Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced an additional sale of a prototype of its QuadSight(TM) four-camera vision system, which is targeted for the semi-autonomous and autonomous vehicle market. A leading Japanese tier one automotive supplier ordered the prototype system following its participation in a technological roadshow that took place earlier this year, and revenue from the sale is expected to total tens of thousands of dollars. “This order affirms the importance of our technological roadshow strategy, which offers potential strategic partners the chance to experience our QuadSight system in real time and better understand its outstanding detection capabilities,” Foresight CEO Haim Siboni said in the news release. “I am confident that the successful roadshow in Japan will generate additional orders of prototype systems from vehicle manufacturers and tier one suppliers in the coming months.”
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About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings, founded in 2015, 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’ movement. 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 semi-autonomous and autonomous vehicle markets 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.
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