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.
The full report can be viewed at http://ibn.fm/AjESX
To view the full press release, visit http://ibn.fm/KfWiW
About Foresight
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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