Foresight Signs Agreement to Supply Autonomous Drone Technology in India with Revenue Potential of up to $2.5 Million by 2026

Core Insights - Foresight Autonomous Holdings Ltd. has signed a commercial cooperation agreement with a prominent Indian drone manufacturer to integrate its 3D perception technology into autonomous drones, with potential revenue projected to reach up to $16 million by 2029 [1][2][3] Group 1: Agreement Details - The collaboration focuses on enhancing drone performance in challenging environments, such as dense smoke and poor lighting, enabling the detection of people and providing real-time spatial positioning information [2][3] - The initial phase targets the Indian defense market, with plans for future manufacturing, marketing, and distribution efforts, starting in India and potentially expanding globally [2][3] Group 2: Technology and Capabilities - Foresight's 3D perception solution utilizes stereoscopic long-wave infrared technology, which is effective for detecting humans in difficult conditions, including smoke from fires [3][4] - The technology is adaptable across various autonomous platforms, including drones and ground vehicles, showcasing its versatility and potential impact [4] Group 3: Company Overview - Foresight Autonomous Holdings Ltd. develops smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, focusing on both in-line-of-sight and beyond-line-of-sight accident-prevention solutions [5][6] - The company's vision solutions include automatic calibration modules and dense 3D point clouds applicable to multiple markets, including defense and autonomous vehicles [6]