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]

Core Points - The U.S. Department of Transportation's NHTSA has finalized a new federal motor vehicle safety standard requiring automatic emergency braking (AEB) systems in all new passenger cars and light trucks by September 2029, emphasizing the importance of thermal imaging for pedestrian safety in low light conditions [1][2] - The NHTSA estimates that this regulation will save at least 360 lives and prevent 24,000 injuries annually, highlighting the limitations of AEB systems in certain lighting and weather conditions, which thermal imaging can address [2] - The company believes its pioneering stereoscopic thermal imaging technology provides a significant advantage in enhancing AEB solutions and anticipates increased demand for thermal cameras, leading to a decrease in associated costs [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 [4] - The company's vision solutions include automatic calibration modules and dense 3D point cloud applications across various markets, including automotive and defense [5]

NVIDIA Jetson AGX Orin system-on-module is used to accelerate autonomous agriculture and heavy machinery projects Ness Ziona, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision solutions, has announced a major breakthrough with the development of Dragonfly Vision™, its cutting-edge 360-degrees 3D perception solution, based on the NVIDIA Jetson AGX Orin platform, designed for power-optimized aut ...

The patented technology is highly beneficial to Foresight's key markets, particularly the heavy equipment industry, as the integration of thermal cameras ensures precise obstacle detection in challenging weather and dust-filled environments Ness Ziona, Israel, April 17, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has received a notice of allowance from the Japan Patent Office for its patent applicatio ...

Foresight Announces Fourth Quarter and Full Year 2023 Financial Results NESS ZIONA, Israel — March 27, 2024 — Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), today reported financial results for the fourth quarter and full year ended December 31, 2023. Foresight ended the full year 2023 with revenues of $497,000 and with $15.7 million in cash, cash equivalent and restricted cash. The Company reported a U.S. generally accep ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR (Name, Tel ...

As a result of the successful completion of the POC, the parties will initiate sales efforts with SoftBank's key business partners for commercial validation Ness Ziona, Israel, March 22, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision solution, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. ("Eye-Net"), announced today that SoftBank Corp. (TYO:9434) ("SoftBank") will collaborate with its business partners to initia ...

Eye-Net targets integration into the vehicle manufacturer's existing ADAS systems Ness Ziona, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly-owned subsidiary, Eye-Net Mobile Ltd. ("Eye-Net"), has received an additional order for a paid development project from a leading global Japanese vehicle manufacturer, following the successful completion of the first two phases of a paid pr ...