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

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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.

03/19/2024 08:42 AM

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Foresight: Eye-Net Secures Follow-up Order from Leading Japanese Vehicle Manufacturer

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Foresight Autonomous Holdings announced that its subsidiary, Eye-Net, received an order from a Japanese vehicle manufacturer for a paid development project after the successful completion of a POC project. The project aims to evaluate Eye-Zone™ as a V2X communication layer, showcasing its potential benefits for the automotive industry.

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02/05/2024 08:30 AM

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Foresight Successfully Completes Project with Prominent Japanese Vehicle Manufacturer

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Foresight Autonomous Holdings Ltd. announced the successful completion of two proof of concept projects with a leading Japanese vehicle manufacturer, involving the evaluation of Foresight's automatic calibration capabilities to enhance 3D depth perception. The parties are now exploring co-development initiatives to integrate Foresight's technology into the manufacturer's passenger vehicles, potentially improving distance measurement, object detection, and overall safety systems.

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01/31/2024 08:30 AM

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Foresight: Rail Vision Reveals its Next Generation AI Computer for Railway Safety and Accident Prevention

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Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) announced that its affiliate, Rail Vision Ltd. (Nasdaq: RVSN), revealed its next-generation AI-based computer system for railway safety technology. The system features advanced real-time deep learning capabilities, cloud connectivity, and compliance with stringent railway standards. It aims to enhance railway safety and operational efficiency by ensuring exceptional performance in obstacle detection and identification under challenging weather and visibility conditions.

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01/25/2024 09:15 AM

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Foresight: Rail Vision's Main Line System Secures EU Railway Standards Approval and Certifications

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Foresight Autonomous Holdings Ltd. announces that its affiliate, Rail Vision Ltd., has received formal certifications for critical European Union railway standards for its Main Line system. This achievement positions Rail Vision ahead of the competition in the railway technology market, paving the way for rapid adoption across the vast EU market. The global digital railway market size is expected to surpass $100 billion by 2027, growing at a compound annual growth rate of 9.7%.

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01/24/2024 09:26 AM

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Foresight: Rail Vision Receives Order from Leading US-based Rail Contractor of up to $5 Million

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Foresight Autonomous Holdings Ltd. (FRSX) announced that its affiliate, Rail Vision Ltd. (RVSN), signed a supply contract with a US-based rail and leasing services company valued at up to $5 million for the purchase of Rail Vision’s AI-based Switch Yard Systems. The contract marks Rail Vision’s entrance into the US market and reflects its commitment to enabling the rail industry with cutting-edge AI-based technology. The unique Switch Yard System combines advanced vision sensors with AI and deep learning technologies to streamline and enhance the safety of railway operators' industrial switching operations. The contract's first phase is valued at $1 million, with follow-on orders subject to customer approval. It also includes specific purchase quotas that provide the customer with exclusivity in the North American industrial railyards switching segment.

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01/09/2024 08:10 AM

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Foresight CEO Letter to Shareholders

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Foresight Autonomous Holdings Ltd. (FRSX) achieved significant milestones in 2023, including a strategic investment of over $1.1 million, refocusing on defense and industrial vehicle initiatives, and securing collaborations with leading Japanese and Chinese vehicle manufacturers, Elbit Systems Land Ltd., and KONEC. The modularity of their software vision solutions and the success of their subsidiary, Eye-Net, also contributed to their success. CEO Haim Siboni expressed confidence in the company's future and anticipated new partnerships and commercialization progress in 2024.

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12/29/2023 07:15 AM

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Foresight Collaborates with One of the World’s Largest Electric Vehicle Brands

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Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) signed a collaboration agreement with a leading global electric vehicle (EV) original equipment manufacturer (OEM) in China to evaluate Foresight's 3D perception capabilities for enhancing the manufacturer’s automotive vision solutions.

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12/18/2023 08:15 AM

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Positive Results Drive Foresight Into Commercialization Agreement with Leading Global Defense Company Elbit Systems Securing up to $4 Million in Revenue

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Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) achieved a significant commercialization milestone by securing an exclusive agreement with Elbit Systems Ltd, a leading global defense company. The collaboration is anticipated to generate revenues of up to $4 million over a five-year period, with a minimum of $1 million in guaranteed revenues. Foresight's software will be offered as advanced driver assistance systems (ADAS) and autonomous platforms for unmanned combat and security ground vehicles, as well as a solution for the defense, paramilitary, and homeland security markets.

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12/07/2023 08:30 AM

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Foresight Autonomous Holdings Ltd. Announces Pricing of $4.5 Million Registered Direct Offering

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Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) has entered into definitive agreements for the purchase and sale of 4,500,000 of the Company’s American Depositary Shares at a price of $1.00 per ADS, resulting in gross proceeds of approximately $4.5 million. The offering is expected to close soon.

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11/20/2023 08:20 AM

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Foresight: Eye-Net Selected by European Software République Consortium to Take Part in the Road Safety Revolution

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Foresight Autonomous Holdings Ltd. (FRSX) subsidiary, Eye-Net Mobile, to join Software République's Incubation Program for a V2X road safety solution. Potential commercial deployment across European cities by 2025.

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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 $1.71 as of December 23, 2024.

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 21.1M.

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.