InvestorNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Proprietary QuadSight(R) Partners with Tier-One Tech Leader for Joint POC
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, has entered a joint proof of concept (“POC”) agreement with ZF North America Inc., a subsidiary of ZF Friedrichshafen AG (“ZF”). One of the top-three, tier-one technology companies that supply systems for passenger cars, commercial vehicles and industrial technology, ZF Friedrichshafen AG is working to enable the next generation of mobility, with a company official noting that Foresight’s capabilities offer a potential valuable solution that it can deploy without no need for additional hardware or design changes. The partnership follows Foresight’s participation in and winning of the ZF Pitch Event, which was held at the 2022 CES exhibition in January 2022. The event was specifically focused on automotive electronics and advanced driver assistance systems (“ADAS”) applications with the winning company receiving funding for a joint proof of concept project with ZF. “We are honored to have been selected by ZF’s leadership team to conduct a joint POC project using our innovative solution for automotive electronics and ADAS applications,” said Foresight CEO Haim Siboni in the press release. “We believe that conducting a POC project with one of the world’s top Tier One automotive suppliers once again validates the added value of our technology for enhancing existing ADAS systems.”
To view the full press release, visit https://ibn.fm/HFAUc
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings is a technology company developing smart multispectral 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, visit the company’s website at www.ForesightAuto.com.
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://ibn.fm/FRSX
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