NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Completes Successful Demonstrations for Leading US Vehicle Manufacturers and Suppliers
Jul 8, 2019
Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced its successful completion of a series of technological demonstrations of its QuadSight vision system in the United States for five leading vehicle manufacturers (“OEMs”) and six Tier One suppliers. According to the update, the series was carried out in the Silicon Valley area and in Detroit, building on recent successful technological roadshows in Japan and France. FLIR Systems, a world-leading industrial technology company focused on intelligent sensing solutions, assisted with the series of demonstrations, with Foresight presenting its QuadSight vision system at FLIR’s booth at the Autonomous Vehicle Sensors Conference in San Jose, California. After witnessing outstanding demonstrated performance, multiple American OEMs and Tier One suppliers have expressed interest in purchasing QuadSight system prototypes for further evaluation.
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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
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