Independent equity research firm JGR Capital this morning announced that it has initiated coverage on Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems. Among other highlights, JGR noted that the company is operating in a rewarding market, as the demand for Advanced Driver Assistance System (“ADAS”) is anticipated to increase over the next decade. Also cited in the report were Foresight’s efforts to diversify by seeking international opportunities and leveraging its opportunities within the rail industry, as well as its ability to rapidly develop automotive vision solutions for ADAS and semi/fully autonomous vehicles.
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Foresight Autonomous is an Israel-based automotive technology company engaged in the design, development, and commercialization of stereo/quad-camera vision systems based on three-dimensional (3D) video analysis, advanced algorithms and artificial intelligence for image processing and sensor fusion. FRSX develops systems for accident prevention, which are designed to provide real-time information about a vehicle’s surroundings while in motion. The company targets two vertical markets, advanced driver assistance systems (“ADAS”) and autonomous/semi-autonomous vehicles, with its two key products of Eyes-On and QuadSight respectively. FRSX also develops and owns a cellular-based accident prevention system named Eye-Net. The company is headquartered in Ness Ziona, Israel. For more information, visit the company’s website at www.ForesightAuto.com.
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