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Foresight: Eye-Net to Showcase its Innovative V2X Collision Prevention Technology at CES 2026 in Las Vegas
Globenewswire· 2026-01-07 13:08
Core Viewpoint - Foresight Autonomous Holdings Ltd. announces its subsidiary Eye-Net Mobile Ltd. will showcase its V2X collision prevention technology at CES 2026, emphasizing its capability to protect vulnerable road users in connected and autonomous mobility [1][3]. Group 1: Technology Overview - Eye-Net's V2X collision prevention technology utilizes existing cellular infrastructure for real-time communication between vehicles and vulnerable road users, such as pedestrians and cyclists [2]. - The technology addresses a critical safety issue by providing early alerts for collisions that occur beyond the line-of-sight, enhancing the safety of both vehicles and vulnerable users [2][3]. Group 2: Company Mission and Market Position - Eye-Net aims to lead a global transformation in road safety by connecting all road users, regardless of their mode of transport, and claims to offer the only commercially available solution for beyond line-of-sight collision prevention [3]. - The technology serves as a "virtual sensor" that complements existing automotive safety systems, thereby providing an essential layer of safety for next-generation mobility and autonomous driving [3]. Group 3: Event Participation - Eye-Net will be featured in the Israel Pavilion at CES 2026, inviting visitors to engage with the team at booth 6559 from January 6-9, 2026 [3]. Group 4: Company Background - Foresight Autonomous Holdings Ltd. develops advanced 3D perception systems and cellular-based applications through its subsidiaries, focusing on both in-line-of-sight and beyond-line-of-sight accident prevention solutions [7][8]. - The company's technology is applicable across various markets, including automotive, defense, and agriculture, showcasing its versatility and potential for broad impact [8].
XPENG ($XPEV) | REE Automotive ($REE) | Fusion Fuel Green ($HTOO) | Foresight Autonomous (FRSX)
Youtube· 2025-12-29 13:57
Welcome to the Green Stock news brief for Monday, December 29th. Here are today's top headlines. Xping has had its fast drive model accepted to AAI 2026, a top tier AI conference with a 17% acceptance rate, introducing a new visual token pruning framework for end-to-end autonomous driving models.Inspired by human driving behavior, Fast Drive reduces computational load by focusing on essential visual information while filtering out irrelevant data, improving real-time performance. REI Automotive announced a ...
Foresight Selected by Car Manufacturer Audi AG to Showcase its Terrain Intelligence Technology
Globenewswire· 2025-12-29 13:12
Core Insights - Foresight Autonomous Holdings Ltd. has been invited by Audi AG to participate in the "Minds and Makers" startup event, focusing on potential collaboration opportunities in vehicle development [1][3] Group 1: Company Overview - Foresight is a technology company specializing in advanced 3D perception systems and cellular-based applications, with subsidiaries including Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd. [4] - The company develops both "in-line-of-sight" vision systems and "beyond-line-of-sight" accident-prevention solutions [4] Group 2: Technology and Solutions - Foresight's terrain intelligence solution offers real-time 3D analysis, providing accurate depth perception and road segmentation, and is effective in various conditions, including fog and darkness [2] - The company's 3D perception systems include automatic calibration modules and dense 3D point clouds applicable across multiple markets such as automotive, defense, and agriculture [5] Group 3: Collaboration with Audi - During the Audi event, Foresight conducted in-car demonstrations and engaged with Audi team members to discuss a potential proof-of-concept project for integrating its technology into Audi's vehicle development processes [3]
Foresight Expands Road Safety Product Outreach in South Korea with a Strategic Cooperation Agreement
Globenewswire· 2025-12-23 13:05
Core Insights - Foresight Autonomous Holdings Ltd. has entered a multi-phase strategic cooperation agreement with Zeda Korea Ltd. to develop AI-based collision reduction and road safety solutions [1][2] Group 1: Collaboration Details - The collaboration aims to design, develop, and commercialize advanced AI-based solutions for integration into Zeda Korea's vehicle fleet and broader road safety applications [2] - The project will utilize Foresight's dual stereoscopic camera systems, which combine visible-light and thermal infrared cameras to monitor road lanes and detect hazardous situations [3] Group 2: Technology and Benefits - The AI system enhances situational awareness by segmenting road boundaries and contours in real time, significantly reducing collision risks and unauthorized vehicle entry into restricted areas [3] - The technology provides added protection for road workers and drivers, particularly in harsh weather and low-visibility conditions [3] Group 3: Market Expansion - This collaboration supports Foresight's expansion in South Korea, building on previous project activities in Japan, and aims to accelerate commercialization and strengthen its regional footprint in road safety solutions [4] Group 4: About Zeda Korea - Zeda Korea is a leading manufacturer of special-purpose vehicles, specializing in advanced road safety and infrastructure maintenance vehicles, with a global engineering and sales network [5][6] - The company focuses on safety, durability, and customization, contributing to safer roads and efficient infrastructure worldwide [7] Group 5: About Foresight - Foresight develops smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, targeting various markets including automotive and defense [8][9]
Foresight: Eye-Net Receives $3 Million Investment Reflecting $55 Million Valuation
Globenewswire· 2025-12-04 12:50
Core Points - Foresight Autonomous Holdings Ltd. and its subsidiary Eye-Net Mobile Ltd. have secured a $3 million investment based on a pre-money valuation of $55 million for Eye-Net [1][2] - The investment represents approximately 5.17% of Eye-Net's ordinary shares, with antidilution protections for investors in case of a down round within a year, subject to a floor valuation of $30 million [2] - Foresight will issue Series A and Series C Warrants for American Depositary Shares (ADSs) at specified exercise prices, with a total of up to 2,751,152 ADSs available for purchase [3] Financial Details - The gross proceeds from the investment amount to $3 million before any deductions for fees and expenses [1] - The Series A Warrants have an exercise price of $0.02 per ADS, while the Series C Warrants have an exercise price of $2.7125 per ADS [3] - The exercise price of Series B Warrants has been repriced from $6.0375 to $2.7125 per ADS [3] Use of Proceeds - Eye-Net intends to utilize the net proceeds from this offering for working capital and general corporate purposes [4] Company Overview - Eye-Net develops advanced V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety through AI technology and real-time alerts [7] - Foresight Autonomous Holdings Ltd. focuses on developing 3D perception systems and cellular-based applications across various markets, including automotive and defense [9][10]
Foresight: Eye-Net Together with Renault Group and Orange Enter Large-Scale Live Public Transportation Safety Trial in France
Globenewswire· 2025-11-20 13:12
Core Viewpoint - The trial aims to demonstrate the real-world readiness of Eye-Net's collision-prevention platform, supporting the commercial adoption of its V2X technology [1][5] Group 1: Project Overview - Eye-Net Mobile Ltd., a subsidiary of Foresight Autonomous Holdings Ltd., has launched a smart mobility "Collision Prevention" project in Bordeaux, France, in collaboration with Renault Group, Orange S.A., and other participants [1] - The project is part of Eye-Net's ongoing collaboration with Software République to enhance smart mobility innovation and urban transportation efficiency in France [1] Group 2: Trial Details - The live trial follows a previous phase that achieved a 99% detection rate in real-world urban interactions, indicating strong performance in urban settings [2] - This phase focuses on large-scale integration of Eye-Net's V2X collision-prevention technology within public transportation environments [2] - The trial will utilize Orange's mobile app platform and Eye-Net's collision alert system, integrated into a beta version of the TBM Mobility App, facilitating real-time data exchange between buses and cyclists [3] Group 3: Objectives and Expectations - The trial will evaluate the performance and reliability of cooperative collision-prevention alerts, gather user feedback, and assess technical readiness and user acceptance for broader deployment [4] - The CEO of Eye-Net expressed that the large-scale live trial is expected to accelerate the commercial readiness of Eye-Net's V2X platform and assess its reliability and value for cities and mobility operators [5] Group 4: Company Background - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety and situational awareness for urban mobility [5] - The company leverages advanced AI technology and existing cellular networks to provide real-time pre-collision alerts to road users through smartphones and other smart devices [5]
Foresight Expands Global Reach Through Strategic Collaboration with Leading Chinese Stereo Solutions Manufacturer
Globenewswire· 2025-11-10 13:07
Core Insights - Foresight Autonomous Holdings Ltd. has entered a strategic commercial cooperation agreement with a leading Chinese manufacturer of AI-based stereo vision solutions to enhance its product offerings in developing markets [1][2][3] Group 1: Strategic Collaboration - The agreement allows Foresight to incorporate the manufacturer's 3D perception systems into its product portfolio for exclusive commercialization in India and South Korea, with plans for further global expansion [2][3] - The collaboration targets the advanced driver assistance systems (ADAS) aftermarket segment for commercial vehicles and aims to provide automotive-grade systems for passenger cars and logistics fleets [3] Group 2: Product Development and Market Focus - Foresight's 3D perception systems will integrate proprietary integrated circuits and stereo cameras, designed for reliable short- to medium-range perception capabilities at competitive prices [3] - The partnership will enable Foresight to offer a comprehensive range of safety and perception solutions across multiple automotive-grade systems at various performance tiers and price points [3] Group 3: Financial and Operational Aspects - A profit-sharing model has been established between Foresight and the Chinese manufacturer to ensure mutual benefits and long-term alignment of business interests [4] - Initial sales from this collaboration are anticipated to begin in 2026 [4]
Foresight and Thermal Camera Giant Guide Infrared Collaborate to Develop Cost-Effective Stereoscopic Cameras
Globenewswire· 2025-09-02 12:19
Core Viewpoint - Foresight Autonomous Holdings Ltd. has announced a strategic collaboration with Wuhan Xuanyuan Intelligent Driving Technology Co., Ltd. to develop cost-effective, automotive-grade stereoscopic thermal cameras aimed at enhancing safety and 3D perception in various driving conditions [1][2]. Group 1: Collaboration Details - The partnership combines XY IDrive's infrared thermal imaging technology with Foresight's 3D perception expertise to create high-performance thermal stereoscopic cameras [2]. - The cameras are designed to improve object detection and situational awareness in low-visibility and challenging weather conditions, where traditional sensors are often inadequate [2][4]. - The collaboration aims to accelerate adoption across multiple sectors, including automotive, industrial, logistics, drone, and agriculture markets by offering competitive pricing [2]. Group 2: Technical Specifications - The thermal cameras will feature a Gigabit Multimedia Serial Link (GMSL) interface for fast and reliable video transmission, simplifying integration across various markets [3]. - Compatibility with different NVIDIA ECU configurations will provide manufacturers with flexibility, potentially reducing development time and costs for OEMs and Tier One suppliers [3]. Group 3: Company Background - Foresight Autonomous Holdings Ltd. specializes in advanced 3D perception systems and cellular-based applications, with subsidiaries focused on both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [7][8]. - Wuhan Guide Infrared Co., Ltd. is a leading developer and manufacturer of infrared thermal imaging systems, with a market cap of approximately $7.5 billion as of August 28, 2025 [1][5].
Foresight: Continental and Eye-Net Collaborate to Enhance Road Safety Systems
Globenewswire· 2025-08-26 11:54
Core Insights - Foresight Autonomous Holdings Ltd. announced a proof of concept (POC) project with Continental AG's subsidiary co-pace to evaluate the integration of Eye-Net's V2X technology into Continental's vehicle platforms [1][2][3] Group 1: Project Overview - The POC project will be conducted in two phases: the first phase involves integrating Eye-Net's software development kit (SDK) into Continental's Telematics Control Unit (TCU), while the second phase will demonstrate the technology in real-world conditions using actual vehicles [2] - Both companies aim to finalize follow-on agreements by September 2025, contingent on the successful completion of the POC [2] Group 2: Strategic Importance - The collaboration reflects a shared commitment to innovation and addresses critical challenges in vehicle safety, enhancing Continental's V2X offerings [3] - Eye-Net's technology is positioned as a solution to current road safety challenges, indicating a growing recognition within the automotive industry of its potential [3] Group 3: Company Background - Eye-Net specializes in next-generation V2X collision prevention solutions, utilizing AI technology and existing cellular networks to provide real-time pre-collision alerts to road users [4] - Foresight Autonomous Holdings Ltd. develops advanced 3D perception systems and cellular-based applications through its subsidiaries, including Eye-Net [6][7]
Foresight(FRSX) - 2025 Q2 - Quarterly Report
2025-08-18 11:05
[Interim Condensed Consolidated Balance Sheets](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets, liabilities, and equity decreased, while issued shares significantly increased | Metric | June 30, 2025 (Unaudited, in thousands) | December 31, 2024 (Audited, in thousands) | | :-------------------------------- | :-------------------------- | :-------------------------- | | **ASSETS** | | | | Cash and cash equivalents | $6,342 | $7,082 | | Total current assets | $6,881 | $7,846 | | Total non-current assets | $1,668 | $1,899 | | **Total assets** | **$8,549** | **$9,745** | | **LIABILITIES AND SHAREHOLDERS' EQUITY** | | | | Total current liabilities | $1,710 | $1,743 | | Total liabilities | $2,924 | $3,015 | | Total equity | $5,625 | $6,730 | | Total liabilities and shareholders' equity | $8,549 | $9,745 | - Issued and outstanding shares increased from **508,710,696** as of December 31, 2024, to **712,203,276** as of June 30, 2025[5](index=5&type=chunk) [Interim Condensed Consolidated Statements of Comprehensive Loss](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) Net loss increased to **$6,095 thousand** for the six months ended June 30, 2025, primarily due to higher operating expenses | Metric (Six months ended June 30) | 2025 (Unaudited) | 2024 (Unaudited) | Change (YoY) | | :-------------------------------- | :--------------- | :--------------- | :----------- | | Revenues | $240 | $224 | +$16 | | Cost of revenues | $(84) | $(72) | -$(12) | | Gross profit | $156 | $152 | +$4 | | Operating expenses: | | | | | Research and development, net | $(4,426) | $(4,525) | +$99 | | Sales and marketing | $(629) | $(576) | -$(53) | | General and administrative | $(1,296) | $(1,161) | -$(135) | | Operating loss | $(6,195) | $(6,110) | -$(85) | | Financing income, net | $100 | $1,402 | -$(1,302) | | Net loss | $(6,095) | $(4,708) | -$(1,387) | | Basic and diluted net loss per share | $(0.01) | $(0.01) | $0.00 | - Weighted average number of shares outstanding used in computing basic and diluted net loss per share increased from **459,778,056** in 2024 to **574,685,928** in 2025 for the six-month period[8](index=8&type=chunk) [Interim Condensed Consolidated Statements of Changes in Shareholders' Equity](index=5&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity) Total shareholders' equity decreased to **$5,625 thousand** by June 30, 2025, primarily due to net loss | Metric | Balance as of Dec 31, 2024 | Changes (Jan 1 - Jun 30, 2025) | Balance as of Jun 30, 2025 (Unaudited) | | :-------------------------------- | :------------------------- | :----------------------------- | :------------------------------------- | | Ordinary Shares (Number) | 508,710,696 | +203,492,580 | 712,203,276 | | Additional paid-in-capital | $137,094 | +$5,961 | $142,984 | | Accumulated deficit | $(131,028) | -$(6,025) | $(137,053) | | Total Foresight Autonomous Holdings Ltd. shareholders' equity | $6,066 | -$(135) | $5,931 | | Non-controlling interest | $664 | -$(970) | $(306) | | **Total equity** | **$6,730** | **-$(1,105)** | **$5,625** | - Issuance of ordinary shares, net of costs, contributed **$1,870 thousand** in 2025[11](index=11&type=chunk) - Issuance of warrants, net of costs, contributed **$2,130 thousand** in 2025[11](index=11&type=chunk) [Interim Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash outflow of **$5,373 thousand** was partially offset by **$4,482 thousand** from financing activities | Cash Flow Activity (Six months ended June 30) | 2025 (Unaudited, in thousands) | 2024 (Unaudited, in thousands) | Change (YoY, in thousands) | | :------------------------------------------ | :--------------- | :--------------- | :----------- | | Net loss for the period | $(6,095) | $(4,708) | -$(1,387) | | Total net cash used in operating activities | $(5,373) | $(5,125) | -$(248) | | Total net cash provided (used) in investing activities | $(4) | $1,815 | -$(1,819) | | Total net cash provided by (used in) financing activities | $4,482 | $(98) | +$4,580 | | Decrease in cash, cash equivalents and restricted cash | $(790) | $(3,670) | +$2,880 | | Cash, cash equivalents and restricted cash at the end of the period | $6,392 | $12,064 | -$(5,672) | - Cash provided by financing activities in 2025 was primarily from the issuance of ordinary shares and warrants, net of issuance expenses, totaling **$4,482 thousand**[15](index=15&type=chunk) - Investing activities in 2024 included **$1,847 thousand** from sales of marketable securities, which was not present in 2025[15](index=15&type=chunk) [Notes to Interim Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Interim%20Condensed%20Consolidated%20Financial%20Statements) [NOTE 1 - GENERAL](index=8&type=section&id=NOTE%201%20-%20GENERAL) Foresight Autonomous Holdings Ltd. develops vision software and pre-collision alerts, facing 'going concern' doubts from operating losses [A. Reporting Entity](index=8&type=section&id=A.%20Reporting%20Entity) - Foresight Autonomous Holdings Ltd. is an Israeli technology company developing smart multi-spectral vision software solutions for automotive, defense, autonomous vehicles, heavy industrial equipment, and drones[20](index=20&type=chunk) - The company also develops a cellular-based solution suite for real-time pre-collision alerts to enhance road safety through its subsidiary, Eye-Net Mobile Ltd., incorporating AI technology[20](index=20&type=chunk) - The company's ADSs are listed on The Nasdaq Capital Market, with a ratio of **30 Ordinary Shares to 1 ADS**[21](index=21&type=chunk) [B. Going Concern](index=8&type=section&id=B.%20Going%20Concern) - The Company has not generated significant revenues and has incurred substantial operating losses, raising substantial doubts about its ability to continue as a going concern[23](index=23&type=chunk)[24](index=24&type=chunk) - Management plans to fund operations through current financial resources, product sales, and additional capital raises, but there is no assurance such funding will be available or sufficient[23](index=23&type=chunk)[24](index=24&type=chunk) [NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES](index=8&type=section&id=NOTE%202%20-%20BASIS%20OF%20PRESENTATION%20AND%20SIGNIFICANT%20ACCOUNTING%20POLICIES) Unaudited interim financial statements follow U.S. GAAP, using consistent policies and management estimates [A. Unaudited Interim Financial Statements](index=8&type=section&id=A.%20Unaudited%20Interim%20Financial%20Statements) - The accompanying unaudited interim condensed financial statements are prepared in accordance with U.S. GAAP for interim financial information and do not include all information and footnotes required for complete financial statements[25](index=25&type=chunk) - The results for the six and three months ended June 30, 2025, are not necessarily indicative of the results expected for the full year ending December 31, 2025[26](index=26&type=chunk) [B. Significant Accounting Policies](index=9&type=section&id=B.%20Significant%20Accounting%20Policies) - The significant accounting policies followed in the preparation of these unaudited interim condensed consolidated financial statements are identical to those applied in the preparation of the latest annual financial statements[28](index=28&type=chunk) [C. Use of estimates](index=9&type=section&id=C.%20Use%20of%20estimates) - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts, and actual results could differ from these estimates[29](index=29&type=chunk) [NOTE 3 - SEGMENT REPORTING](index=9&type=section&id=NOTE%203%20-%20SEGMENT%20REPORTING) The company operates as a single automotive vision segment, with diverse revenues from key regions and limited customers [A. Revenues by geographic region](index=9&type=section&id=A.%20Revenues%20by%20geographic%20region) | Region | Six months ended June 30, 2025 (Unaudited, in thousands) | Six months ended June 30, 2024 (Unaudited, in thousands) | | :----- | :----------------------------------------- | :----------------------------------------- | | Israel | $104 | $104 | | Japan | $75 | $115 | | USA | $32 | $- | | Other | $29 | $5 | | **Total** | **$240** | **$224** | - Revenues from Japan decreased by **$40 thousand**, while USA and Other regions showed new or increased revenue contributions in 2025[31](index=31&type=chunk) [B. Revenues by main customers](index=9&type=section&id=B.%20Revenues%20by%20main%20customers) | Customer | Six months ended June 30, 2025 (Unaudited, in thousands) | Six months ended June 30, 2024 (Unaudited, in thousands) | | :--------- | :----------------------------------------- | :----------------------------------------- | | Customer A | $104 | $104 | | Customer B | $- | $72 | | Customer C | $- | $44 | | Customer D | $40 | $- | | **Total** | **$144** | **$220** | - Customer B and C, which contributed **$72 thousand** and **$44 thousand** respectively in 2024, did not contribute revenue in 2025. Customer D emerged as a new significant customer in 2025 with **$40 thousand** in revenue[31](index=31&type=chunk) [NOTE 4 - MATERIAL EVENTS DURING THE REPORTING PERIOD](index=9&type=section&id=NOTE%204%20-%20MATERIAL%20EVENTS%20DURING%20THE%20REPORTING%20PERIOD) Foresight increased ADS offering capacity and raised **$1,870 thousand** net from sales, also diluting Eye-Net Mobile Ltd. ownership to **94.2%** via a **$2.75 million** equity investment - On February 21, 2025, the Company increased the maximum aggregate offering price of ADSs under its June 2024 Sales Agreement from **$7,000,000** to **$11,400,000**[32](index=32&type=chunk) - As of June 30, 2025, the Company raised a net amount of **$1,870 thousand** through the sale of **2,216,369 ADSs** (**66,491,070 Ordinary Shares**) under the June 2024 Sales Agreement[33](index=33&type=chunk) - On March 7, 2025, Eye-Net Mobile Ltd. received an equity investment resulting in gross proceeds of **$2.75 million**, diluting the Company's ownership from **100%** to **94.2%**. This transaction included the issuance of Series A Warrants (exercised for **4,315,507 ADSs** by June 30, 2025) and Series B Warrants (**89,836,950 warrants** issued)[33](index=33&type=chunk)[35](index=35&type=chunk) [NOTE 5 - SUBSEQUENT EVENTS](index=10&type=section&id=NOTE%205%20-%20SUBSEQUENT%20EVENTS) Post-period, Foresight raised **$745 thousand** net from ADS sales and approved a **$5 million** joint drone development project, **50%** funded by I4F - From July 1, 2025, until the report date, the Company raised an additional net **$745 thousand** through the sale of **1,612,981 ADSs** under the June 2024 Sales Agreement[36](index=36&type=chunk) - On August 4, 2025, a **$5 million** joint development and commercialization project with Big Bang Boom Solutions Pvt. Ltd. (an Indian drone manufacturer) was approved under the India-Israel Industrial R&D and Technological Innovation Fund (I4F)[36](index=36&type=chunk) - The project, scheduled to commence in September 2025 and span **24 months**, aims to develop autonomous industrial inspection drones equipped with advanced sensors and AI-based navigation capabilities, with I4F funding **50%** of the budget[36](index=36&type=chunk)