Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its entry into a joint proof of concept (“POC”) project with the American division of a leading Japanese tier one supplier for the automotive industry. The project consists of technological evaluation and testing of predefined simulated and real-life scenarios and follows a successful evaluation of the QuadSight(R) vision system prototype reported by the company on March 19, 2021. “We are excited to see increased interest in our unique technology from the automotive industry, as more companies that have evaluated our QuadSight prototype system choose to proceed to POC projects with us. We believe that having been chosen by a leading tier one supplier of automotive stereo vision systems validates the added value of our stereoscopic technology to enhance existing advanced driver assistance systems (‘ADAS’) and amplify their performance, resulting in better distance accuracy and more robust active safety features,” said Haim Siboni, CEO of Foresight. “Our solution can be readily deployed in vehicles equipped with level 2 and level 2 plus autonomy systems, without requiring additional hardware and design changes. We believe that teaming up with the leading tier one supplier may potentially lead to further collaborations with vehicle manufacturers worldwide.”
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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 diverse markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision 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 about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.ForesightAuto.com.
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