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NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Successful Large-Scale Trial of Eye-Net Mobile’s Cellular-Based Accident Prevention Solution

Company: Foresight Autonomous Holdings Ltd. (FRSX)
Category: News

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., completed a successful large-scale trial of its Eye-Net(TM) cellular-based accident prevention solution, meeting all predefined criteria for its success. According to the update, more than 8,500 users from across Israel and abroad participated in the trial that demonstrated the technological proof of concept of the Eye-Net solution. The large-scale trial marked an important milestone for the company as it transitions from technology to product and commercialization. “This complex, first of its kind, large-scale trial was conducted after a development period of two and a half years and approximately 15 man-years. The success of this trial is a major achievement for Eye-Net Mobile,” Foresight CEO Haim Siboni said in the news release. “By successfully predicting collisions beyond line of sight and extending the protection of current systems, Eye-Net proved its ability to prevent accidents and save lives.”

To view the full press release, visit http://nnw.fm/RB8Xy

About Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., founded in 2015, is 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. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company 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

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