Foresight Secures Follow-Up Order from Leading Japanese Vehicle Manufacturer

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]