- Foresight sets primary goal to sell prototype systems of QuadSight, its multi-spectral vision system for autonomous vehicles
- The company looks to establish mutual cooperation with key clients in automotive industry
- Foresight moves forward with plans to sell its Eyes-On automotive vision system to a leading Israeli vehicle importer
- Global autonomous vehicle market expected to reach $54.23 billion by 2026
While 2017 was the year of the electric vehicle, 2018 is slated to be the year of autonomy. Elon Musk predicted a fully autonomous Tesla (NASDAQ: TSLA) model by 2018, and General Motors Company (NYSE: GM) is slated to put its version of a fully autonomous car into production in 2019 (http://nnw.fm/8dcGM) (http://nnw.fm/S0kKL). The global autonomous vehicle market is expected to reach $54.23 billion by 2026 (http://nnw.fm/qh9F0). Well positioned to take advantage of the upcoming autonomous vehicle boom is Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), a technological innovator in automotive vision systems and driver assistance technology working to solve the complex nuances of autonomous driving.
Foresight creates products and solutions designed to drive the future of the semi- and fully-autonomous vehicle industry. The company was first conceptualized as a spin-off of major shareholder Magna B.S.P., an Israeli company that has provided innovative homeland security and…
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