Foresight’s Cutting-Edge 3D Perception Technology in Line with Expected Trump Administration's Support for Autonomous Vehicle Regulations
Foresight Autonomous Holdings (Nasdaq: FRSX) announced that its stereoscopic 3D perception systems are expected to align with the upcoming Trump administration's initiative to establish federal framework for fully self-driving vehicles. The company's technology combines visible-light and thermal long-wave infrared stereoscopic cameras for enhanced detection capabilities, positioning it as a potential primary sensor suite for autonomous vehicles.
This development comes as the administration plans to prioritize autonomous vehicle regulations through the Department of Transportation, addressing current regulatory challenges for deploying large-scale autonomous vehicle fleets.
Foresight Autonomous Holdings (Nasdaq: FRSX) ha annunciato che i suoi sistemi di percezione stereoscopica 3D dovrebbero allinearsi con l'iniziativa dell'imminente amministrazione Trump, che intende stabilire un quadro federale per i veicoli completamente autonomi. La tecnologia dell'azienda combina telecamere stereoscopiche a luce visibile e a infrarossi a lungo raggio per migliorare le capacità di rilevamento, posizionandola come un potenziale suite di sensori principali per i veicoli autonomi.
Questo sviluppo arriva mentre l'amministrazione pianifica di dare priorità alla regolamentazione dei veicoli autonomi attraverso il Dipartimento dei Trasporti, affrontando le attuali sfide normative per il dispiegamento su larga scala di flotte di veicoli autonomi.
Foresight Autonomous Holdings (Nasdaq: FRSX) anunció que sus sistemas de percepción estereoscópica 3D se espera que se alineen con la próxima iniciativa de la administración Trump para establecer un marco federal para los vehículos completamente autónomos. La tecnología de la compañía combina cámaras estereoscópicas de luz visible y térmica infrarroja de onda larga para mejorar las capacidades de detección, posicionándola como un posible conjunto de sensores primarios para vehículos autónomos.
Este desarrollo ocurre mientras la administración planea priorizar la regulación de vehículos autónomos a través del Departamento de Transporte, abordando los desafíos regulatorios actuales para el despliegue de flotas de vehículos autónomos a gran escala.
Foresight Autonomous Holdings (Nasdaq: FRSX)는 자사의 입체 3D 인식 시스템이 다가오는 트럼프 행정부의 완전 자율주행 차량을 위한 연방법 제정 이니셔티브와 일치할 것으로 기대하고 있다고 발표했습니다. 회사의 기술은 가시광선 및 열 적외선 장파 카메라를 결합하여 향상된 감지 기능을 제공하며, 자율주행 차량의 잠재적인 주요 센서 모음으로 자리 잡고 있습니다.
이번 개발은 행정부가 교통부를 통해 자율주행 차량 규제를 우선시할 계획을 세우는 가운데 이루어지며, 대규모 자율주행 차량 플릿 배치에 대한 현재의 규제 과제를 다루고 있습니다.
Foresight Autonomous Holdings (Nasdaq: FRSX) a annoncé que ses systèmes de perception stéréoscopique 3D devraient s'aligner avec l'initiative de la prochaine administration Trump visant à établir un cadre fédéral pour les véhicules entièrement autonomes. La technologie de l'entreprise combine des caméras stéréoscopiques à lumière visible et infrarouge thermique à longues ondes pour améliorer les capacités de détection, la positionnant comme une suite de capteurs principaux potentielle pour les véhicules autonomes.
Ce développement survient alors que l'administration prévoit de donner la priorité à la réglementation des véhicules autonomes par l'intermédiaire du ministère des Transports, traitant les défis réglementaires actuels pour le déploiement de flottes de véhicules autonomes à grande échelle.
Foresight Autonomous Holdings (Nasdaq: FRSX) hat bekannt gegeben, dass seine stereoskopischen 3D-Wahrnehmungssysteme voraussichtlich mit der bevorstehenden Initiative der Trump-Administration zur Schaffung eines föderalen Rahmens für vollständig selbstfahrende Fahrzeuge übereinstimmen werden. Die Technologie des Unternehmens kombiniert sichtbare Licht- und thermische Langwelleninfrarotkameras zur Verbesserung der Erkennungsfähigkeiten und positioniert sich als potenzielles primäres Sensorsystem für autonome Fahrzeuge.
Diese Entwicklung erfolgt, während die Regierung plant, die Vorschriften für autonome Fahrzeuge über das Verkehrsministerium zu priorisieren und die aktuellen regulatorischen Herausforderungen für den Ausbau großer Flotten autonomer Fahrzeuge anzugehen.
- Technology likely to comply with upcoming federal autonomous vehicle regulations
- Strategic positioning for potential market expansion in autonomous vehicle sector
- Advanced dual-camera system offering competitive advantage in detection capabilities
- Current regulatory framework presents substantial deployment challenges
- No immediate revenue impact from regulatory changes
- Uncertain timeline for implementation of new federal framework
Insights
The potential regulatory shift under a future Trump administration, while speculative at this stage, holds immediate impact for Foresight's business prospects. The company's stereoscopic 3D perception technology, combining visible-light and thermal cameras, is technically well-positioned but faces significant market challenges. With a micro-cap valuation of just
The company's technology claims are promising but lack concrete validation through major commercial partnerships or significant revenue streams. While regulatory changes could theoretically benefit autonomous vehicle technology providers, Foresight would need to demonstrate substantial competitive advantages and secure meaningful contracts to capitalize on any regulatory tailwinds. The speculative nature of both the political outcome and its potential benefits suggests minimal near-term material impact on the company's market position.
Ness Ziona, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced that its stereoscopic 3D perception systems would likely comply with the strategic initiative of the impending Trump administration’s recent publicly stated commitment to establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.
We believe that the Company's existing 3D perception systems, leveraging a unique combination of visible-light and thermal long-wave infrared stereoscopic cameras, offer superior detection capabilities, making it well-suited for integration as the primary sensor suite in autonomous vehicles. By developing advanced vision technologies that provide precise environmental mapping and object detection, Foresight aims to meet the emerging standards and capitalize on new opportunities created by the impending Trump administration's supportive approach to autonomous vehicle development.
The current federal regulatory framework presents substantial challenges for companies aiming to deploy large-scale fleets of fully autonomous vehicles, particularly those without traditional control interfaces. This new initiative aims to address the existing regulatory hurdles while ensuring public safety and promoting innovation in the rapidly evolving autonomous vehicle sector. The impending Trump administration's expected proactive approach reflects a commitment to creating an environment that supports the advancement and integration of autonomous driving technology within the United States transportation sector.
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 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 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 the belief that its stereoscopic 3D perception systems would likely comply with the impending Trump administration’s potential federal framework for fully self-driving vehicles, the belief that the Company's existing 3D perception systems offer superior detection capabilities, that the Company aims to meet the emerging standards and capitalize on new opportunities created by the impending Trump administration's supportive approach to autonomous vehicle development, and potential plans and details concerning the impending Trump administration’s plans and approach to autonomous driving. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
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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