Foresight: Eye-Net and SoftBank Corp. Enter Agreement with Japanese Vehicle Manufacturer

Core Viewpoint - Foresight Autonomous Holdings Ltd. has entered a multi-phase agreement with SoftBank and a Japanese vehicle manufacturer to assess Eye-Net's technology for potential integration into advanced driver assistance systems (ADAS) aimed at improving road safety in Japan [1][6]. Company Overview - Foresight Autonomous Holdings Ltd. specializes in developing smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, including Eye-Net Mobile Ltd. [7]. - Eye-Net's technology focuses on providing real-time pre-collision alerts to enhance road safety and situational awareness using advanced AI technology and analytics [3][6]. Project Details - The project will commence in the third quarter of 2024, starting with an evaluation of the Eye-Net™ Sense demonstration kit in standalone mode [9]. - Successful evaluation may lead to the integration of Eye-Net Sense into the vehicle manufacturer's infotainment systems, with further phases potentially resulting in full commercial deployment in the manufacturer's vehicles [9]. Strategic Importance - The collaboration aims to leverage SoftBank's extensive network and the vehicle manufacturer's presence to protect millions of road users from non-line-of-sight collisions [6].