CDG, a $IB annual revenue corporation, will leverage its expertise to lead the marketing and sales efforts of the intelligent traffic systems in mainland China Ness Ziona, Israel, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision systems, announced today the signing of a multi-phase strategic cooperation agreement with China Design Group Co. Ltd. ("CDG") (Shenzhen: 603018), a $1 billion annual reven ...

NESS ZIONA, Israel, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision systems, today reported financial results for the second quarter of 2024. Q2 and recent key highlights: Foresight enhanced global commercial partners network in main target markets: ● Signed collaboration agreement with Korean Tier-One KONEC, sponsored by Hyundai's Foundation. ● Announced it will supply advanced systems for SUNWAY- ...

Ness Ziona, Israel, July 29, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision systems, announced today the signing of an agreement for a paid proof of concept (POC) project with Xi'an Jiaotong-Liverpool University ("XJTLU"), China's largest Sino-foreign cooperative university. The project aims to install and integrate Foresight's QuadSight® technology into Higer Bus Company Limited ("Higer") autonomous buses ...

Ness Ziona, Israel, July 29, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision systems, announced today the signing of an agreement for a paid proof of concept (POC) project with Xi'an Jiaotong-Liverpool University ("XJTLU"), China's largest Sino-foreign cooperative university. The project aims to install and integrate Foresight's QuadSight® technology into Higer Bus Company Limited ("Higer") autonomous buses ...

"This agreement marks a significant advancement for Eye-Net and an additional initiative in Japan's automotive sector aimed at significantly improving road safety. By combining SoftBank's extensive network of partners and large user base with the vehicle manufacturer's widespread driver and vehicle presence, Eye-Net holds the potential to protect millions of road users across the country from non-line-of-sight collisions," said Dror Elbaz, CEO of Eye-Net. Foresight's vision solutions include modules of auto ...

Company Overview - Foresight Autonomous Holdings Ltd is a technology company developing smart multi-spectral vision software solutions and cellular-based applications [9] - The company operates through its wholly owned subsidiaries: Foresight Automotive Ltd, Foresight Changzhou Automotive Ltd, and Eye-Net Mobile Ltd [9] - Foresight's solutions include both "in-line-of-sight" vision systems and "beyond-line-of-sight" accident-prevention solutions [9] Recent Development - Foresight signed a follow-up paid software proof of concept (POC) project with a leading Japanese vehicle manufacturer [1] - This software project follows the successful completion of two previous POC projects reported on February 5, 2024 [1] - The project involves evaluation of Foresight's software for integration into cameras and hardware in vehicles with level 2 and level 3 autonomous driving features [5] Technology and Products - Foresight's vision solutions include modules of automatic calibration and dense 3D point cloud technology [6] - The company's technology can be applied to various markets including automotive, defense, autonomous vehicles, and heavy industrial equipment [6] - Eye-Net Mobile's cellular-based solution suite provides real-time pre-collision alerts using AI technology and advanced analytics [6] - ScaleCam™ is Foresight's 3D perception modular stereoscopic vision solution consisting of two separate cameras [8] Project Details - The Japanese vehicle manufacturer aims to improve safety features in its level 2 and level 3 autonomous vehicles [8] - The manufacturer will evaluate ScaleCam™'s software capabilities for accurate object detection and assess feasibility of rapid software integration [8] - Successful completion of the project could lead to deeper collaboration and potential integration of Foresight's technology into the manufacturer's mass-produced vehicles [5] Additional Information - More information about Foresight and its subsidiary Foresight Automotive is available on their website and social media platforms [3] - Investor relations contact information is provided for further inquiries [11]

Foresight's software will be evaluated for integration into the cameras and hardware currently installed in the manufacturer's vehicles equipped with level 2 and level 3 autonomous driving features Successful completion of the project may pave the way for a deeper collaboration with the vehicle manufacturer, potentially leading to the integration of Foresight's technology into the vehicle manufacturer's current and future mass-produced passenger vehicles. For more information about Foresight and its wholly ...

Foresight's stereoscopic technology aims to enhance operational safety and vision perception for heavy machinery BuilderX's products enable real-time remote operation and monitoring of heavy machinery through control consoles, utilizing multiple cameras mounted on the heavy machinery. The POC project will focus on assessing Foresight's QuadSight® 3D perception capabilities, using both visible-light and thermal cameras, to potentially enhance the operational safety, vision accuracy and efficiency of BuilderX ...

Foresight's stereoscopic technology aims to enhance operational safety and vision perception for heavy machinery BuilderX's products enable real-time remote operation and monitoring of heavy machinery through control consoles, utilizing multiple cameras mounted on the heavy machinery. The POC project will focus on assessing Foresight's QuadSight® 3D perception capabilities, using both visible-light and thermal cameras, to potentially enhance the operational safety, vision accuracy and efficiency of BuilderX ...

This amendment to the joint development and supply agreement signed with SUNWAY, as announced by the Company on November 16, 2022, states that Foresight will initially equip SUNWAY'S unmanned warehouse and materials handling vehicles, autonomous coffee machine carts and wireless charging robotic vehicles with its advanced 3D perception systems to enable autonomous capabilities for both indoor and outdoor operations. This integration will enable SUNAWAY's unmanned logistics and robotic vehicles to navigate c ...