NESS ZIONA, Israel–(BUSINESS WIRE)–Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive imaginative and prescient techniques, introduced right this moment that its wholly owned subsidiary, Eye-Web Cell Ltd., will begin a pilot mission with a multi-billion greenback international Japanese know-how firm to check its Eye-Web™ Shield cellular-based V2X (vehicle-to-everything) accident prevention answer.
The pilot mission will probably be used to validate the Eye-Web answer capabilities and its technical specs. Upon profitable completion, the Japanese know-how firm could proceed to industrial integration of the Eye-Web answer into its IoT platform which at present serves tens of millions of customers.
“This pilot mission marks an essential milestone on Eye-Web Cell’s industrial roadmap. The know-how firm would be the first to judge the software program improvement package (SDK) configuration of Eye-Web Shield. Integration with a world Japanese firm has the potential to permit our life-saving accident prevention answer to guard tens of millions of customers every day,” stated Dror Elbaz, COO & Deputy CEO of Eye-Web Cell.
The Eye-Web Shield V2X answer is designed to guard probably the most weak highway customers in actual time – together with pedestrians, cyclists, scooter drivers and automobile drivers – by offering collision alerts when the highway customers don’t have any direct line of sight. An SDK configuration permits Eye-Web Cell to combine its answer with main location-based merchandise reminiscent of wearable gadgets, dashboard cameras, navigation aids, infotainment techniques, third-party functions and different good gadgets.
For extra details about Eye-Web Cell, please go to www.eyenet-mobile.com, or observe the Firm’s LinkedIn web page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which aren’t integrated into this press launch.
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), based in 2015, is a know-how firm engaged within the design, improvement and commercialization of sensors techniques for the automotive trade. By way of the corporate’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Web Cell Ltd., Foresight develops each “in-line-of-sight” imaginative and prescient techniques and “beyond-line-of-sight” cellular-based functions. Foresight’s imaginative and prescient sensor is a four-camera system based mostly on 3D video evaluation, superior algorithms for picture processing, and sensor fusion. Eye-Web Cell’s cellular-based software is a V2X (vehicle-to-everything) accident prevention answer based mostly on real-time spatial evaluation of shoppers’ motion.
The corporate’s techniques are designed to enhance driving security by enabling extremely correct and dependable menace detection whereas guaranteeing the bottom charges of false alerts. Foresight is focusing on the Superior Driver Help Methods (ADAS), the semi-autonomous and autonomous car markets and predicts that its techniques will revolutionize automotive security by offering an automotive-grade, cost-effective platform and superior know-how.
For extra details about Foresight and its wholly owned subsidiary, Foresight Automotive, go to www.foresightauto.com, observe @ForesightAuto1 on Twitter, or be part of Foresight Automotive on LinkedIn.
This press launch incorporates forward-looking statements inside the which means of the “protected harbor” provisions of the Personal Securities Litigation Reform Act of 1995 and different Federal securities legal guidelines. Phrases reminiscent of “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and related expressions or variations of such phrases are meant to determine forward-looking statements. For instance, Foresight is utilizing forward-looking statements on this press launch when it discusses the phrases of any settlement between Eye-Web and the worldwide Japanese know-how firm, that the pilot mission will probably be used to validate the Eye-Web answer capabilities and its technical specs, that upon profitable completion, the Japanese know-how firm could proceed to industrial integration of the Eye-Web answer into its IoT platform, and that potential integration with a world Japanese firm has the potential to guard tens of millions of customers every day. As a result of such statements cope with future occasions and are based mostly on Foresight’s present expectations, they’re topic to numerous dangers and uncertainties, and precise outcomes, efficiency or achievements of Foresight might differ materially from these described in or implied by the statements on this press launch.
The forward-looking statements contained or implied on this press launch are topic to different dangers and uncertainties, together with these mentioned below the heading “Threat Components” in Foresight’s annual report on Kind 20-F filed with the Securities and Trade Fee (“SEC”) on March 31, 2020, and in any subsequent filings with the SEC. Besides as in any other case required by legislation, Foresight undertakes no obligation to publicly launch any revisions to those forward-looking statements to mirror occasions or circumstances after the date hereof or to mirror the prevalence of unanticipated occasions. References and hyperlinks to web sites have been supplied as a comfort, and the data contained on such web sites is just not integrated by reference into this press launch. Foresight is just not liable for the contents of third celebration web sites.