Foresight Secures Follow-Up Order from Leading Japanese Vehicle Manufacturer

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]