Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, is working with a leading American manufacturer of electric vehicles (“EVs”) through a paid joint proof of concept (“POC”). The company announced the agreement, noting that the project included the technological evaluation and testing of predefined scenarios. According to the announcement, Foresight will use the manufacturer’s existing pair of mono cameras mounted on a large baseline to demonstrate its ability to create 3D stereo perception with software only. FRSX offers a proprietary ScaleCam(TM) separated stereo camera solution that enables manufacturers to place cameras on a large baseline, resulting in increased distance accuracy at long ranges while also allowing detection of any type of obstacles and improved safety and robustness of the manufacturer’s driver assistance system. Foresight also announced that it will host an investor conference; that event is slated to begin at 9:15 a.m. on Sept. 14, 2022, and will be held in Tel Aviv. During the conference, senior members of the Foresight management team will discuss the company’s recent activities, review trends in the defense market and summarize progress in the developing Chinese market as well as present business and technological developments at its wholly owned subsidiary, Eye-Net Mobile. “We are delighted to collaborate with a major player from the EV industry who chose to evaluate the potential of our software to improve the company’s existing safety systems using a software-only solution,” said Foresight CEO Haim Siboni in the press release. “We believe that our cost-effective advanced stereo-vision technology may be beneficial to electric vehicle manufacturers as they develop more advanced autonomous capabilities, resulting in better distance accuracy and improved active safety features, contributing to a greener and safer future.”
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About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings is a technology company developing smart multispectral vision software solutions and cellular-based applications. Through the company’s wholly owned subsidiaries — Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd. — Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (“3D”) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time, pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information, visit the company’s website at www.ForesightAuto.com.
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