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NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Subsidiary to Conduct Five Day Trial of Cellular-Based Accident Prevention Solution

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

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) today announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., will conduct a large-scale trial of its Eye-Net(TM) cellular-based accident prevention solution for the first time. The five-day trial is set to take place in Israel from July 24th until July 29th, 2019. The trial represents a key milestone for Eye-Net as it evolves from technology to product. Thousands of users are anticipated to participate in the trial, which is open to the general public and is limited to the first 30,000 enrolled participants. A trade-in company of leading car importers in Israel, two leading global and local car rental and leasing groups and an Israeli provider of towing and roadside assistance services have all expressed their willingness to participate in the trial. The Eye-Net(TM) application is available for download on Google Play and the App Store.

To view the full press release, visit http://nnw.fm/3asBO

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.

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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