Core Insights - Foresight Autonomous Holdings Ltd. has entered a multi-phase strategic cooperation agreement with Zeda Korea Ltd. to develop AI-based collision reduction and road safety solutions [1][2] Group 1: Collaboration Details - The collaboration aims to design, develop, and commercialize advanced AI-based solutions for integration into Zeda Korea's vehicle fleet and broader road safety applications [2] - The project will utilize Foresight's dual stereoscopic camera systems, which combine visible-light and thermal infrared cameras to monitor road lanes and detect hazardous situations [3] Group 2: Technology and Benefits - The AI system enhances situational awareness by segmenting road boundaries and contours in real time, significantly reducing collision risks and unauthorized vehicle entry into restricted areas [3] - The technology provides added protection for road workers and drivers, particularly in harsh weather and low-visibility conditions [3] Group 3: Market Expansion - This collaboration supports Foresight's expansion in South Korea, building on previous project activities in Japan, and aims to accelerate commercialization and strengthen its regional footprint in road safety solutions [4] Group 4: About Zeda Korea - Zeda Korea is a leading manufacturer of special-purpose vehicles, specializing in advanced road safety and infrastructure maintenance vehicles, with a global engineering and sales network [5][6] - The company focuses on safety, durability, and customization, contributing to safer roads and efficient infrastructure worldwide [7] Group 5: About Foresight - Foresight develops smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries, targeting various markets including automotive and defense [8][9]
Foresight Expands Road Safety Product Outreach in South Korea with a Strategic Cooperation Agreement