Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, has received a notice of allowance from the Chinese Patent Office for the patent it filed for its proprietary running vehicle alerting system and method; the same patent received approval from the U.S. Patent and Trademark Office in April 2019. According to the company, the patented technology involves a running vehicle alerting system that is designed to detect traffic lights or traffic signs. When the system detects these devices, it produces a collision-avoiding signal if the distance to these lights or signs is less than a safe braking distance. The system works by combining passive forwardly directed optical sensors along with analytics of images of traffic lights and signs; the system also analyzes the location data of each vehicle. This information is transmitted to a remote server via cellular communication. That data creates alerts warning of possible collisions; those alerts are transmitted from the server to the smartphone of the drivers of the vehicle. This patent includes features of Foresight’s QuadSight(R) automotive vision system along with Eye-Net Mobile’s cellular-based V2X accident prevention solution. According to the announcement, the patent will allow Foresight to provide collision alerts designed reduce potential accidents.
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About Foresight Autonomous Holdings Ltd.
Founded in 2015, Foresight 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’ movements. 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 Advanced Driver Assistance Systems (“ADAS”) 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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