Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an automotive technology innovator, this morning announced the signing of a distribution agreement with Cornes Technologies, a leading Japanese trading house. Per the update, Cornes Technologies will have exclusive rights to promote and distribute Foresight’s QuadSight(TM) system in the Japanese market. Prior to the signing of this agreement, Foresight conducted real time live demonstrations of the QuadSight system at a technology roadshow in Japan with the assistance of Cornes Technologies. The excellent performance of the QuadSight system was well received at the roadshow, resulting in quite a few OEMs and Tier One suppliers expressing interest in obtaining prototype systems. “The Japanese automotive industry is one of the most prominent and innovative industries in the world, making it a suitable target market for Foresight’s breakthrough QuadSight vision system,” Foresight VP of Business Development Doron Cohadier stated in the news release.
To view the full press release, visit http://ibn.fm/ZHlZu
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd., founded in 2015, is a technology company engaged in the design, development and commercialization of sensor systems for the automotive industry. Through its wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., the company develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients’ movement. The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts and are targeting the 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.
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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