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].

Core Viewpoint - The collaboration between Foresight Autonomous Holdings Ltd., 7meerkat Ltd., and KONEC Ltd. aims to develop and commercialize AI-powered parking management solutions to enhance urban parking efficiency and user experience [1][4]. Group 1: Collaboration Details - A three-way multi-phase strategic cooperation agreement has been signed among Foresight, 7meerkat, and KONEC to leverage Foresight's 3D perception technology for smart parking solutions [1]. - The collaboration will integrate Foresight's technology, which utilizes both visible-light and thermal infrared cameras, into 7meerkat's AI-powered systems, with KONEC leading market promotion efforts [4]. Group 2: Technological Innovations - Innovations will include AI analysis of vehicle data, automated parking systems, and enhancements for smart urban mobility, featuring AI-driven vehicle identification and monitoring for electric vehicles [2]. - The solutions will also monitor vehicle conditions such as contamination and damage, aiming to improve urban parking systems [2]. Group 3: Background of Companies - 7meerkat specializes in next-generation parking management systems, focusing on AI capabilities like automatic number plate recognition and vehicle classification, and aims to expand globally [5]. - KONEC is a leading Tier-One automotive supplier, manufacturing parts for eco-friendly vehicles and venturing into new industries aligned with electrification and software advancements [6]. - Foresight develops smart multi-spectral vision software solutions and accident-prevention technologies through its subsidiaries, targeting various markets including automotive and defense [7][8].

Core Insights - Foresight Autonomous Holdings Ltd. has signed a three-way cooperation agreement with GINT Ltd. and KONEC Ltd. to develop advanced 3D perception solutions for autonomous tractors and construction equipment [1][3] - The initial focus will be on designing and commercializing autonomous tractor kits that integrate Foresight's 3D perception capabilities, enhancing operational safety and efficiency [2][3] Company Overview - Foresight Autonomous Holdings Ltd. specializes in smart multi-spectral vision software solutions and cellular-based applications, with subsidiaries focused on various automotive technologies [6][7] - GINT Ltd. is known for its autonomous driving tractor kit "Pluva Auto," which is the top-selling product in South Korea, and develops technologies for agricultural and construction machinery [4] - KONEC Ltd. is a leading Tier-One automotive supplier that manufactures parts for eco-friendly vehicles and is expanding into new industries aligned with electrification and software advancements [5] Collaboration Details - The collaboration will integrate Foresight's technology into GINT's autonomous control logic units, with KONEC leading market penetration efforts [3] - A commercial agreement is expected to be finalized by the end of Q1 2025, which will facilitate advancements in agricultural technology [3]

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 ...

Core Viewpoint - Foresight Autonomous Holdings Ltd. has launched an advanced sensor kit portfolio aimed at enhancing perception capabilities for various applications in industrial automation and autonomous mobility, positioning the company as a key player in advanced perception technology [2][4]. Group 1: Product Offerings - The new sensor kit portfolio includes ScaleCam™ Vision, ScaleCam™ Thermal, and QuadSight®, designed for diverse applications such as automated vehicles, logistics, and drones [2][3]. - ScaleCam Vision provides high-resolution 3D point clouds and superior visibility, while ScaleCam Thermal detects heat signatures for reliable performance in adverse conditions [3]. - QuadSight combines visible-light and thermal infrared imaging, offering a cost-effective solution for autonomous vehicle applications [3]. Group 2: Development and Implementation - The sensor kits facilitate rapid prototyping, testing, and implementation, making them suitable for both development and serial production phases [4]. - Foresight's advanced stereovision technology enables high-resolution 3D mapping and per-pixel data essential for obstacle detection and terrain analysis, significantly reducing development time across various sectors [4]. Group 3: Company Vision and Strategy - The company emphasizes its commitment to providing developers with tools that accelerate innovation in autonomous technology, aiming for safer and more efficient solutions across multiple industries [5]. - Foresight 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].

. ● ● Foresight to Present at the LD Micro Main Event XVII October 15, 2024 9:00 AM EDT | Source: LD Micro Ness Ziona, Israel--(Newsfile Corp. - October 15, 2024) - Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX) (TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision systems, today announced that Eli Yoresh, Chief Financial Officer of the Company, and Oren Bar-On, Vice President of Global Operations of the Company and Foresight Changzhou Chief Executive Officer, will present at the ...