Automotive technology company Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has secured an additional sale of a prototype of its breakthrough QuadSight™ quad-camera vision system. The truck division of one of Europe’s largest vehicle manufacturers ordered the stereoscopic technology system, marking the second sale of QuadSight™ prototype to a leading European original equipment manufacturer (“OEM”). Revenue from the sale is anticipated to total tens of thousands of dollars. “This is the third order from different automotive manufacturers Foresight has received over the last 3 months, showing the industry’s interest in the company’s revolutionary technology,” Foresight CEO Haim Siboni stated in the news release. “In addition, it proves that the industry has a strong need for an all-weather and lighting conditions vision system for semi and fully autonomous vehicles.”
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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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