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Foresight Autonomous Holdings Ltd. American Depositary Shares - FRSX STOCK NEWS

Welcome to our dedicated page for Foresight Autonomous Holdings Ltd. American Depositary Shares news (Ticker: FRSX), a resource for investors and traders seeking the latest updates and insights on Foresight Autonomous Holdings Ltd. American Depositary Shares stock.

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), established in July 2015, is a pioneering technology company focused on the automotive industry. Through its wholly-owned subsidiary, Foresight Automotive Ltd., the company is dedicated to the design, development, and commercialization of advanced vision systems. These systems play a critical role in enhancing driving safety by utilizing stereo and quad camera technologies.

Foresight's innovative solutions are built on a foundation of stereoscopic technology, which has been field-proven for nearly two decades. The company's patented technology integrates 3D video analysis and sophisticated image processing algorithms to accurately detect potential collisions with vehicles, pedestrians, cyclists, and other road obstacles. This advanced system provides real-time alerts with minimal false positives, significantly improving road safety.

Foresight offers a variety of solutions tailored for the modern automotive industry, including both in-line-of-sight and beyond-line-of-sight applications. These solutions deploy either a two-camera setup for visible light conditions or a four-camera system to handle more complex scenarios. The company is actively pursuing numerous markets and partnerships to bring its cutting-edge technology to a broader audience.

Recent developments and achievements highlight Foresight's commitment to innovation and market growth. The company continues to make strides in financial stability and operational excellence. Their corporate highlights for the first quarter of 2024 showcased steady progress, with key updates on both financial results and strategic initiatives.

Foresight's vision systems are poised to revolutionize automotive safety, offering a cost-effective, reliable, and highly accurate platform that meets the stringent demands of the industry. The company remains dedicated to pushing the boundaries of what's possible in vehicle vision technology.

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Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has signed a commercial cooperation agreement with a leading Indian drone manufacturer that supplies to the Indian Ministry of Defense. The partnership aims to integrate Foresight's 3D perception solutions into autonomous drone platforms, with projected revenue potential of up to $2.5 million by 2026 and $16 million by 2029.

The collaboration, announced on January 13, 2025, will initially focus on enhancing drone performance in challenging environments like dense smoke, poor lighting, and high temperatures. The drones will be equipped with real-time human detection capabilities and spatial positioning information. The project will first target the Indian defense market before considering global expansion through manufacturing, marketing, and distribution efforts.

Foresight's stereoscopic long-wave infrared technology solution is specifically designed for robust drone operations, particularly in challenging conditions like fire-related smoke.

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Foresight Autonomous Holdings (FRSX) announced that its subsidiary, Eye-Net Mobile, successfully passed rigorous field tests conducted by UTAC, a French vehicle testing organization, under Euro NCAP regulations. The validation was part of Eye-Net's collaboration with Software République to deploy its digital services in France.

The tests evaluated Eye-Net's cellular vehicle-to-everything (V2X) technology using an autonomous vehicle and automated validation platforms. The system achieved a 100% success rate in simulated collision scenarios, consistently triggering the autonomous vehicle's emergency braking system with alert timing variations of less than 20 milliseconds.

According to Eye-Net's CEO Dror Elbaz, UTAC's validation marks a significant milestone that could facilitate expansion into the automotive market and create opportunities for partnerships with automotive manufacturers and suppliers.

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Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has achieved a significant milestone by delivering its first batch of ScaleCam™ systems to SUNWAY-AI Technology in China. The systems will be integrated into SUNWAY's production line of autonomous logistics and robotic vehicles, following their joint development and supply agreement announced on July 8, 2024.

The ScaleCam systems will provide SUNWAY's unmanned material handling vehicles and autonomous robotic carts with full autonomous driving capabilities through advanced 3D perception technology. This successful delivery demonstrates Foresight's robust manufacturing process and efficient supply chain management, positioning the company for rapid production and commercial ramp-up in the autonomous logistics and robotics sector.

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Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has signed a commercial cooperation agreement with a leading Indian drone manufacturer that supplies the Indian Ministry of Defense. The agreement focuses on integrating Foresight's 3D perception technology into autonomous drone platforms, with potential revenue of up to $2.5 million by 2026 and up to $16 million by 2029.

The collaboration initially aims to enhance drone performance in challenging environments like dense smoke, poor lighting, and high temperatures, enabling human detection and real-time spatial positioning. The project will first target the Indian defense market before considering global expansion through manufacturing, marketing, and distribution efforts.

Foresight's solution uses stereoscopic long-wave infrared technology, specifically designed for robust performance in challenging conditions. This partnership represents a strategic expansion of Foresight's 3D perception technology across various autonomous vehicle markets.

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Foresight Autonomous Holdings (FRSX) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company, which was notified of non-compliance on September 3, 2024, due to its American Depositary Shares (ADSs) failing to maintain a closing bid price of $1.00 or more for 30 consecutive business days, has now met the compliance criteria.

From December 20, 2024, through January 6, 2025, the company's ADSs maintained a closing bid price of $1.00 or higher for more than the required 10 consecutive trading days. This achievement has resolved the previous non-compliance issue with Nasdaq Listing Rule 5550(a)(2), ensuring continued listing on The Nasdaq Capital Market.

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Foresight Autonomous Holdings (Nasdaq: FRSX) has signed a commercial cooperation agreement with KONEC, a leading South Korean Tier-One automotive supplier, to distribute advanced 3D perception solutions in South Korea. The deal, initially announced on December 9, 2024, forecasts commercial sales of $1.5 million by 2027, potentially growing to $7 million by 2029.

KONEC will exclusively distribute Foresight's technology in South Korea, targeting original equipment manufacturers and business partners. The agreement follows a successful co-development project with KONEC, sponsored by Hyundai's Foundation. The companies are considering establishing a 50-50 joint venture in South Korea, including a manufacturing facility for advanced solutions.

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Foresight Autonomous Holdings (FRSX) announced that its subsidiary, Eye-Net Mobile, has entered into a multi-phase agreement with SoftBank and a leading Japanese vehicle manufacturer to evaluate Eye-Net's cellular vehicle-to-everything (C-V2X) technology. The collaboration involves a paid proof of concept (POC) project utilizing SoftBank's cellular network infrastructure.

The project will progress through multiple phases: first evaluating the Eye-Net™ Sense demonstration kit in standalone mode, potentially followed by integration into the manufacturer's infotainment systems, and finally possible integration into advanced driver assistance systems for full commercial deployment in vehicles. The initiative focuses on implementing Eye-Net's non-line-of-sight collision avoidance solution to enhance road safety.

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Foresight Autonomous Holdings (NASDAQ: FRSX) has signed a commercial cooperation agreement with KONEC, a South Korean Tier-One automotive supplier, to distribute advanced 3D perception solutions in South Korea. The agreement targets integration into various sectors including passenger vehicles, commercial vehicles, autonomous logistics, and heavy machinery.

KONEC forecasts commercial sales of $1.5 million by 2027, with projected revenues growing up to $7 million by 2029. The agreement grants KONEC exclusive distribution rights in South Korea, subject to meeting sales targets. The companies are also considering establishing a 50-50 joint venture in South Korea to facilitate business cooperation and potentially set up a manufacturing facility.

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Foresight Autonomous Holdings (FRSX) has signed a multi-phase collaboration agreement with Bumhan Motors, a South Korean electric bus manufacturer, to develop advanced 3D perception solutions for autonomous electric buses. The partnership follows a successful proof-of-concept project demonstrating Foresight's technology effectiveness.

The initial phase focuses on improving operational safety and vision accuracy of Bumhan's electric buses, with plans to expand into semi- and fully autonomous commercial vehicles. The parties aim to finalize a commercial agreement by Q1 2025. Bumhan projects sales of 200 electric buses in 2025, targeting 3,000 units annually by 2029.

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Foresight Autonomous Holdings (NASDAQ: FRSX) has signed a three-way strategic cooperation agreement with South Korean companies 7meerkat and KONEC to develop and commercialize AI-powered smart parking solutions. The collaboration follows a successful proof-of-concept project and will integrate Foresight's 3D perception technology with 7meerkat's parking management systems, while KONEC will lead market promotion.

The solutions will feature AI-driven vehicle identification, license plate recognition, and monitoring capabilities for electric vehicles and vehicle conditions. The parties aim to finalize a commercial agreement by the end of Q1 2025. The technology combines visible-light and thermal infrared cameras to enhance urban parking efficiency and user experience, particularly in harsh weather and low-light conditions.

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FAQ

What is the current stock price of Foresight Autonomous Holdings Ltd. American Depositary Shares (FRSX)?

The current stock price of Foresight Autonomous Holdings Ltd. American Depositary Shares (FRSX) is $1.26 as of January 22, 2025.

What is the market cap of Foresight Autonomous Holdings Ltd. American Depositary Shares (FRSX)?

The market cap of Foresight Autonomous Holdings Ltd. American Depositary Shares (FRSX) is approximately 18.9M.

What does Foresight Autonomous Holdings Ltd. do?

Foresight Autonomous Holdings Ltd. designs, develops, and commercializes advanced vision systems for the automotive industry to enhance driving safety.

What technology does Foresight use in its vision systems?

Foresight employs stereoscopic technology, integrating 3D video analysis and advanced image processing algorithms for accurate threat detection.

How do Foresight's vision systems improve driving safety?

The systems detect potential collisions in real-time with high accuracy and minimal false alerts, enhancing overall road safety.

What types of vision systems does Foresight offer?

Foresight offers both in-line-of-sight and beyond-line-of-sight vision systems, using either a two-camera or four-camera setup depending on the application.

What are some recent achievements of Foresight Autonomous Holdings Ltd.?

Recent achievements include financial stability and advancements in their vision technology, as showcased in their first quarter 2024 corporate highlights.

What markets is Foresight targeting with its technology?

Foresight is pursuing various markets within the automotive industry, aiming to bring their innovative vision systems to a broader audience.

How long has Foresight's stereoscopic technology been in use?

Foresight's stereoscopic technology is derived from field-proven systems that have been deployed worldwide for almost two decades.

What are the key features of Foresight's vision systems?

Key features include 3D image analysis, sensor fusion, advanced algorithms, and highly accurate real-time alerts with minimal false positives.

How does Foresight's technology handle different lighting conditions?

Foresight's vision systems can operate using a two-camera setup for visible light or a more complex four-camera system for various lighting conditions.

Who can benefit from Foresight's vision systems?

Automotive manufacturers, industry partners, and ultimately, drivers benefit from Foresight's advanced vision systems by enhancing vehicle safety.
Foresight Autonomous Holdings Ltd. American Depositary Shares

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