Development stage technology company Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) is the subject of an updated research note from independent equity research firm JGR Capital. The report focuses on a number of key highlights and milestones achieved by Foresight in recent months. Notably, the company entered into a strategic merger agreement with Tamda for its Eye-Net subsidiary, raised $12.4 million in capital from a private placement and announced the first sale of its QuadSight prototype, as well as memorandums of understanding for sales of its Eyes-On ADAS System.
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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 estimates 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
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