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NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Subsidiary, Eye-Net, Partners with Japanese Vehicle Manufacturer for Pilot Project

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

Foresight Autonomous (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., is working with the intelligent transport system division of a multibillion-dollar global Japanese vehicle manufacturer to test the Eye-Net(TM) Protect cellular-based V2X (vehicle-to-everything) (“V2X”) accident-prevention solution. The pilot test project is designed to analyze and validate the software development kit (“SDK”) configuration of the Eye-Net solution for possible addition into a smart city project conducted by the vehicle manufacturer. The recently announced pilot test project follows Eye-Net’s August 2020 announcements regarding two additional pilot projects. Eye-Net is partnering with leading global Japanese technology and electronics companies for those projects. Eye-Net Mobile is focused on one geographic region in order to achieve a critical mass of Eye-Net Protect users in a defined area to maximize the potential to prevent road accidents and save lives. “This first pilot with a top global vehicle manufacturer opens a new market for Eye-Net Mobile and demonstrates a need in the automotive industry for a readily available, software-based solution that provides real-time pre-collision alerts and enhances the safety of drivers and other vulnerable road users,” said Eye-Net Mobile COO and deputy CEO Dror Elbaz in the press release.

To view the full press release, visit https://www.nnw.fm/q9UnT

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) (“V2X”) 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

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