Foresight Autonomous Holdings Inc. FRSX Archives

ThursdayApr 29, 2021 12:48 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision Files Draft Prospectus for IPO

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., filed a nonpublic draft prospectus for an initial public offering and registration for trade of its securities on the Tel Aviv Stock Exchange Ltd. According to the update, Rail Vision filed the draft prospectus with the Tel Aviv Stock Exchange and Israeli Securities Authority on April 25, 2021. Rail Vision informed Foresight that it simultaneously intends to test the prevailing Israeli capital market conditions towards a possible public offering. However, Rail Vision has not yet finalized any decision on…

FridayDec 04, 2020 10:11 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Provide QuadSight(R) Solution in Framework for AWARD Project

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that the European Commission, through the Horizon 2020 framework program, has awarded a funding grant of nearly 20 million Euro for the All Weather Autonomous Real logistics operations and Demonstrations (“AWARD”) consortium to develop and operate safe autonomous heavy-duty vehicles in harsh weather conditions in a variety of different scenarios. As part of the project, Foresight will provide its QuadSight(R) multispectral vision solution, and is expected to receive approximately one million USD. According to the update, the AWARD project will be rolled out in 2021…

TuesdayNov 19, 2019 9:54 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Q3 2019 Financial Results

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, on Monday reported its financial results for the third quarter ended September 30, 2019. According to the update, Foresight ended the third quarter of 2019 with $13.1 million in cash, cash equivalents and short-term deposits, GAAP net loss of $11.07 million and non-GAAP net loss for the same period of $9.46 million. “The third quarter was highlighted by our significant progress in penetrating the autonomous vehicle markets in Asia and the United States,” Foresight CEO Haim Siboni said in the news release. “Our compelling technological demonstrations…

TuesdayNov 12, 2019 10:00 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Receives QuadSight(TM) Prototype Order from Leading South Korean Vehicle Manufacturer

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced an additional sale of a prototype of its QuadSight(TM) four-camera vision system targeted for the semi-autonomous and autonomous vehicle market. According to the update, the American division of a leading South Korean vehicle manufacturer ordered the prototype system, for which tens of thousands in sales revenue is expected. This prototype system sale is the second resulting from the July 2019 demonstrations carried out in the Silicon Valley and Detroit. The sales validate Foresight’s strategy to perform real-time demonstrations of the QuadSight system to vehicle manufacturers and…

MondayAug 12, 2019 9:39 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Successful Large-Scale Trial of Eye-Net Mobile’s Cellular-Based Accident Prevention Solution

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., completed a successful large-scale trial of its Eye-Net(TM) cellular-based accident prevention solution, meeting all predefined criteria for its success. According to the update, more than 8,500 users from across Israel and abroad participated in the trial that demonstrated the technological proof of concept of the Eye-Net solution. The large-scale trial marked an important milestone for the company as it transitions from technology to product and commercialization. “This complex, first of its kind, large-scale trial was conducted after a…

MondayNov 19, 2018 9:35 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Present at 11th Annual LD Micro Main Event in Los Angeles

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that Chief Financial Officer Eli Yoresh and Vice President of Business Development Doron Cohadier will be presenting at the 11th Annual LD Micro Main Event. The event will be held at the Luxe Sunset Boulevard Hotel in Los Angeles, California, on Wednesday December 5, 2018, at 9:00 AM PST. A live webcast of the presentation will be available to the public at http://ibn.fm/FtiWW. Additionally, an archived version of the webcast will be available for 90 days following the live presentation. To view the full press release,…

MondayJun 25, 2018 9:26 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Secures $6.9M through Private Placements

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) today announced that it has entered into private placement agreements with Israeli investors, including two prominent Israeli institutional investors, Meitav Dash Group and Psagot Investment House. Per the agreements, Meitav Dash Group will invest approximately $4.1 million, Psagot Investment House will invest approximately $1.4 million, and additional investors will invest a total of roughly $1.4 million, bringing the total of the private placements to $6.9 million. Foresight will issue 21,963,411 ordinary shares to the investors, at a price per share of approximately $0.56 per ordinary share, or $2.81 per ADS, subject to customary…

ThursdayJun 21, 2018 9:12 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Secures $5.5M Through Private Placement

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has entered into private placement agreements with Harel Insurance, a prominent Israeli institutional investor. Per the agreement, Foresight will issue 9,756,097 ordinary shares at approximately $0.56 per ordinary share, subject to customary closing conditions. The company also agreed to issue warrants to purchase 9,756,097 ordinary shares at an exercise price of $0.80 per share, exercisable for a period of 24 months. Upon the closing of the private placement, which totaled $5.5 million, Harel Insurance will hold a total of roughly 8.15% of Foresight’s issued share capital. To view…

TuesdayJun 12, 2018 9:36 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Receives First QuadSight™ Prototype Order

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has made the first sale of a prototype of its breakthrough QuadSight™ quad-camera vision system targeted for the semi-autonomous and autonomous vehicle market. The first system was ordered by the truck division of a large European vehicle manufacturer to assess the system and its performance on the manufacturer’s trucks. The transaction will provide the company with imperative customer feedback as well as an expected revenue of tens of thousands of dollars. The company plans to utilize customer response from all prototype orders to develop a deeper understanding of…

MondayJun 04, 2018 9:23 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Successfully Completes Eye-Net™ Controlled Trial

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that, together with the city of Ashdod and NoTraffic Ltd., it has successfully completed a controlled trial of its Eye-Net™ accident prevention solution. The trial examined integration and interfacing of Eye-Net™, the company’s V2X cellular-based accident prevention solution, with smart infrastructure in the city of Ashdod. All the pre-defined objectives for the real-time use of the Eye-Net™ system were achieved in the trial. “This collaboration enabled us to test our ability to integrate with smart infrastructure in order to reduce the number of accidents in an urban environment. Integration with…

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