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Foresight Announced ADS Ratio Change
Globenewswire· 2026-02-20 21:05
Core Viewpoint - Foresight Autonomous Holdings Ltd. plans to change the ratio of its American Depositary Shares (ADSs) from one ADS for thirty Ordinary Shares to one ADS for ninety Ordinary Shares, effective February 26, 2026 [1][2]. Group 1: ADS Ratio Change Details - The ADS Ratio Change will not affect the Company's Ordinary Shares [2]. - ADS holders will need to surrender their existing ADSs to receive one new ADS for every three existing ADSs [2][4]. - The ADSs will continue to trade on Nasdaq under the symbol "FRSX" with a new CUSIP Number after the change [3]. Group 2: Impact on Shareholders - The ADS Ratio Change will not impact any shareholder's percentage ownership or voting power [4]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [4]. Group 3: Price Expectations and Compliance - The Company anticipates that the ADS price will increase proportionally due to the ADS Ratio Change, although no assurance can be given regarding the actual price post-change [5]. - The change is intended to help maintain compliance with Nasdaq listing requirements, but the Company cannot guarantee this outcome [5]. Group 4: Company Overview - Foresight Autonomous Holdings Ltd. is focused on developing advanced three-dimensional perception and cellular-based applications through its subsidiaries [6]. - The Company's technology includes automatic calibration and dense 3D point cloud systems applicable in various markets such as automotive and defense [7].
Foresight: Eye-Net, Renault Group and Orange Achieved Excellent Results in Large-Scale Live Public Transportation Project in France
Globenewswire· 2026-02-09 13:50
Core Insights - Foresight Autonomous Holdings Ltd. announced successful completion of a large-scale live trial for the SafeCycloMove "Collision Prevention" project in Bordeaux, France, in collaboration with Renault Group and Orange S.A. [1] - The trial demonstrated positive technical performance, confirming the readiness of Eye-Net's vehicle-to-everything (V2X) collision-prevention technology in a public transportation environment [2][4] - The results of the trial have initiated ongoing commercial discussions for further implementation and commercialization of the technology [3] Company Overview - Eye-Net Mobile Ltd., a majority-owned subsidiary of Foresight, develops next-generation V2X collision prevention solutions aimed at enhancing road safety and situational awareness for urban mobility [5] - Foresight Autonomous Holdings Ltd. focuses on advanced 3D perception systems and cellular-based applications, with subsidiaries including Foresight Automotive Ltd. and Eye-Net Mobile Ltd. [7][8] Trial Details - The trial involved integration of Eye-Net's software development kit into multiple applications, facilitating real-time data exchange between buses and cyclists to prevent collisions [3] - Key performance metrics evaluated during the trial included positioning accuracy, ultra-low latency, stable real-time communication, and scalability under heavy load [2][4]
Foresight: Eye-Net and SoftBank Advance Strategic V2X Collaboration in Japan to Boost Road Safety
Globenewswire· 2026-01-27 13:55
Core Viewpoint - Foresight Autonomous Holdings Ltd. is advancing its collaboration with SoftBank Corp. to validate Eye-Net's V2X collision prediction and prevention technology, aiming to enhance road safety and operational efficiency through real-time location information exchange among road users [1][2][3] Group 1: Collaboration Details - The collaboration builds on positive results from a previous proof-of-concept project with SoftBank, focusing on tailoring the solution to meet SoftBank's specific needs and evaluating its potential for new market introductions [2] - The initiative emphasizes a shared commitment to accelerating the deployment of connected mobility solutions, which is expected to improve situational awareness and reduce traffic-related incidents in Japan and beyond [3] Group 2: Company Overview - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety and situational awareness for all road users in urban environments, utilizing advanced AI technology and existing cellular networks for real-time pre-collision alerts [4] - Foresight Autonomous Holdings Ltd. is a technology company focused on developing advanced 3D perception and cellular-based applications through its subsidiaries, including Eye-Net Mobile Ltd., which specializes in both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [6][7]
Foresight: Eye-Net and SoftBank Corp. Advance Strategic Collaboration in Japan
Globenewswire· 2026-01-20 13:55
Core Viewpoint - Foresight Autonomous Holdings Ltd. is advancing its collaboration with SoftBank Corp. to validate Eye-Net's V2X collision prediction and prevention technology, aiming to enhance road safety and operational efficiency through real-time location information exchange among road users [1][2][3] Group 1: Collaboration Details - The collaboration builds on positive results from a previous proof-of-concept project with SoftBank, focusing on tailoring the solution to meet SoftBank's specific needs and evaluating its potential for new market introductions [2] - The initiative emphasizes a shared commitment to accelerate the deployment of connected mobility solutions, which is expected to improve situational awareness and reduce traffic-related incidents in Japan and beyond [3] Group 2: Company Overview - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems, utilizing AI technology and existing cellular networks to provide real-time pre-collision alerts to road users [4] - Foresight Autonomous Holdings Ltd. is a technology company specializing in advanced 3D perception and cellular-based applications, with subsidiaries focused on both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [6][7]
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
Group 1 - Xping's Fast Drive model has been accepted to AAI 2026, an AI conference with a 17% acceptance rate, introducing a new visual token pruning framework for autonomous driving models [1] - Fast Drive reduces computational load by focusing on essential visual information and filtering out irrelevant data, enhancing real-time performance [2] - REI Automotive has announced a strategic non-binding memorandum of understanding with Cascadia Motion to develop a next-generation electric drive unit based on Recorner technology for global OEM electrification programs [2] Group 2 - Fusion Fuel Green has formed Bright Hydrogen, a dedicated platform to develop, finance, and deliver industrial-scale hydrogen projects, backed by up to $35 million from a green energy partner [3] - The new structure formalizes a previously non-binding agreement into a standalone investment vehicle, combining technical expertise with long-term funding to support hydrogen infrastructure rollout [3] - Foresight Autonomous has been selected by Audi to showcase its terrain intelligence 3D perception solution, highlighting real-time analysis of road and surface conditions under various lighting and weather conditions [3]
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]