InvestorNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Inks ADAS Deal with Hitachi Astemo
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, has entered an agreement with Hitachi Astemo Americas Inc., a global tier-one supplier of engine management, electric powertrain and integrated vehicle-control systems for the auto industry. The agreement, which comes after a successful evaluation of Foresight’s QuadSight(R) vision system, calls for Hitachi Astemo to enter into a paid, joint proof-of-concept (“POC”) project to test autonomous-driving vision systems (“ADAS”); the program combines QuadSight(R) and FRSX’s Mono2Stereo(TM) technologies with Hitachi Astemo camera systems. The program will involve simulated and real-life autonomous driving scenarios and is designed to to improve distance measurement and object detection. “We are excited to be involved in another auto industry POC project,” said Foresight CEO Haim Siboni in the press release. “Having been chosen by Hitachi Astemo, a major supplier of automotive stereo vision systems, underlines the importance of stereoscopic technology in the enhancement of existing ADAS systems and the technology’s ability to amplify their performance, provide better distance accuracy and offer more robust active safety features. Our solutions can be readily deployed in vehicles equipped with Level 2 and Level 2-plus autonomy systems without requiring additional hardware and design changes. We believe that teaming up with Hitachi Astemo could potentially lead to further collaboration with other automotive OEMs as well.”
To view the full press release, visit https://ibn.fm/GSnWJ
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, precollision 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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