Foresight Autonomous Holdings Ltd. FRSX Archives - Page 2 of 11

WednesdayJan 13, 2021 10:53 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Subsidiary, Eye-Net, Partners with Japanese Vehicle Manufacturer for Pilot Project

Foresight Autonomous (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., is working with the intelligent transport system division of a multibillion-dollar global Japanese vehicle manufacturer to test the Eye-Net(TM) Protect cellular-based V2X (vehicle-to-everything) (“V2X”) accident-prevention solution. The pilot test project is designed to analyze and validate the software development kit (“SDK”) configuration of the Eye-Net solution for possible addition into a smart city project conducted by the vehicle manufacturer. The recently announced pilot test project follows Eye-Net’s August 2020 announcements regarding two additional pilot projects. Eye-Net is partnering with leading…

MondayJan 11, 2021 12:30 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Present at CES 2021 Virtual Conference

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that it will exhibit virtually at the CES 2021 all digital event, Jan. 12-14, 2021. According to the update, the company will present the latest developments to its proprietary automatic calibration software solution, designed to ensure that stereo cameras remain calibrated regardless of their configuration or position, to create accurate and continuous depth perception. In addition, Foresight will discuss how its unique solution enables separation of stereo cameras in order to allow flexible placement of cameras on the vehicle, increase the baseline between the cameras,…

MondayDec 28, 2020 10:33 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Pricing of $26M Registered Direct Offering

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, has announced its entry into definitive agreements with investors for the purchase and sale of 6,265,063 of Foresight’s American Depositary Shares (“ADSs”), each at a price of $4.15, per a registered direct offering. The company will secure approximately $26 million in gross proceeds before deducting placement agent fees and other estimated offering expenses. Foresight intends to use the net proceeds for working capital and other general corporate purposes. The closing of the registered direct offering is expected to take place on or about Dec. 30, 2020, subject…

WednesdayDec 16, 2020 11:44 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Partnership Aimed at Enhancing Autonomous Vehicle Vision Systems

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, will partner with a University of Michigan 2021 startup cohort, TechLab at Mcity, to further develop its automotive vision system designed for Advanced Driver Assistance Systems (“ADAS”) and autonomous vehicles. The one-year partnership program entails FRSX collaborating with a group of students from technical departments at the University of Michigan; the group, which will be mentored by Foresight’s head of algorithm and leading team members, is concentrating on the development, demonstration and deployment of key autonomous vehicle technologies. As part of the program, Foresight will have access to…

FridayDec 11, 2020 12:08 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision to Enter Multibillion Global Light Rail Market

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., has received an order from Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX), for two samples of the light rail vehicle (“LRV”) system. In addition, Knorr-Bremse has ordered customization, according to Knorr-Bremse’s requirements, of Rail Vision’s LRV system. According to Global Industry Research, the global market for light rail is estimated at $8.6 billion in 2020 and projected to reach $10.8 billion by 2027. “Knorr-Bremse continues to show its vote of confidence in Rail Vision’s…

ThursdayDec 03, 2020 1:48 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Exhibit COVID-19 Symptom Detection Solution at Future Stars 2020 Conference

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, has announced that it will be exhibiting its mass screening COVID-19 symptom detection solution at the GITEX Future Stars 2020 conference and exhibition. Slated for Dec. 6–9, 2020, the conference is held at the Dubai World Trade Centre in the United Arab Emirates and is the largest start-up expo in the Middle East, Africa and South Asia. The event showcases transformational ideas that could significantly impact the government and business sectors. More than 1,200 innovative tech enterprises, start-ups and government entities from more than 60 countries are expected…

FridayNov 13, 2020 11:13 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Q3 2020 Results

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, on Thursday announced financial results for the third quarter ended September 30, 2020. According to the update, Foresight ended the quarter with $14.5 million in cash and short-term deposits, GAAP net loss of $11.4 million and non-GAAP net loss for the same period of $10.5 million. “Foresight continued to demonstrate steady progress in the third quarter, as we established new partnerships with influential players in Europe, Japan and China,” said Haim Siboni, CEO of Foresight. “We are confident that our new relationships with leading companies such as…

WednesdayNov 04, 2020 11:42 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Integrates QuadSight(R) Software on the NVIDIA(R) Jetson AGX Xavier(TM) Platform

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced completion of its QuadSight(R) software on the NVIDIA(R) Jetson AGX Xavier(TM) platform, suitable for shuttles, agriculture, heavy equipment machines and more. “Foresight’s revolutionary stereoscopic vision solutions are based on advanced algorithms for image processing, 3D video analysis and sensor fusion. Our solutions require cutting-edge computing infrastructure that enables high performance advanced image processing algorithms,” David Lempert, Foresight’s vice president of R&D, said in the press release. “We are confident that NVIDIA’s platforms offer the best possible solutions for our needs. As more and more players…

WednesdayOct 21, 2020 9:58 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Unveil COVID-19 Symptom Detection Solution at SEECAT 2020

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that it will launch its COVID-19 symptom detection mass screening solution at the SEECAT 2020 exhibition slated to take place Oct. 21-23, 2020, in Tokyo, Japan. According to the update, the solution will be presented by a leading Japanese trading house, which has worked with various Israeli technology companies for more than 25 years, providing solutions to protect critical facilities such as borders, airports and nuclear reactors. “We are excited to exhibit, for the first time, the first generation of our COVID-19 screening solution. The…

TuesdayOct 13, 2020 11:48 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Affiliate Executes $10 Million Agreement

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, has announced that its affiliate, Rail Vision Ltd., has entered into an agreement with Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX). The agreement notes that Knorr-Bremse, a multibillion-dollar European-based group, will make an investment of $10 million in Rail Vision. This follows a similar investment of $10 million made by Knorr-Bremse in 2019. With both investments in place, Knorr-Bremse will own 36.79% of Rail Vision’s outstanding share capital. In addition, Rail Vision received a call option, available when certain conditions are met,…

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