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.

11/06/2023 08:20 AM

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Foresight: Eye-Net and SoftBank Corp. Successfully Complete First Phase of Cross-Collision Prevention V2X Project in Japan

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Foresight Autonomous Holdings' subsidiary, Eye-Net Mobile, has successfully completed the first phase of a project with SoftBank Corp. The project involves deploying Eye-Net's location service in SoftBank's 5G Multi-Access Edge Computing infrastructure. This collaboration is expected to significantly improve connectivity and collision prevention. The successful integration is a prerequisite for deploying Eye-Net's solutions in the Japanese market.

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11/01/2023 08:20 AM

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Foresight Leverages on Success to Focus on Defense, Industrial Vehicles and Eye-Net Mobile Initiatives in the Short Term

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Foresight Autonomous Holdings provides an update on its operations and presents an updated business roadmap. The company experienced no immediate material impact from recent events in Israel. Management is focusing on strengthening client-facing initiatives in the defense and industrial vehicles sectors. In the short term, Foresight has achieved important milestones and secured potential revenues of up to $4 million over five years. In the long term, the company is engaged in POC projects in the automotive industry. Eye-Net, Foresight's subsidiary, has formed successful partnerships and achieved significant milestones. Management has also decided to reallocate resources and reduce expenses to extend the company's cash runway.

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10/25/2023 08:30 AM

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Foresight Receives Notice of U.S. Patent Allowance for 3D Image Analysis System and Calibration Technology

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Foresight Autonomous Holdings has received a notice of allowance from the US Patent and Trademark Office for its patent application on a system and method for stereoscopic image analysis. The patented technology enables the generation of 3D depth perception from any pair of cameras, improving obstacle detection and enhancing understanding of road conditions for ADAS or autonomous driving. This technology serves as the underlying technology for Foresight's Mono2Stereo and Mono2Stereo 360° perception enhancement solutions.

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09/21/2023 09:30 AM

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Foresight Partners with One of the World's Largest Electric Vehicle Manufacturers

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Foresight signs collaboration agreement with global EV OEM to evaluate 3D perception capabilities for automotive vision solutions.

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08/31/2023 06:35 AM

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Foresight: Eye-Net and SoftBank Corp. Collaborate to Introduce Cross-Collision Prevention V2X Solution Utilizing 5G MEC

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Foresight Autonomous Holdings' subsidiary, Eye-Net Mobile, has signed a paid proof of concept project agreement with SoftBank Corp. The project aims to validate the integration of Eye-Net's server-side technology with SoftBank's MEC infrastructure, potentially leading to a commercial deployment in the Japanese market. Successful completion of the project is expected by the end of 2023. SoftBank plans to conduct verification tests for collision prevention solutions. This collaboration could introduce a new road safety approach and contribute to a safer mobile society.

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08/14/2023 08:00 AM

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Foresight Signs Agreement with Global Vehicle Manufacturer

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08/11/2023 09:20 AM

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Foresight Partners with One of the World’s Largest Industrial Equipment Manufacturers for POC Project

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Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) announced a paid proof of concept (POC) project with a leading industrial equipment manufacturer's Chinese subsidiary to evaluate its QuadSight® technology for autonomous capabilities in mining and construction trucks. Foresight's technology was chosen for its accurate 3D perception vision solutions and high-resolution point cloud, addressing driving challenges in harsh conditions. The successful POC may lead to integrating Foresight's technology into the manufacturer's trucks, offering an alternative to existing LiDAR sensors.

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07/17/2023 08:20 AM

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Foresight Takes Major Step Toward Commercialization With Elbit Systems Securing Revenues up to $4 Million

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Foresight Autonomous Holdings has signed a five-year exclusivity agreement with Elbit Systems Land for the commercialization of Foresight's image processing software solution. The agreement is expected to generate revenues of up to $4 million over the five-year period, with minimum guaranteed revenues of $1 million. Foresight will start recognizing initial revenues from the agreement in the second half of 2023. Elbit will have exclusive rights to market and sell Foresight's software in the defense and paramilitary sectors globally.

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11/16/2022 08:30 AM

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Foresight Signs Commercial Agreement With SUNWAY-AI for up to $51M

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Foresight Autonomous Holdings (FRSX) has signed a joint development agreement with SUNWAY-AI Technology, potentially generating up to $51 million in revenue over four years. The partnership aims to integrate Foresight's QuadSight technology into driverless airport ground vehicles for enhanced obstacle detection and driver assistance. Starting in H1 2023, SUNWAY will commercialize these advanced driver assistance systems (ADAS) across Mainland China and other regions. This collaboration positions Foresight favorably in the autonomous vehicle market.

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07/01/2021 08:00 AM

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Foresight: Eye-Net to Start Pilot Project With V-tron for European Fleets

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Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX) announced a collaboration with V-tron B.V. to evaluate Eye-Net™ Protect for potential integration into V-tron’s telematics systems. This pilot project aims to enhance road safety by providing real-time collision alerts, thereby improving existing Advanced Driver Assistance Systems (ADAS). The initiative marks Eye-Net's third project in Europe, following partnerships with a cellular provider and Wunder Mobility. The collaboration is expected to increase Eye-Net Protect's user base, potentially reducing road accidents and saving lives.

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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.