Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, will partner with a University of Michigan 2021 startup cohort, TechLab at Mcity, to further develop its automotive vision system designed for Advanced Driver Assistance Systems (“ADAS”) and autonomous vehicles. The one-year partnership program entails FRSX collaborating with a group of students from technical departments at the University of Michigan; the group, which will be mentored by Foresight’s head of algorithm and leading team members, is concentrating on the development, demonstration and deployment of key autonomous vehicle technologies. As part of the program, Foresight will have access to a test facility, where the company can run short-cycle demonstrations for local prospects. “We are thrilled to join TechLab at Mcity and to have access to a leading mobility research and test facility,” said Foresight CEO Haim Siboni in the press release. “We are hopeful that collaboration with TechLab at Mcity will enhance Foresight’s vision system capabilities to achieve outstanding performance in any lighting and harsh weather conditions, reduce the rate of road accidents and save lives.”
To view the full press release, visit https://nnw.fm/2Wnr7
About Foresight Autonomous Holdings Ltd.
Founded in 2015, Foresight is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing and sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident-prevention solution based on real-time spatial analysis of clients’ movements. The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the Advanced Driver Assistance Systems (“ADAS”) and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com.
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://nnw.fm/FRSX
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork