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 ...

Company Overview - Foresight Autonomous Holdings Ltd. is a technology company focused on developing smart multi-spectral vision software solutions and cellular-based applications [5] - 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" vision systems and "beyond-line-of-sight" accident-prevention solutions [5] Recent Developments - Foresight has signed an agreement for a follow-up paid software proof of concept (POC) project with a leading Japanese vehicle manufacturer, following the successful completion of two previous POC projects [7] - The software will be evaluated for integration into the cameras and hardware of the manufacturer's vehicles equipped with level 2 and level 3 autonomous driving features [1][4] - Successful completion of the project may lead to deeper collaboration with the vehicle manufacturer, potentially integrating Foresight's technology into current and future mass-produced passenger vehicles [1][6] Technology and Solutions - Foresight's ScaleCam™ is a 3D perception modular stereoscopic vision solution consisting of two separate cameras, aimed at improving object detection capabilities [4] - The company's vision solutions include modules for automatic calibration and dense three-dimensional (3D) point cloud applications across various markets, including automotive, defense, and heavy industrial equipment [11] - Eye-Net Mobile's cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness, utilizing advanced AI technology and analytics [11]

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 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 ...

The joint project with KONEC, a leading Korean Tier One supplier, sponsored by Hyundai's Foundation of Korea Automotive Parts Industry Promotion (KAP), aims to develop a conceptual autonomous driving vehicle using Foresight's 3D perception technology Ness Ziona, Israel, May 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 a co-development collaboration agreement wi ...

NESS ZIONA, Israel, May 28, 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 first quarter of 2024. :Key highlights Initial revenues from collaborations with Elbit Systems Ltd. ("Elbit") and SoftBank Corp. (TYO:9434) ("SoftBank") Focus on defense, industrial vehicles and Eye-Net Mobile ("Eye-Net"), the Company's wholly owned subsidiary, initiatives resulted i ...

Core Viewpoint - Foresight Autonomous Holdings Ltd. has developed advanced stereoscopic thermal imaging technology that enhances automatic emergency braking (AEB) systems, particularly for pedestrian safety in low-light conditions, in response to new U.S. regulations [1][2][3] Group 1: Regulatory Impact - The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) has finalized a new federal motor vehicle safety standard requiring AEB systems in all new passenger cars and light trucks by September 2029 [1][2] - This regulation is projected to save at least 360 lives and prevent 24,000 injuries annually [2] Group 2: Technology Advantages - Foresight's thermal imaging technology utilizes heat signatures to detect objects in challenging conditions such as darkness and adverse weather, providing superior pedestrian detection compared to traditional AEB systems [2][3] - The company believes its innovative technology positions it favorably in the market for safer AEB solutions, as demand for thermal cameras is expected to rise while costs decrease significantly in the coming years [3] Group 3: Company Overview - Foresight Autonomous Holdings Ltd. specializes in developing smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries [4][5] - The company's vision solutions include automatic calibration modules and dense 3D point cloud applications across various sectors, including automotive and defense [5]