Foresight Autonomous Holdings Ltd. FRSX Archives - Page 4 of 11

ThursdayJul 02, 2020 10:13 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Two Orders that Mark Significant Commercial Milestone

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its receipt of two orders for product development and customization from Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT), the leading Israeli defense company. Elbit Systems is Foresight’s first commercial customer. According to the update, Foresight will supply a QuadSight prototype system with wide-angle field-of-view detection capabilities designed to meet Elbit’s requirements. “These orders mark a significant commercial milestone in both our business roadmap and relationship with our partner Elbit Systems,” Foresight’s CEO Haim Siboni said in the news release. “Entering…

WednesdayJun 24, 2020 11:28 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Appoints New VP to Develop Business Opportunities, Identify Potential Strategic Partners

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced the appointment of seasoned executive Alain Charlois as Vice President of Strategic Partnerships, effective July 1, 2020. Charlois will be responsible for developing new business opportunities and identifying potential strategic partners in the Advanced Driver Assistance Systems (“ADAS”) and autonomous driving markets in North America and Europe. “Foresight’s unique vision technology has the potential to revolutionize automotive safety” Haim Siboni, Foresight’s CEO, said in the news release. “Mr. Charlois’ unique skills and extensive industry relationships will allow us to generate additional interest in our offerings,…

MondayJun 22, 2020 10:46 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Regains Compliance with Nasdaq Listing Rule 5550(a)(2)

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its receipt of notification from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), concerning minimum bid price listing requirements. As previously announced, Nasdaq had notified Foresight that its American Depositary Shares (“ADSs”) failed to maintain a minimum bid price of $1.00 over 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Nasdaq, on June 19, 2020, provided confirmation to the company that, for the last 10 consecutive…

TuesdayJun 09, 2020 10:53 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Pricing of $6.4M Registered Direct Offering

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its entry into definitive agreements with investors for the purchase and sale of 6,400,000 of the Company’s American Depositary Shares (“ADSs”), each at a price of $1.00, pursuant to a registered direct offering. Foresight will secure approximately $6.4 million in gross proceeds from the offering, which it intends to use for working capital and other general corporate purposes. Subject to the satisfaction of customary conditions, the closing of the registered direct offering is expected to take place on or about June 11, 2020. A.G.P./Alliance Global…

FridayJun 05, 2020 10:42 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Leveraging Thermal Imaging, AI Expertise in Development of Solution to Detect COVID-19 Symptoms

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that it has started developing a mass screening solution for the detection of COVID-19 symptoms based on visible-light and thermal cameras. According to the update, the Company has submitted a patent application to the U.S. Patent and Trademark Office for a system and method for detection of people infected with COVID-19. “The COVID-19 pandemic has created new challenges for public safety, prioritizing the prevention of another pandemic outbreak as the world begins to resume normal activities. Our extensive experience with thermal imaging and AI can…

FridayMay 22, 2020 9:56 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Financial Results for Q1 2020

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, on Thursday released financial results for the first quarter of 2020. According to the update, Foresight ended Q1 of 2020 with $6.8 million in cash and short-term deposits. This amount excludes aggregate gross proceeds of $8 million from previously announced offerings that closed on April 30, 2020 and May 21, 2020. “Foresight achieved several important milestones during the first quarter of 2020, beginning with our newly established strategic collaboration with FLIR Systems, Inc. to integrate our QuadSight(R) vision system with their leading thermal imaging systems,” Foresight CEO…

TuesdayMay 19, 2020 12:21 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Prices $5MM Registered Direct Offering

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its entry into definitive agreements with investors for the purchase and sale of 8,333,334 of the Company’s American Depositary Shares (“ADSs”), each at a price of $0.60, pursuant to a registered direct offering. Foresight will secure approximately $5 million in gross proceeds from the offering, before deduction of placement agent fees and other estimated expenses. The Company intends to use the net proceeds for working capital and other general corporate purposes. Subject to the satisfaction of customary conditions, the closing of the registered direct offering…

FridayMay 15, 2020 11:25 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Joins AWARD Consortium for Development of Autonomous Heavy-Duty Vehicles

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that it has joined the All Weather Autonomous Real logistics operations and Demonstrations (“AWARD”) consortium. According to the update, the AWARD consortium submitted an application to the European Commission (“Horizon 2020”) to win funding for a large-scale project aimed at bringing disruptive change to the trucking industry, fleet operators and the entire logistics sector. The grant is expected to total 20 million Euro, of which Foresight is expected to receive approximately one million USD. The project will be rolled out in 2021 for a period…

ThursdayMay 07, 2020 1:13 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Sale of QuadSight(R) Prototype to Leading European Tier One Commercial Vehicle Supplier

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced the sale of a prototype of its QuadSight(R) four-camera vision system to a leading, multi-billion dollar European Tier One supplier of subsystems for rail and commercial vehicles. According to the update, the sale followed successful live technological demonstrations in Germany. “In 2019, Foresight identified the commercial vehicle industry as a new market suitable for the Company's unique technology. Autonomous trucks require obstacle detection capabilities in harsh weather to enable uninterrupted service throughout the day, regardless of the environmental conditions,” Foresight CEO Haim Siboni stated in…

TuesdayApr 28, 2020 12:39 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Prices $2.65MM Registered Direct Offering

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its entry into definitive agreements with investors for the purchase and sale of 5,300,000 of the Company’s American Depositary Shares (“ADSs”), each at a price of $0.50, pursuant to a registered direct offering. Foresight will secure approximately $2.65 million in gross proceeds from the offering, before deduction of placement agent fees and other estimated expenses, and intends to use the net proceeds for working capital and other general corporate purposes. Subject to satisfaction of customary conditions, the closing of the registered direct offering is expected…

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