Foresight(FRSX) - 2022 Q4 - Annual Report

Exhibit 99.1 Fourth Quarter Corporate Highlights: ● Foresight Signs Commercial Agreement with SUNWAY-AI for up to $51 million: In November, Foresight announced the signing of a joint development and supply agreement with SUNWAY-AI Technology Co., Ltd., a global Chinese manufacturer of components for autonomous and unmanned intelligent vehicles. The deal may yield up to$51 million in revenue over the contractual period of four years, depending on demand from SUNWAY-AI. According to the agreement, the compan ...