Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, has signed an agreement for a paid proof of concept (“POC”) project with Xi’an Jiaotong-Liverpool University (“XJTLU”), China’s largest Sino-foreign cooperative university. According to the announcement, the two entities will be collaborating on a project to install and integrate Foresight’s QuadSight(R) technology into Higer Bus Company Limited autonomous buses; QuadSight is a multisensor 3D-perception fusion technology. Higer Bus Company, commonly known as Suzhou Jinlong, operates in more than 130 countries and regions worldwide. “Our collaboration with XJTLU and Higer represents a unique opportunity to accelerate the development of autonomous bus technology for both European and Asian markets, addressing critical safety and performance challenges in public transportation,” said Foresight Asia CEO Oren Bar-On in the press release. “By combining Foresight’s advanced perception technology with their respective strengths in academia and automotive manufacturing, we aim to develop safe and reliable autonomous bus solutions that can adapt to the unique challenges of both European and Asian urban environments.”
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About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings is a technology company developing smart multispectral vision software solutions and cellular-based applications. Through the company’s wholly owned subsidiaries — Foresight Automotive Ltd., Foresight Changzhou 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 vision solutions include modules of automatic calibration and dense three-dimensional (“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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