Foresight Partners with Autonomous Drone Manufacturer Generating $16 Million Revenue Potential in India by 2029
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.
Foresight Autonomous Holdings (Nasdaq e TASE: FRSX) ha firmato un accordo di cooperazione commerciale con un importante produttore di droni indiano che fornisce al Ministero della Difesa indiano. L'obiettivo della partnership è integrare le soluzioni di percezione 3D di Foresight nelle piattaforme autonome dei droni, con un potenziale di ricavi previsto fino a 2,5 milioni di dollari entro il 2026 e 16 milioni di dollari entro il 2029.
La collaborazione, annunciata il 13 gennaio 2025, si concentrerà inizialmente sul miglioramento delle prestazioni dei droni in ambienti difficili come fumi densi, scarsa illuminazione e temperature elevate. I droni saranno dotati di capacità di rilevamento umano in tempo reale e informazioni sulla posizione spaziale. Il progetto si dirigerà prima verso il mercato della difesa indiana, prima di considerare un'espansione globale attraverso sforzi di produzione, marketing e distribuzione.
La soluzione tecnologica a infrarossi a onde lunghe stereoscopica di Foresight è progettata specificamente per operazioni robuste dei droni, in particolare in condizioni difficili come il fumo causato da incendi.
Foresight Autonomous Holdings (Nasdaq y TASE: FRSX) ha firmado un acuerdo de cooperación comercial con un destacado fabricante indio de drones que suministra al Ministerio de Defensa de la India. La asociación tiene como objetivo integrar las soluciones de percepción 3D de Foresight en plataformas autónomas de drones, con un potencial de ingresos proyectado de hasta 2.5 millones de dólares para 2026 y 16 millones de dólares para 2029.
La colaboración, anunciada el 13 de enero de 2025, se centrará inicialmente en mejorar el rendimiento de los drones en entornos desafiantes como humo denso, mala iluminación y altas temperaturas. Los drones estarán equipados con capacidades de detección humana en tiempo real e información de posicionamiento espacial. El proyecto se enfocará primero en el mercado de defensa indio antes de considerar la expansión global a través de esfuerzos de fabricación, marketing y distribución.
La solución tecnológica de infrarrojos de onda larga estereoscópica de Foresight está diseñada específicamente para operaciones robustas de drones, particularmente en condiciones desafiantes como el humo asociado a incendios.
Foresight Autonomous Holdings (Nasdaq 및 TASE: FRSX)는 인도 국방부에 공급하는 주요 인도 드론 제조업체와 상업적 협력 계약을 체결했습니다. 이번 파트너십의 목표는 Foresight의 3D 인식 솔루션을 자율 드론 플랫폼에 통합하는 것으로, 2026년까지 250만 달러, 2029년까지 1600만 달러의 수익 잠재력이 예상됩니다.
2025년 1월 13일 발표된 협력은 초기에는 밀집한 연기, 열악한 조명 및 고온과 같은 극한 환경에서 드론 성능 향상에 중점을 둡니다. 드론은 실시간 인간 탐지 기능 및 공간 위치 정보를 갖추게 됩니다. 이 프로젝트는 먼저 인도 방산 시장을 겨냥하고 이후 제조, 마케팅 및 유통을 통해 글로벌 확장을 고려할 예정입니다.
Foresight의 입체적 긴파 적외선 기술 솔루션은 특히 화재 연기와 같은 어려운 조건에서 강력한 드론 작전을 위해 특별히 설계되었습니다.
Foresight Autonomous Holdings (Nasdaq et TASE : FRSX) a signé un accord de coopération commerciale avec un important fabricant indien de drones qui fournit au ministère de la Défense indien. Le partenariat vise à intégrer les solutions de perception 3D de Foresight dans des plateformes de drones autonomes, avec un potentiel de revenus prévu pouvant atteindre 2,5 millions de dollars d'ici 2026 et 16 millions de dollars d'ici 2029.
La collaboration, annoncée le 13 janvier 2025, se concentrera initialement sur l'amélioration des performances des drones dans des environnements difficiles tels que la fumée dense, un éclairage médiocre et des températures élevées. Les drones seront équipés de capacités de détection humaine en temps réel et d'informations de positionnement spatial. Le projet ciblera d'abord le marché de la défense indien avant d'envisager une expansion mondiale par le biais d'efforts de fabrication, de marketing et de distribution.
La solution technologique de Foresight à infrarouge à ondes longues stéréoscopiques est spécialement conçue pour des opérations robustes de drones, en particulier dans des conditions difficiles comme la fumée liée aux incendies.
Foresight Autonomous Holdings (Nasdaq und TASE: FRSX) hat eine Vereinbarung über kommerzielle Zusammenarbeit mit einem führenden indischen Drohnenhersteller unterzeichnet, der das indische Verteidigungsministerium beliefert. Das Ziel der Partnerschaft ist die Integration von Foresights 3D-Wahrnehmungslösungen in autonome Drohnenplattformen, mit einem prognostizierten Umsatzpotenzial von bis zu 2,5 Millionen Dollar bis 2026 und 16 Millionen Dollar bis 2029.
Die Zusammenarbeit, die am 13. Januar 2025 bekannt gegeben wurde, wird sich zunächst auf die Verbesserung der Drohnenleistung in herausfordernden Umgebungen wie dichtem Rauch, schlechtem Licht und hohen Temperaturen konzentrieren. Die Drohnen werden mit Echtzeit-Menschendetektionsmöglichkeiten und räumlichen Positionsinformationen ausgestattet. Das Projekt wird zunächst den indischen Verteidigungsmarkt anvisieren, bevor eine globale Expansion durch Fertigungs-, Vertriebs- und Marketingmaßnahmen in Betracht gezogen wird.
Die stereoskopische Langwellen-Infrarottechnologie von Foresight ist speziell für robuste Drohnenoperationen in schwierigen Bedingungen wie rauchbedingtem Feuer konzipiert.
- Secured contract with potential revenue of $2.5M by 2026
- Long-term revenue potential of $16M by 2029
- Strategic entry into Indian defense market
- Expansion into drone/UAV market segment
- Revenue projections are potential/not guaranteed
- Initial market to Indian territory
Insights
The strategic partnership with an Indian defense drone manufacturer marks a pivotal expansion into the lucrative military UAV market. The
The phased approach - starting with the Indian defense market before global expansion - is strategically sound. India's defense modernization budget and growing emphasis on domestic manufacturing through initiatives like 'Make in India' provide a strong foundation. The technology's ability to maintain performance in extreme conditions aligns perfectly with India's diverse operational requirements, from high-altitude border surveillance to urban emergency response.
The deal structure reveals compelling economics:
The agreement's focus on the Indian market is particularly strategic. India's drone market is projected to grow significantly, driven by both defense spending and commercial applications. The potential for local manufacturing could improve margins through cost optimization and tax benefits under India's Production Linked Incentive (PLI) scheme.
The technical differentiation of Foresight's 3D perception solution lies in its unique stereoscopic long-wave infrared approach. This technology's ability to maintain performance in challenging conditions like dense smoke and extreme temperatures addresses a critical limitation in current drone operations. The solution's dual focus on human detection and spatial positioning enhances its value proposition for both military and civilian applications.
The emphasis on real-time information processing and robust performance in adverse conditions suggests advanced edge computing capabilities, important for autonomous operations. The potential expansion into global markets indicates scalable architecture that can adapt to various regulatory frameworks and operational requirements.
Ness Ziona, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in three-dimensional (“3D”) perception systems, announced the signing of a commercial cooperation agreement with a leading Indian drone manufacturer, a key supplier to the Indian Ministry of Defense. This collaboration aims to integrate Foresight’s advanced 3D perception solutions into the manufacturer’s autonomous drone platforms, with a total commercial potential reaching up to
The agreement, previously announced on January 13, 2025, aims to enable autonomous drone and unmanned aerial vehicle (“UAV”) technology by integrating Foresight’s cutting-edge 3D perception solutions into the drone manufacturer’s autonomous systems. Initially, this collaboration will focus on improving drone performance in challenging environments, such as dense smoke, poor lighting and high temperatures. The drones will be able to detect people in these conditions while providing real-time information about the drones’ spatial positioning. The initial phase of the collaboration will focus on developing advanced solutions for the Indian defense market. At a later stage, the parties will consider manufacturing, marketing, and distribution efforts, initially targeting the Republic of India before expanding globally.
Foresight’s 3D perception solution, using stereoscopic long-wave infrared technology, is particularly well-suited for drone applications, with the ability to maintain robust performance required for the detection of humans in challenging environments, including dense smoke conditions caused by fires. This collaboration represents a significant advancement in Foresight's strategy to expand its 3D perception technology across diverse autonomous vehicle markets, including drones, unmanned aerial vehicles, and autonomous ground vehicles.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral 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’s vision solutions include modules of automatic calibration and dense 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 pre-collision 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 about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on “X” (formerly Twitter), or join Foresight Automotive on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses potential revenue under the agreement and the timing thereof and the advantages and benefits of Foresight’s solution. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission ("SEC") on March 27, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites.
Investor Relations Contact:
Miri Segal-Scharia
CEO
MS-IR LLC
msegal@ms-ir.com
917-607-8654
FAQ
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