Automotive technology company Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has been selected as a finalist in the New Mobility World (NMW) Lab18 Startup Challenge. Per the update, Foresight was selected from a pool of more than 100 applicants spanning 29 countries to reach the final round. “It is a great honor to make the finals list at this year’s NMW Lab18 Startup Challenge,” Haim Siboni, CEO of Foresight, stated in the news release. “This achievement recognizes that Foresight’s breakthrough QuadSight™ system has an important role in shaping the future of the automotive industry. We believe that there is a perfect fit between Foresight’s technological solutions and the specific needs of the semi and fully autonomous vehicles markets.” The NMW Lab18 Startup Challenge is scheduled to take place in September at the IAA Commercial Vehicles in Hanover, Germany. The NMW interdisciplinary platform is directed toward innovators in the transport and mobility sector and brings together the most important players from all sectors focused on developing new solutions, technologies or products for the mobility of tomorrow.
To view the full press release, visit http://ibn.fm/P4T3L
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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