Foresight Partners with Autonomous Drone Manufacturer Generating $16 Million Revenue Potential in India by 2029

Core Insights - Foresight Autonomous Holdings Ltd. has signed a commercial cooperation agreement with a leading Indian drone manufacturer, aiming to integrate its 3D perception solutions into the manufacturer's autonomous drone platforms, with potential revenue reaching up to $2.5 million by 2026 and 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, poor lighting, and high temperatures, enabling the detection of people and providing real-time spatial positioning information [2][3] - The initial phase targets the Indian defense market, with future plans for manufacturing, marketing, and distribution, starting in India and potentially expanding globally [2][3] Group 2: Technology and Applications - Foresight's 3D perception solution utilizes stereoscopic long-wave infrared technology, which is effective for human detection in difficult conditions, including smoke from fires [3] - The collaboration is part of Foresight's strategy to expand its 3D perception technology across various autonomous vehicle markets, including drones and unmanned aerial vehicles [3] 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 [4][5] - The company's vision solutions include automatic calibration modules and dense 3D point clouds applicable to multiple markets, including automotive and defense [5]