- Foresight becomes largest shareholder in Rail Vision Ltd.
- Chinese company purchases prototype of Foresight’s breakthrough quad-camera vision system
- Foresight strengthens position as leader in providing vision solutions
A leading innovator in automotive vision systems and driver assistance technology, Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) has become the largest shareholder of Rail Vision Ltd. To reach this status, Foresight exercised $2.24 million of warrants, raising its ownership stake to approximately 35 percent of issued and outstanding shares and 34 percent on a fully diluted basis.
Focused on revolutionizing the rail industry with obstacle detection solutions, advanced imaging and deep-learning technologies, Rail Vision, in December 2017, successfully completed a trial of its unique vision-based system. The trial, conducted in…
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