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]

Agreement Overview - Foresight and KONEC signed a commercial cooperation agreement to integrate advanced 3D perception solutions into vehicles and machinery in South Korea [10] - The agreement includes exclusive distribution rights for KONEC in South Korea, subject to meeting certain sales targets [1] - The collaboration follows a successful co-development agreement sponsored by Hyundai’s Foundation of Korea Automotive Parts Industry Promotion [2] Strategic Goals - The partnership aims to enhance operational efficiency, improve product quality, and unlock new possibilities in sectors like automotive, agriculture, and heavy machinery [6] - Both parties are considering establishing a joint venture in South Korea to facilitate business cooperation, including setting up a manufacturing factory [3] Market Potential - KONEC forecasts commercial sales of $1.5 million by 2027, with revenues projected to grow up to $7 million by 2029 [14] - The solutions are designed for a wide range of sectors, including passenger vehicles, commercial vehicles, autonomous logistics vehicles, and geofenced autonomous vehicles [10] Company Profiles - KONEC is a leading Tier-One automotive supplier specializing in eco-friendly vehicle parts using high-pressure die-casting processes, with major customers including Tesla, Hyundai Motor, and Kia [5] - Foresight develops smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, focusing on in-line-of-sight and beyond-line-of-sight accident-prevention solutions [16] Technological Innovation - Foresight’s 3D perception solutions include automatic calibration and dense 3D point cloud modules applicable to automotive, defense, autonomous vehicles, and heavy industrial equipment [8] - Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts using AI technology and advanced analytics [8] Leadership Statements - Foresight’s CEO highlighted the substantial revenue opportunities and the role in South Korea’s technological leadership [4] - KONEC’s CTO emphasized the agreement’s potential for autonomous driving growth and value creation for stakeholders [6]

Core Viewpoint - Foresight Autonomous Holdings Ltd. has entered a multi-phase agreement with SoftBank Corp. and a leading Japanese vehicle manufacturer to evaluate Eye-Net Mobile's cellular vehicle-to-everything (C-V2X) technology for advanced driver assistance systems, aiming to enhance road safety [1][3]. Group 1: Agreement Details - Eye-Net Mobile is conducting a paid proof of concept (POC) project supported by SoftBank's cellular network infrastructure to explore the integration of its non-line-of-sight collision avoidance solution into future vehicle systems [2][9]. - The initial phase involves evaluating the Eye-Net Sense demonstration kit in standalone mode, with potential subsequent phases focusing on integration into the vehicle manufacturer's infotainment systems [9]. Group 2: Technology and Impact - Eye-Net's solutions provide real-time pre-collision alerts, enhancing road safety and situational awareness for all road users by utilizing advanced AI technology and analytics [5]. - The collaboration aims to protect millions of road users from non-line-of-sight collisions, marking a significant milestone in road safety innovation [3][7]. 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 [11].

The parties will collaborate to develop and commercialize advanced  AI-powered parking management solutions to enhance urban parking, making it smarter, more efficient and user-friendly Ness Ziona, Israel, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today the signing of a three-way multi-phase strategic cooperation agreement with 7meerkat Ltd. (“7meerkat”), a South Korean company ...

Initially the parties will collaborate to design and commercialize autonomous tractor kits, with plans to expand their offerings into semi- and fully autonomous solutions for the automotive industry Ness Ziona, Israel, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today the signing of a three-way multi-phase cooperation agreement with GINT Ltd. (“GINT”), a South Korean company spec ...

The founders of Software République include Dassault Systèmes, Eviden, JC Decaux, Orange, Renault Group, STMicroelectronics and Thales. Software République is engaged in a road safety and mobility project in the metropolitan area of Bordeaux, France in collaboration with Allianz IARD, a leading global insurance company, Bordeaux University, Bordeaux INP, a scientific institution and Keolis Bordeaux Métropole Mobilités, the leading public mobility services provider in Bordeaux. Successful completion of integ ...

Ness Ziona, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced that its stereoscopic 3D perception systems would likely comply with the strategic initiative of the impending Trump administration’s recent publicly stated commitment to establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation. We believe that ...

Foresight’s new sensor kit portfolio, designed for serial production, empowers developers and manufacturers across diverse sectors, including automated special purpose vehicles, warehouse and logistics automation, drones, unmanned aerial vehicles, aviation, and autonomous vehicle applications. Ness Ziona, Israel, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced the launch of its a ...