Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, and its wholly owned subsidiary Eye-Net Mobile Ltd. has commenced a pilot project with a leading European cellular service provider. The project is designed to test and evaluate the company’s software development kit (“SDK”) configuration; the project will also study the performance of the Eye-Net Protect cellular-based vehicle-to-everything (“V2X”) accident-prevention solution. In addition, the company plans to demonstrate the software to its business partners. According to the announcement, if the evaluation is successful, the European service provider may even offer the Eye-Net solution to its customers. “We believe this pilot project indicates a growing interest from cellular companies in Eye-Net’s innovative technology, as another European cellular service provider has chosen to evaluate and conduct technological demonstrations of our solution in order to offer it as a use case for 5G cellular networks,” said Eye-Net Mobile COO and deputy CEO Dror Elbaz in the press release. “Our hope is that this pilot will serve as a springboard for offering our solution to smart cities throughout Europe and eventually globally, improving the probability of preventing accidents and saving lives.”
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About Foresight Autonomous Holdings Ltd.
Foresight is a technology company developing smart multispectral vision software solutions and cellular-based applications. 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 accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time, precollision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information, visit the company’s website at www.ForesightAuto.com.
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