Globenewswire·2025-03-13 12:14Core Viewpoint - Foresight Autonomous Holdings Ltd. has signed a commercial cooperation agreement with Excava Attachers Pvt. Ltd. to establish a partnership aimed at manufacturing and promoting advanced 3D perception systems in India, targeting various sectors including automotive and defense [1][2][3] Group 1: Partnership Details - Foresight will provide technology and know-how transfer, while Excava will manage manufacturing and sales activities in the Indian market [1] - The partnership is expected to generate potential revenues of up to $19.5 million from 2025 to 2029 through the promotion of Foresight's 3D perception systems [2] - A local joint venture is planned to enhance cooperation and develop a business strategy, with funding and operational details to be finalized [3] Group 2: Strategic Importance - The collaboration aims to integrate Foresight's technology into Excava's offerings, enhancing efficiency and unlocking opportunities across various segments such as drones and heavy machinery [4] - The partnership represents a significant step for Foresight in expanding its market presence in India, with potential strategic investment from Excava being considered [5] Group 3: Company Backgrounds - Excava Attachers Pvt. Ltd. is recognized for providing durable attachment solutions in the excavation and construction industries, focusing on operational efficiency [6][7] - Foresight Autonomous Holdings Ltd. specializes in developing smart multi-spectral vision software solutions and accident-prevention technologies for various markets [8][10]