Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, is partnering with Elbit Systems Ltd. to commercially deploy FRSX’s cutting-edge software solution to a key customer in the defense industry; plans call for the technology to be installed in fully autonomous defense vehicles. According to the announcement, this agreement is the first time Foresight’s 3D image processing software will be commercially licensed to one of Elbit’s end customers. The Israeli Ministry of Defense has recognized Foresight’s proprietary software as a breakthrough technology. The company noted that its solution will be available to Elbit’s end customers as part of advanced driver assistance systems (“ADAS”) and autonomous platforms of unmanned combat and security ground vehicles for the defense, paramilitary and homeland security sectors. “We are proud to deploy our groundbreaking software to an important defense industry player,” said Foresight CEO Haim Siboni in the press release. “We believe that this first commercial delivery of our software license validates the importance of our technology and its valuable applications for the defense sector. It is a testament to our continuous drive to develop advanced solutions that have operational value and strategic advantages on the battlefield. This successful deployment may open the door to further adoption and additional orders from similar customers.”
To view the full press release, visit https://ibn.fm/4Xe5KI
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings is a technology company developing smart multispectral vision software solutions and cellular-based applications. Through the company’s wholly owned subsidiaries — Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd. — Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight vision solutions include modules of automatic calibration and dense three-dimensional (“3D”) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time, precollision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. 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://ibn.fm/FRSX
About ChineseWire
ChineseWire (“CW”) is a specialized communications platform with a focus on promising China-based companies that are listed in North America. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled recognition and brand awareness. CW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.ChineseWire.com
Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: https://www.ChineseWire.com/Disclaimer
ChineseWire
Los Angeles, CA
www.ChineseWire.com
310.299.1717 Office
Editor@ChineseWire.com
ChineseWire is powered by IBN
