Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary Eye-Net Mobile Ltd. has successfully installed its Eye-Net application’s communication layer on the data center of a leading Israeli cellular provider. A V2X cellular-based accident prevention solution, Eye-Net is designed to provide real-time pre-collision alerts to pedestrians and vehicles through smartphones and reliance on existing cellular networks. Collaboration with the cellular provider and leveraging its technological expertise and engineering design assistance may improve Eye-Net’s efficiency, allowing for more accurate alerts, most significant with the application’s deployment across a large number of mobile phones. “We were pleased to have the opportunity to collaborate with a leading Israeli cellular provider,” Foresight CEO Haim Siboni stated in the news release. “This strategic alliance marks an important milestone in Eye-Net’s roadmap. We expect to expand Eye-Net’s market penetration by extending collaboration with the leading cellular provider in future development milestones.”
To view the full press release, visit http://ibn.fm/Z2rUo
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd., founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company predicts that its systems will revolutionize automotive safety by providing an automotive grade, cost-effective platform, and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com
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