Ness Ziona, Israel, March 11, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that it and its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), have entered into definitive agreements with institutional and private investors for an investment in Eye-Net, based on an Eye-Net pre-money valuation of $45 million. The gross proceeds of the investment will be approximately $2.75 million, be ...

Eye-Net’s compliance validation clears the path to European market expansion following successful UTAC testing Ness Ziona, Israel, March 07, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in three-dimensional (“3D”) perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), has successfully achieved Euro New Car Assessment Programme (NCAP) compliance validation for its cellular-based vehic ...

Core Insights - Foresight Autonomous Holdings Ltd. integrates NVIDIA Jetson Orin platforms into its 3D perception systems to enhance real-time perception, obstacle detection, and energy efficiency for autonomous drones and unmanned aerial vehicles (UAV) [1][2][4] Group 1: Technology Integration - The collaboration utilizes NVIDIA Jetson Orin Nano and AGX Orin platforms to improve Foresight's 3D perception systems across various industries, particularly focusing on autonomous drones and UAVs [2][3] - The NVIDIA Jetson Orin platform provides advanced computing power tailored for autonomous drones, with the Orin Nano optimized for compact drones, offering robust AI performance and energy efficiency [3][4] Group 2: Performance and Efficiency - The NVIDIA Jetson AGX Orin can deliver up to 275 trillion operations per second (TOPS), enabling real-time data processing, advanced obstacle detection, and precise terrain mapping in complex environments [3] - Foresight's 3D perception systems utilize both visible light and thermal long-wave infrared cameras, allowing for comprehensive environmental perception in challenging conditions such as low-light environments and extreme weather [5] Group 3: Market Applications - The technology is applicable in various fields, including search and rescue missions and agriculture monitoring, where reliable environmental understanding is crucial [5] - Foresight's vision solutions include automatic calibration and dense 3D point cloud modules, applicable in markets such as automotive, defense, and heavy industrial equipment [7]

Core Insights - Foresight Autonomous Holdings Ltd. has signed a development service agreement with a leading Japanese manufacturer to enhance road traffic safety and efficiency through advanced 3D perception systems [1][4] - The initial project will focus on real-time detection of vehicles merging onto highways, with future projects involving dual stereoscopic camera systems [2] - Advanced sensor systems will monitor restricted road lanes under challenging conditions, providing real-time hazard notifications to improve workplace safety for road workers [3] Company Overview - Foresight Autonomous Holdings Ltd. specializes in smart multi-spectral vision software solutions and cellular-based applications, with subsidiaries focused on both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [5][6] - The company's vision solutions include automatic calibration modules and dense 3D point cloud applications across various markets, including automotive and defense [6] Future Prospects - The commercial terms for individual development projects will be tailored to specific technical requirements, with the company anticipating that this agreement will accelerate revenue growth in the coming years [4]

Collaboration Overview - Eye-Net Mobile, a subsidiary of Foresight Autonomous Holdings, entered a groundbreaking collaboration with Software République to integrate and test its V2X collision avoidance solution [1] - The collaboration aims to redefine urban mobility and road safety across Europe [1] - The project focuses on deploying Eye-Net's advanced digital services in Bordeaux, France, as part of a comprehensive urban mobility transformation [3] Technology and Solution - Eye-Net's V2X collision avoidance solution provides real-time alerts and information to all road users, creating a safer and more predictable road environment [2] - The technology leverages real-time communication between vehicles and their surroundings to enable smarter, safer, and more predictable transportation systems [8] - Eye-Net's solution plays a critical role in connecting road users in real time, reducing non-line-of-sight collisions and creating safer urban environments [5] Strategic Partners and Expansion - The collaboration includes industry leaders such as Renault Group, Dassault Systèmes SE, Orange S A, Eviden, STMicroelectronics N V, and Thales Group [3] - The project is a multi-phase initiative starting with real-time field testing in controlled environments, with potential expansion to dozens of European cities [4] - The agreement aligns with Bordeaux Metropole's comprehensive mobility plan to promote sustainability, safety, and efficiency in urban transportation [5] Industry Impact and Vision - The collaboration positions Eye-Net at the forefront of Europe's urban mobility transformation, advancing road safety and paving the way for significant commercial penetration across the European market [7] - The initiative aims to create safer and more efficient transportation systems by leveraging cutting-edge connected technology [3] - The Bordeaux project is poised to act as a launchpad for a Europe-wide revolution in road safety and connected mobility [8] About Software République - Software République is an open innovation ecosystem dedicated to intelligent, secure, and sustainable mobility, founded by six global industry leaders [10] - The ecosystem combines established companies and start-ups to bring to market products and services that address the challenges of connected vehicles, smart cities, and energy [11][12] About Foresight and Eye-Net - Foresight Autonomous Holdings develops smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, including Eye-Net Mobile [12] - Eye-Net Mobile's cellular-based solution suite provides real-time pre-collision alerts, enhancing road safety and situational awareness for all road users [13]

Core Insights - Foresight Autonomous Holdings Ltd. has signed a commercial cooperation agreement with a leading Indian drone manufacturer, aiming to integrate its 3D perception solutions into the manufacturer's autonomous drone platforms, with potential revenue reaching up to $2.5 million by 2026 and up to $16 million by 2029 [1][2][3] Group 1: Agreement Details - The collaboration focuses on enhancing drone performance in challenging environments, such as dense smoke, poor lighting, and high temperatures, enabling the detection of people and providing real-time spatial positioning information [2][3] - The initial phase targets the Indian defense market, with future plans for manufacturing, marketing, and distribution, starting in India and potentially expanding globally [2][3] Group 2: Technology and Applications - Foresight's 3D perception solution utilizes stereoscopic long-wave infrared technology, which is effective for human detection in difficult conditions, including smoke from fires [3] - The collaboration is part of Foresight's strategy to expand its 3D perception technology across various autonomous vehicle markets, including drones and unmanned aerial vehicles [3] Group 3: Company Overview - Foresight Autonomous Holdings Ltd. develops smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, focusing on both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [4][5] - The company's vision solutions include automatic calibration modules and dense 3D point clouds applicable to multiple markets, including automotive and defense [5]

Core Insights - Eye-Net Mobile Ltd., a subsidiary of Foresight Autonomous Holdings Ltd., successfully passed field tests conducted by UTAC, validating its cellular vehicle-to-everything (V2X) technology under Euro NCAP regulations [1][2][3] - The tests demonstrated a 100% success rate in preventing collisions by triggering the autonomous vehicle's emergency braking system with alert timing variations of less than 20 milliseconds [2] - UTAC's validation is seen as a significant milestone for Eye-Net and the automotive industry, potentially leading to new strategic partnerships with automotive manufacturers [3] Company Overview - Foresight Autonomous Holdings Ltd. is a technology company focused on developing smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries [5][6] - The company's vision solutions include automatic calibration modules and dense 3D point cloud applications for various markets, including automotive and defense [6] - Eye-Net's solutions provide real-time pre-collision alerts, enhancing road safety and situational awareness by utilizing advanced AI technology and analytics [6]

Core Insights - Foresight Autonomous Holdings Ltd. has achieved a significant milestone by delivering its first batch of ScaleCam systems to SUNWAY-AI Technology, marking a step forward in its production and commercialization strategy [1][3] - The integration of Foresight's 3D perception technology into SUNWAY's autonomous vehicles will enhance their capabilities for navigating complex environments [2][3] Company Overview - Foresight Autonomous Holdings Ltd. specializes in developing smart multi-spectral vision software solutions and cellular-based applications, with a focus on both "in-line-of-sight" and "beyond-line-of-sight" systems [5][6] - The company operates through subsidiaries, including Foresight Automotive Ltd. and Eye-Net Mobile Ltd., which provide advanced vision systems and real-time pre-collision alerts [5][6] Industry Context - The collaboration with SUNWAY positions Foresight as a key player in the growing field of autonomous logistics and robotics, reflecting the increasing demand for advanced perception systems in this sector [3][4] - SUNWAY-AI Technology is involved in the research, development, and manufacturing of intelligent vehicle technologies, indicating a strong partnership potential for future innovations in autonomous vehicles [4]

Core Insights - Foresight Autonomous Holdings Ltd. has signed a commercial cooperation agreement with a prominent Indian drone manufacturer to integrate its 3D perception technology into autonomous drones, with potential revenue projected to reach up to $16 million by 2029 [1][2][3] Group 1: Agreement Details - The collaboration focuses on enhancing drone performance in challenging environments, such as dense smoke and poor lighting, enabling the detection of people and providing real-time spatial positioning information [2][3] - The initial phase targets the Indian defense market, with plans for future manufacturing, marketing, and distribution efforts, starting in India and potentially expanding globally [2][3] Group 2: Technology and Capabilities - Foresight's 3D perception solution utilizes stereoscopic long-wave infrared technology, which is effective for detecting humans in difficult conditions, including smoke from fires [3][4] - The technology is adaptable across various autonomous platforms, including drones and ground vehicles, showcasing its versatility and potential impact [4] Group 3: Company Overview - Foresight Autonomous Holdings Ltd. develops smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, focusing on both in-line-of-sight and beyond-line-of-sight accident-prevention solutions [5][6] - The company's vision solutions include automatic calibration modules and dense 3D point clouds applicable to multiple markets, including defense and autonomous vehicles [6]

Core Points - Foresight Autonomous Holdings Ltd. has regained compliance with Nasdaq's minimum bid price requirement, closing the matter of previous non-compliance [1][2] - The company was previously notified of non-compliance on September 3, 2024, due to its American Depositary Shares (ADSs) failing to meet the required closing bid price of $1.00 for 30 consecutive business days [2] - To regain compliance, Foresight needed to maintain a minimum closing bid price of $1.00 for at least 10 consecutive trading days, which it achieved from December 20, 2024, to January 6, 2025 [2] Company Overview - Foresight Autonomous Holdings Ltd. is a technology company focused on developing smart multi-spectral vision software solutions and cellular-based applications [3] - The company operates through its wholly owned subsidiaries, including Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., which develop both in-line-of-sight and beyond-line-of-sight accident-prevention solutions [3] - Foresight's vision solutions feature automatic calibration modules and dense 3D point cloud technology applicable in various markets such as automotive, defense, autonomous vehicles, and heavy industrial equipment [4] Product Offerings - Eye-Net Mobile provides a cellular-based solution suite that delivers real-time pre-collision alerts, enhancing road safety and situational awareness for urban mobility users through advanced AI technology and analytics [4]