Foresight, GINT and KONEC Announce Collaboration Agreement to Revolutionize Autonomous Tractors in South Korea

Core Insights - Foresight Autonomous Holdings Ltd. has signed a three-way cooperation agreement with GINT Ltd. and KONEC Ltd. to develop advanced 3D perception solutions for autonomous tractors and construction equipment [1][3] - The initial focus will be on designing and commercializing autonomous tractor kits that integrate Foresight's 3D perception capabilities, enhancing operational safety and efficiency [2][3] Company Overview - Foresight Autonomous Holdings Ltd. specializes in smart multi-spectral vision software solutions and cellular-based applications, with subsidiaries focused on various automotive technologies [6][7] - GINT Ltd. is known for its autonomous driving tractor kit "Pluva Auto," which is the top-selling product in South Korea, and develops technologies for agricultural and construction machinery [4] - KONEC Ltd. is a leading Tier-One automotive supplier that manufactures parts for eco-friendly vehicles and is expanding into new industries aligned with electrification and software advancements [5] Collaboration Details - The collaboration will integrate Foresight's technology into GINT's autonomous control logic units, with KONEC leading market penetration efforts [3] - A commercial agreement is expected to be finalized by the end of Q1 2025, which will facilitate advancements in agricultural technology [3]