Automotive technology company Foresight Autonomous Holdings
(NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has secured an
additional sale of a prototype of its breakthrough QuadSight™ quad-camera
vision system. The truck division of one of Europe’s largest vehicle
manufacturers ordered the stereoscopic technology system, marking the second
sale of QuadSight™ prototype to a leading European original equipment
manufacturer (“OEM”). Revenue from the sale is anticipated to total tens of
thousands of dollars. “This is the third order from different automotive
manufacturers Foresight has received over the last 3 months, showing the
industry’s interest in the company’s revolutionary technology,” Foresight CEO
Haim Siboni stated in the news release. “In addition, it proves that the
industry has a strong need for an all-weather and lighting conditions vision
system for semi and fully autonomous vehicles.”
To view the full press release, visit http://ibn.fm/HJYbF
About Foresight Autonomous Holdings Ltd.
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 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
About MissionIRNewsBreaks
MissionIRNewsBreaks provide
a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by
our Team of professional journalists that keep a constant eye on the markets,
these posts are designed to inform you on the latest happenings of our clients
and other publicly traded companies on our radar. From earnings, acquisitions
and agreements to conference attendance and clinical study results, our news breaks
keep you up-to-date with the day’s top movers. MissionIR is primarily focused
on strategic communications. We have executed countless communications programs
to address the needs of companies ranging from start-ups to established
industry leaders, gaining valuable experience and the expertise necessary to
determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
