Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced its successful completion of a series of technological demonstrations of its QuadSight vision system in France. Per the update, the demonstrations for four leading vehicle manufacturers (“OEMs”) and Tier One suppliers follow a successful technological roadshow in Japan with six additional OEMs and Tier One suppliers, several expressing interest in purchasing the QuadSight prototype system for further evaluation. “I am fully confident in the strength of our product and the growth potential of our company,” Foresight CEO Haim Siboni said in the news release. “In recent months, we received valuable market information which has enabled us to tailor our product to market needs and requirements. Additionally, we are pursuing strategic sales and distribution relationships which will allow us to deploy our technology and expand on a larger scale.”
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About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd., founded in 2015, is a technology company engaged in the design, development and commercialization of sensor systems for the automotive industry. Through its wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., the company 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 and are targeting the semi-autonomous and autonomous vehicle markets. The company 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.
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