Automotive technology company Foresight Autonomous Holdings
Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has been
selected as a finalist in the New Mobility World (NMW) Lab18 Startup Challenge.
Per the update, Foresight was selected from a pool of more than 100 applicants
spanning 29 countries to reach the final round. “It is a great honor to make
the finals list at this year’s NMW Lab18 Startup Challenge,” Haim Siboni, CEO
of Foresight, stated in the news release. “This achievement recognizes that Foresight’s
breakthrough QuadSight™ system has an important role in shaping the future of
the automotive industry. We believe that there is a perfect fit between
Foresight’s technological solutions and the specific needs of the semi and
fully autonomous vehicles markets.” The NMW Lab18 Startup Challenge is
scheduled to take place in September at the IAA Commercial Vehicles in Hanover,
Germany. The NMW interdisciplinary platform is directed toward innovators in
the transport and mobility sector and brings together the most important
players from all sectors focused on developing new solutions, technologies or
products for the mobility of tomorrow.
To view the full press release, visit http://ibn.fm/P4T3L
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
