Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced the sale of an additional prototype of its QuadSight(R) four-camera vision system designed for the semi-autonomous and autonomous vehicle market. According to the update, one of the top global vehicle manufacturers, a multi-billion dollar Japanese company, ordered the prototype system, requesting rapid delivery due to an existing market need. The Japanese vehicle manufacturer participated in live technological demonstrations consisting of testing the QuadSight system in different predefined scenarios on the customer’s premises at the end of January 2020. The prototype sale validates the importance of Foresight’s strategy to perform live QuadSight system demonstrations, allowing potential strategic partners the opportunity to experience the system in real time and gain a better understanding of its outstanding detection capabilities.
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About Foresight
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight 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. Foresight is targeting the semi-autonomous and autonomous vehicle markets and 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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