list of GLOMO Awards finalists,” Foresight CEO Haim Siboni said in the news release. “This prestigious recognition from the GLOMO Awards validates Eye-Net Mobile’s innovation and important role in developing a life-saving accident prevention solution that will redefine the future of cellular-based V2X communication.”
To view the full press release, visit http://ibn.fm/xB8xQ
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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