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Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Receives First Order for Breakthrough QuadSight™ Technology Product

  • Receives first QuadSight™ prototype order from truck division of a large European vehicle manufacturer
  • QuadSight™ system uses two pairs of stereoscopic infrared and daylight cameras that exceed a human driver’s ability to see, regardless of weather or lighting conditions
  • QuadSight™, Eyes-On™ and Eye-Net™ are accident prevention products revolutionizing the safety and dependability of driver assistance and automated vehicle technology

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry, recently received its first order for its breakthrough QuadSight™ prototype (http://nnw.fm/hXF4o). A truck division of a large European vehicle manufacturer ordered the system to evaluate the prototype and its performance on the manufacturer’s trucks. FRSX is confident that the sales of QuadSight™ prototypes will strengthen relations with potential customers and lead to large orders of the QuadSight vision system for mass production.

The QuadSight™ system demo was launched last January at the CES show in Las Vegas. Based on 3D video analysis, advanced algorithms for image processing and sensor fusion, QuadSight™ uses four-camera technology combining two pairs of stereoscopic infrared and daylight cameras. Stereoscopic cameras provide a level of accuracy that exceeds a human driver’s ability to see in real-time by using synchronized cameras, along with advanced algorithms for image processing and sensor fusion, to mimic 3D human depth perception. The company’s proprietary stereoscopic system is derived from major shareholder Magna B.S.P.’s field-proven technology, which has been deployed worldwide for almost two decades. QuadSight™ offers exceptional obstacle detection for semi-autonomous and autonomous vehicle safety with near-100 percent obstacle detection and near-zero false alerts, regardless of weather or lighting. FSRX believes that its vision systems will revolutionize automotive safety with its cost-effective platform and advanced technology.

QuadSight™ is one of three accident prevention products offered by FRSX. Eyes-On™, an advanced ADAS system, provides lane departure warning and traffic sign recognition, and it scans the road for any obstacles, including vehicles, pedestrians, cyclists or any other possible hazard. It can detect at long-range and high speeds, identifying smaller objects than comparable systems on the market.

Eye-Net™ is a cellular-based V2X (vehicle to everything) accident prevention solution. It identifies possible oncoming collisions before those involved are even able to see each other. Eye-Net™ is designed to provide a complementary layer of protection for both vehicles and pedestrians beyond traditional ADAS, and it runs as a background process on iOS and Android-based mobile phones, eliminating the need for designated hardware.

FSRX is positioned for growth as it perfects its unique line of automotive vision systems.  QuadSight™, Eyes-On™ and Eye-Net™ are revolutionizing the safety and dependability of driver assistance and automated vehicle technology.

For more information, visit the company’s website at www.ForesightAuto.com

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