NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) and RH Electronics Ltd. Form Strategic Alliance
Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced its entry into a non-binding development and investment agreement with RH Electronics Ltd., a primary contractor in the assembly and manufacture of electronic systems. Under the agreement, RH will engage directly and/or through its approved contractor, Tonson Labs, to develop chip-based FPGA and ASIC solutions for Foresight’s four-camera vision system, QuadSight, in a multi-phase project. According to the update, RH will lay the infrastructure for an FPGA-board platform in the initial phase of the project; it intends to proceed with the development and manufacture of an…