Eye-Net Mobile Ltd.
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Foresight: Eye-Net, Renault Group and Orange Achieved Excellent Results in Large-Scale Live Public Transportation Project in France
Globenewswire· 2026-02-09 13:50
Core Insights - Foresight Autonomous Holdings Ltd. announced successful completion of a large-scale live trial for the SafeCycloMove "Collision Prevention" project in Bordeaux, France, in collaboration with Renault Group and Orange S.A. [1] - The trial demonstrated positive technical performance, confirming the readiness of Eye-Net's vehicle-to-everything (V2X) collision-prevention technology in a public transportation environment [2][4] - The results of the trial have initiated ongoing commercial discussions for further implementation and commercialization of the technology [3] Company Overview - Eye-Net Mobile Ltd., a majority-owned subsidiary of Foresight, develops next-generation V2X collision prevention solutions aimed at enhancing road safety and situational awareness for urban mobility [5] - Foresight Autonomous Holdings Ltd. focuses on advanced 3D perception systems and cellular-based applications, with subsidiaries including Foresight Automotive Ltd. and Eye-Net Mobile Ltd. [7][8] Trial Details - The trial involved integration of Eye-Net's software development kit into multiple applications, facilitating real-time data exchange between buses and cyclists to prevent collisions [3] - Key performance metrics evaluated during the trial included positioning accuracy, ultra-low latency, stable real-time communication, and scalability under heavy load [2][4]
Foresight: Eye-Net and SoftBank Advance Strategic V2X Collaboration in Japan to Boost Road Safety
Globenewswire· 2026-01-27 13:55
Core Viewpoint - Foresight Autonomous Holdings Ltd. is advancing its collaboration with SoftBank Corp. to validate Eye-Net's V2X collision prediction and prevention technology, aiming to enhance road safety and operational efficiency through real-time location information exchange among road users [1][2][3] Group 1: Collaboration Details - The collaboration builds on positive results from a previous proof-of-concept project with SoftBank, focusing on tailoring the solution to meet SoftBank's specific needs and evaluating its potential for new market introductions [2] - The initiative emphasizes a shared commitment to accelerating the deployment of connected mobility solutions, which is expected to improve situational awareness and reduce traffic-related incidents in Japan and beyond [3] Group 2: Company Overview - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety and situational awareness for all road users in urban environments, utilizing advanced AI technology and existing cellular networks for real-time pre-collision alerts [4] - Foresight Autonomous Holdings Ltd. is a technology company focused on developing advanced 3D perception and cellular-based applications through its subsidiaries, including Eye-Net Mobile Ltd., which specializes in both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [6][7]
Foresight: Eye-Net and SoftBank Corp. Advance Strategic Collaboration in Japan
Globenewswire· 2026-01-20 13:55
Core Viewpoint - Foresight Autonomous Holdings Ltd. is advancing its collaboration with SoftBank Corp. to validate Eye-Net's V2X collision prediction and prevention technology, aiming to enhance road safety and operational efficiency through real-time location information exchange among road users [1][2][3] Group 1: Collaboration Details - The collaboration builds on positive results from a previous proof-of-concept project with SoftBank, focusing on tailoring the solution to meet SoftBank's specific needs and evaluating its potential for new market introductions [2] - The initiative emphasizes a shared commitment to accelerate the deployment of connected mobility solutions, which is expected to improve situational awareness and reduce traffic-related incidents in Japan and beyond [3] Group 2: Company Overview - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems, utilizing AI technology and existing cellular networks to provide real-time pre-collision alerts to road users [4] - Foresight Autonomous Holdings Ltd. is a technology company specializing in advanced 3D perception and cellular-based applications, with subsidiaries focused on both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [6][7]
Foresight: Eye-Net to Showcase its Innovative V2X Collision Prevention Technology at CES 2026 in Las Vegas
Globenewswire· 2026-01-07 13:08
Core Viewpoint - Foresight Autonomous Holdings Ltd. announces its subsidiary Eye-Net Mobile Ltd. will showcase its V2X collision prevention technology at CES 2026, emphasizing its capability to protect vulnerable road users in connected and autonomous mobility [1][3]. Group 1: Technology Overview - Eye-Net's V2X collision prevention technology utilizes existing cellular infrastructure for real-time communication between vehicles and vulnerable road users, such as pedestrians and cyclists [2]. - The technology addresses a critical safety issue by providing early alerts for collisions that occur beyond the line-of-sight, enhancing the safety of both vehicles and vulnerable users [2][3]. Group 2: Company Mission and Market Position - Eye-Net aims to lead a global transformation in road safety by connecting all road users, regardless of their mode of transport, and claims to offer the only commercially available solution for beyond line-of-sight collision prevention [3]. - The technology serves as a "virtual sensor" that complements existing automotive safety systems, thereby providing an essential layer of safety for next-generation mobility and autonomous driving [3]. Group 3: Event Participation - Eye-Net will be featured in the Israel Pavilion at CES 2026, inviting visitors to engage with the team at booth 6559 from January 6-9, 2026 [3]. Group 4: Company Background - Foresight Autonomous Holdings Ltd. develops advanced 3D perception systems and cellular-based applications through its subsidiaries, focusing on both in-line-of-sight and beyond-line-of-sight accident prevention solutions [7][8]. - The company's technology is applicable across various markets, including automotive, defense, and agriculture, showcasing its versatility and potential for broad impact [8].
Foresight: Eye-Net Receives $3 Million Investment Reflecting $55 Million Valuation
Globenewswire· 2025-12-04 12:50
Core Points - Foresight Autonomous Holdings Ltd. and its subsidiary Eye-Net Mobile Ltd. have secured a $3 million investment based on a pre-money valuation of $55 million for Eye-Net [1][2] - The investment represents approximately 5.17% of Eye-Net's ordinary shares, with antidilution protections for investors in case of a down round within a year, subject to a floor valuation of $30 million [2] - Foresight will issue Series A and Series C Warrants for American Depositary Shares (ADSs) at specified exercise prices, with a total of up to 2,751,152 ADSs available for purchase [3] Financial Details - The gross proceeds from the investment amount to $3 million before any deductions for fees and expenses [1] - The Series A Warrants have an exercise price of $0.02 per ADS, while the Series C Warrants have an exercise price of $2.7125 per ADS [3] - The exercise price of Series B Warrants has been repriced from $6.0375 to $2.7125 per ADS [3] Use of Proceeds - Eye-Net intends to utilize the net proceeds from this offering for working capital and general corporate purposes [4] Company Overview - Eye-Net develops advanced V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety through AI technology and real-time alerts [7] - Foresight Autonomous Holdings Ltd. focuses on developing 3D perception systems and cellular-based applications across various markets, including automotive and defense [9][10]
Foresight: Toyota, SoftBank and Eye-Net Collaborate on Published Hazard Avoidance Brake Control System Study
Globenewswire· 2025-07-18 11:56
Core Insights - The research paper presented by Toyota at the 2025 JSAE Annual Spring Congress discusses the potential of vehicle-to-network (V2N) technology to enhance Advanced Driver Assistance Systems (ADAS) by overcoming limitations of in-vehicle sensors [1][2][3] Group 1: V2N Technology and ADAS - The study explores how V2N technology can improve ADAS by addressing the inability of in-vehicle sensors to detect hazards in non-line-of-sight scenarios [2][3] - Smartphones are proposed as external sensors to enhance hazard detection through V2N communication, focusing on factors like communication latency, tracking accuracy, and positioning precision in urban environments [2][3] Group 2: Safety and Market Opportunities - The research highlights the strong potential of V2N technology to enhance vehicle safety and unlock new market opportunities, while emphasizing the need for advancements in positioning accuracy and viable business models for commercial adoption [3][4] - Eye-Net's V2X technology is crucial in this study, allowing smartphones to communicate hazard information to vehicles, thereby extending detection capabilities beyond in-vehicle sensors [4][5] Group 3: Company Background - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety and situational awareness for all road users [5][7] - Foresight Autonomous Holdings Ltd. focuses on advanced 3D perception systems and cellular-based applications, developing both in-line-of-sight and beyond-line-of-sight accident-prevention solutions [7][8]
Foresight: Eye-Net and Leading European Vehicle Manufacturer Successfully Advance Vehicle Safety with First-Phase Testing
Globenewswire· 2025-07-07 12:07
Core Insights - The POC project aims to integrate Eye-Net's V2X technology into the safety systems of a leading European vehicle manufacturer, enhancing situational awareness for vehicles and vulnerable road users [1][2] - The first phase of the POC successfully validated the performance and compatibility of Eye-Net's technology, demonstrating seamless communication between the vehicle and nearby road users [2][3] - Future phases will focus on customizing Eye-Net's technology for specific needs of the vehicle manufacturer and integrating it into the vehicle's display system [3] Company Overview - Foresight Autonomous Holdings Ltd. is a technology company specializing in advanced 3D perception systems and cellular-based applications, with a focus on automotive safety and situational awareness [6][7] - Eye-Net Mobile Ltd., a wholly-owned subsidiary of Foresight, develops next-generation V2X collision prevention solutions leveraging AI technology and existing cellular networks [4][6] - Foresight's 3D perception systems are applicable across various markets, including automotive, defense, and autonomous driving [7]
Foresight Announces Fourth Quarter and Full Year 2024 Financial Results
Globenewswire· 2025-03-24 20:10
Core Viewpoint - Foresight Autonomous Holdings Ltd. reported its financial results for the fourth quarter and full year ended December 31, 2024, highlighting a significant reduction in net losses and strategic advancements in 3D perception technology across various industries [1][3][5]. Financial Performance - For the year ended December 31, 2024, Foresight generated revenues of $436,000, a decrease of 12.3% from $497,000 in 2023 [2][10]. - The company reported a GAAP net loss of $11.1 million for 2024, a 39.5% decrease from a net loss of $18.4 million in 2023 [3][10]. - In the fourth quarter of 2024, revenues decreased by 26.8% to $101,000 compared to $138,000 in the same quarter of 2023 [7][10]. - The GAAP net loss for the fourth quarter of 2024 was $3.1 million, down from $3.6 million in the fourth quarter of 2023 [4][14]. Strategic Developments - Foresight launched six advanced stereoscopic sensor kits aimed at enhancing 3D perception in various sectors, including industrial automation and autonomous mobility [8]. - The company secured a commercial cooperation agreement with KONEC Co. Ltd. in South Korea, projecting sales of $1.5 million by 2027 and potential revenues of $7 million by 2029 [6]. - Foresight entered a multi-phase collaboration with Tata Elxsi Limited to develop advanced driver assistance systems (ADAS) and autonomous vehicle solutions, initially targeting the Indian market [6]. Market Position and Future Outlook - The company anticipates substantial revenue opportunities from its collaboration with KONEC and other strategic partnerships, reinforcing its leadership in 3D perception technology [5][6]. - Foresight's alignment with expected U.S. regulatory support for autonomous vehicles is seen as a significant factor in its long-term growth potential [5][8]. - Eye-Net Mobile, a subsidiary of Foresight, is advancing its vehicle-to-everything (V2X) collision prevention solution in Europe, enhancing urban mobility and road safety [5][8].
Foresight Announces Fourth Quarter and Full Year 2024 Financial Results
Newsfilter· 2025-03-24 20:10
Core Insights - Foresight Autonomous Holdings Ltd. reported a GAAP net loss of $11.1 million for the year ended December 31, 2024, a 39.5% decrease from the previous year's loss of $18.4 million, indicating improved financial performance [3][10] - The company secured $4.75 million in financing in 2025, enhancing its financial position [2] - Foresight launched six advanced stereoscopic sensor kits aimed at various applications in industrial automation and autonomous mobility [8] Financial Performance - Total revenues for the year ended December 31, 2024, were $436,000, a decrease of 12.3% from $497,000 in 2023 [10] - For the fourth quarter of 2024, revenues decreased by 26.8% to $101,000 compared to $138,000 in the same quarter of 2023 [7][10] - Research and development expenses for the full year 2024 were $9.1 million, down 21.1% from $11.6 million in 2023 [10] - General and administrative expenses for the full year 2024 were $2.7 million, a decrease of 14.2% from $3.1 million in 2023 [10] Strategic Developments - Foresight signed a commercial cooperation agreement with KONEC Co. Ltd. to distribute its 3D perception solutions, with projected sales of $1.5 million by 2027 and potential revenues of $7 million by 2029 [6] - The company is collaborating with Tata Elxsi Limited to develop advanced driver assistance systems and autonomous vehicle solutions, initially targeting the Indian market [6] - Eye-Net Mobile, a subsidiary of Foresight, is advancing its V2X collision prevention solution in Europe through an agreement with Software République [5][6] Technological Advancements - The company launched six advanced stereoscopic sensor kits designed for various sectors, enhancing 3D perception capabilities [8] - Foresight's technology aligns with expected U.S. regulatory support for autonomous vehicles, potentially creating new opportunities for its products [8] - The collaboration with Bumhan Motors Ltd. aims to develop advanced 3D perception solutions for autonomous electric buses, with projected sales of 200 units in 2025 [6]
Foresight: Eye-Net Passes Euro NCAP Validation for its Cellular-Based V2X Solution
Globenewswire· 2025-03-07 13:20
Core Insights - Eye-Net Mobile Ltd. has achieved Euro NCAP compliance validation for its cellular-based V2X safety solution, enabling market expansion in Europe following successful testing by UTAC [1][3] Group 1: Compliance and Testing - The compliance validation was based on rigorous field tests that demonstrated a 100% success rate in preventing collisions using Eye-Net's V2X technology [2] - The tests involved an autonomous vehicle and automated validation platforms, simulating real-world collision scenarios with alert timing variations of less than 20 milliseconds [2] Group 2: Market Positioning - The successful compliance testing is viewed as a significant milestone in Eye-Net's collaboration with Software République, enhancing its positioning for market deployment in France and broader European adoption [3] - Eye-Net's digital safety services are aimed at connected vehicles and smart cities, indicating a strategic focus on advanced mobility solutions [3]