Welcome to our dedicated page for Foresight Autonomous Hldgs news (Ticker: FRSX), a resource for investors and traders seeking the latest updates and insights on Foresight Autonomous Hldgs stock.
Foresight Autonomous Holdings Ltd (FRSX) develops advanced vision systems for automotive safety through stereoscopic imaging and sensor fusion technologies. This news hub provides investors and industry professionals with timely updates on the company's strategic developments, product milestones, and market positioning.
Access consolidated updates on FRSX's patented collision avoidance systems, partnership announcements, and financial disclosures. Our repository includes press releases covering technological advancements in 3D video analysis, licensing agreements with automotive manufacturers, and operational developments within the intelligent transportation sector.
Key content categories include earnings reports, sensor fusion innovations, strategic collaborations, and regulatory updates. Bookmark this page for streamlined tracking of FRSX's progress in delivering reliable automotive-grade vision solutions that minimize false alerts across diverse driving conditions.
Foresight Autonomous Holdings (NASDAQ: FRSX) has signed a non-binding MOU with a leading Indian drone manufacturer for collaboration under the India-Israel Industrial R&D and Technological Innovation Fund (I4F) program. The project aims to develop autonomous industrial inspection drones with visible-light and thermal sensors.
The global drone inspection and monitoring market is projected to grow from $10.5 billion in 2022 to $21.3 billion by 2027, with a CAGR of 15.1%. According to the Indian manufacturer's projections, revenues from the jointly developed technology could reach up to $32 million by 2031.
The parties have applied for $5 million in funding from I4F. The drones will be designed for GPS-denied environments, utilizing AI-based algorithms for autonomous navigation, obstacle detection, and path planning. They will operate in extreme conditions, serving industries such as oil & gas, power generation, mining, and chemical processing.
Foresight Autonomous Holdings (NASDAQ: FRSX), a leader in 3D perception systems, has announced its participation in the upcoming LD Micro Invitational XV event scheduled for April 10, 2025 in New York, NY.
The company will be represented by Eli Yoresh, Chief Financial Officer, and Oren Bar-On, Vice President of Global Operations and Chief Executive Officer of Foresight Changzhou. The executives will be available for one-on-one meetings with interested parties, which can be arranged through LD Micro or by contacting Miri Segal.
Foresight Autonomous Holdings (FRSX) has received a notification from Nasdaq on March 24, 2025, indicating non-compliance with the minimum bid price requirement, as its ADS closing price remained below $1.00 for 30 consecutive business days.
The company has been granted a 180-day compliance period until September 22, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. If unsuccessful, FRSX may qualify for an additional 180-day period, provided it meets other Nasdaq listing requirements.
During this period, Foresight's ADSs will continue trading on the Nasdaq Capital Market while the company monitors the situation and considers options to address the deficiency.
Foresight (NASDAQ: FRSX) reported its Q4 and full year 2024 financial results, showing revenues of $436,000 for 2024 and ending with $7.2M in cash. The company reduced its GAAP net loss by 39.5% to $11.1M in 2024 from $18.4M in 2023.
Key developments include a commercial agreement with KONEC in South Korea, projecting sales of $1.5M by 2027 and potential $7M by 2029, and collaboration with Tata Elxsi for ADAS development. The company launched six new stereoscopic sensor kits and secured partnerships in autonomous tractors and smart mobility.
Q4 2024 showed revenues of $101,000 (down 26.8% YoY) with a GAAP net loss of $3.1M (improved from $3.6M in Q4 2023). The company secured additional $4.75M in financing in early 2025 through sale of Eye-Net Mobile securities.
Foresight Autonomous Holdings (FRSX) has announced the integration of NVIDIA Jetson Orin computing platforms into its 3D perception systems, following a collaboration announced on February 24, 2025. The integration focuses on enhancing autonomous drones and unmanned aerial vehicles (UAV) capabilities.
The implementation includes two key platforms: The NVIDIA Jetson Orin Nano, optimized for compact drones with enhanced AI performance and energy efficiency, and the NVIDIA Jetson AGX Orin, delivering up to 275 trillion operations per second for advanced processing needs.
Foresight's 3D perception systems combine visible light and thermal long-wave infrared cameras, enabling environmental perception in challenging conditions like low-light, heavy fog, and extreme weather. The technology is particularly suited for applications such as search and rescue missions and agriculture monitoring.
Foresight Autonomous Holdings (FRSX) has signed a commercial cooperation agreement with Excava Attachers, a leading Indian Tier-One automotive supplier. The partnership aims to promote Foresight's advanced 3D perception systems across multiple sectors in India, including automotive, off-highway, UAVs, defense, railways, and logistics.
The agreement is expected to generate potential revenues of up to $19.5 million between 2025-2029. Both companies intend to establish a local joint venture in India for manufacturing and sales activities, with Foresight providing technology and know-how while Excava handles manufacturing and sales. Additionally, Excava may consider making a direct strategic investment in Foresight, with terms to be negotiated.
Foresight Autonomous Holdings (NASDAQ: FRSX) announced that its subsidiary Eye-Net Mobile has secured a $2.75 million investment from institutional and private investors, valuing Eye-Net at $45 million pre-money. The investment involves the direct purchase of approximately 5.8% of Eye-Net's ordinary shares.
The deal includes antidilution protections for investors with a floor valuation of $30 million. Foresight will issue two types of warrants: Series A Warrants exercisable at $0.01 per ADS ( to 6,111,111 ADSs) and Series B Warrants at 125% of the closing ADS price. $2.1 million of the investment has been completed, with the remaining balance expected to close around March 13, 2025.
Eye-Net, which develops V2X collision prevention solutions and smart automotive systems, will use the proceeds for working capital and general corporate purposes.
Foresight Autonomous Holdings (FRSX) announced that its subsidiary Eye-Net Mobile has successfully achieved Euro NCAP compliance validation for its cellular-based vehicle-to-everything (V2X) safety solution. The validation follows rigorous field tests conducted by UTAC, a leading French vehicle testing certification body.
The tests utilized an autonomous vehicle and automated validation platforms connected to Eye-Net's solution, simulating real-world collision scenarios. The system achieved a 100% success rate, consistently triggering the autonomous vehicle's emergency braking system with alert timing variations of less than 20 milliseconds.
This validation represents a key milestone in Eye-Net's collaboration with Software République, a European innovation hub for advanced mobility solutions. The successful compliance testing is expected to strengthen Eye-Net's position for market deployment in France and broader European adoption of its digital safety services for connected vehicles and smart cities.
Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has announced the integration of NVIDIA Jetson Orin computing platforms into its 3D perception technologies, focusing on autonomous drones and unmanned aerial vehicles (UAV). The integration includes both the NVIDIA Jetson Orin Nano and Jetson AGX Orin platforms.
The Jetson Orin Nano is optimized for compact drones, offering AI performance while minimizing weight. The Jetson AGX Orin delivers up to 275 trillion operations per second (TOPS), enabling real-time processing and advanced obstacle detection. Foresight's systems, utilizing visible light and thermal long-wave infrared cameras, provide environmental perception in challenging conditions like low-light, heavy fog, and extreme weather.
Foresight Autonomous Holdings (FRSX) has signed a development service agreement with a leading Japanese manufacturer of road traffic and hazard management products through its distributor, Cornes Technologies The collaboration focuses on two main projects:
1. Implementing Foresight's 3D perception system to detect vehicles merging onto highways in real-time, including speed and direction monitoring.
2. Developing advanced products with dual stereoscopic camera systems, combining visible light and thermal infrared cameras mounted on service vehicles to monitor restricted road lanes and provide real-time hazard notifications.
The agreement establishes a framework for future collaborations, with commercial terms to be determined based on specific project requirements. The company expects this partnership to accelerate revenue growth in coming years.
