Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., in collaboration with the municipality of Netanya and the National Road Safety Authority, successfully completed a controlled trial of its Eye-Net solution. Eye-Net is a cellular-based vehicle-to-everything (“V2X”) accident prevention solution designed to use smartphones and rely on existing cellular networks to provide pre-collision alerts in real time to pedestrians and vehicles. The purpose of the trial, conducted at a central intersection in Netanya, Israel’s seventh largest city, was to create a real-time, reliable communication channel between road users to protect vehicles and pedestrians from oncoming collisions, as well as test the Eye-Net application’s communication layer recently installed with the assistance of a leading Israeli cellular provider. “This trial with the municipality of Netanya and the National Road Safety Authority marks the first milestone in our long-term collaboration with the municipality,” Foresight CEO Haim Siboni stated in the news release. “The municipality of Netanya, which promotes the use of innovative technologies to reduce the number of road accidents in its vicinity, has expressed its willingness to take part in the national deployment and future business milestones of Eye-Net Mobile.”
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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 stereo/quad-camera vision systems and V2X cellular based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), 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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