Foresight Autonomous Holdings Ltd. FRSX Archives - Page 5 of 11

MondayApr 27, 2020 12:25 pm

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Affiliate Rail Vision Receives First Commercial Order from Leading European Train Operator

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd. (for which Foresight owns approximately 24% outstanding shares), received its first commercial order from a leading European train operator. According to the update, the order consists of the purchase of an Assisted Remote Shunting prototype system and an Operational Functional Test (“OFT”) for a total value of approximately 500,000 Euro. The OFT of the system is scheduled for Q4 2020, and a commercial agreement with the leading European train operator detailing future phases is expected to be signed in…

WednesdayApr 22, 2020 11:03 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Continued Progress Amidst COVID-19

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today provided an update on its operational and financial measures in response to the COVID-19 pandemic. According to the update, the company and its wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., are fully maintaining business activities as usual, with minimal impact to research and development, business development and marketing. In response to the COVID-19 outbreak and its financial implications, Foresight took decisive action to reduce its monthly cash burn spending by more than 20%. The company is pleased with its technological development progress and…

WednesdayApr 01, 2020 10:54 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Enters Agreement with FLIR Systems Inc. (NASDAQ: FLIR) to Develop, Market and Distribute QuadSight(R) Vision System

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its entry into an agreement with FLIR Systems Inc. (NASDAQ: FLIR), the world’s largest and leading commercial company specializing in the design and production of thermal imaging cameras, components and sensors. Under the agreement, the parties will establish a strategic cooperation plan for the development, marketing and distribution of Foresight’s QuadSight(R) vision system, combined with FLIR Systems’ infrared cameras, to a wide range of prospective customers. Foresight will exclusively purchase its thermal cameras from FLIR for all systems to be commercialized worldwide as part of…

MondayMar 30, 2020 11:50 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Eye-Net Mobile Enters Collaboration Agreement with Smart City Company NoTraffic Ltd.

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., has signed a collaboration agreement with NoTraffic Ltd., which has developed a novel and proprietary platform solution that solves today’s traffic challenges while unlocking mobility benefits for traffic agencies. According to the update, the Autonomous Traffic Management Platform enables cities for the first time to intelligently implement traffic policy in a seamless way and operate autonomously in order to maximize traffic flow, reduce congestion, prioritize different types of vehicles, and prevent accidents. Under the agreement, the companies…

FridayMar 13, 2020 9:39 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Financial Results for Q4, Full Year 2019

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, on Thursday announced financial results for the fourth quarter and full year 2019. According to the update, Foresight ended the fourth quarter of 2019 with $10.1 million in cash and short-term deposits. The company reported GAAP net loss of $4.37 million and non-GAAP net loss of $4 million for the fourth quarter of 2019. “Foresight completed 2019 with a series of positive developments, as our QuadSight(R) vision system continued to gain commercial interest as well as award recognition,” Foresight’s CEO Haim Siboni said in the news release.…

TuesdayMar 03, 2020 9:26 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Management to Provide Presentation at 32nd Annual ROTH Conference

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, this morning announced that the company’s Chief Financial Officer Eli Yoresh and Vice President of Business Development Doron Cohadier will present at the 32nd Annual ROTH Conference, which is taking place from March 15-17, 2020 at The Ritz Carlton, Laguna Niguel, CA. Foresight’s presentation is scheduled to take place on Monday, March 16, 2020 at 11:00 AM PST. Additionally, Doron Cohadier will participate in a panel titled, “Connected Automobile” at 12 PM PST on March 16. Management will also be available throughout March 16 and 17 for…

TuesdayFeb 18, 2020 9:47 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Receipt of QuadSight(R) Prototype Order from Multi-Billion Dollar Japanese Vehicle Manufacturer

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced the sale of an additional prototype of its QuadSight(R) four-camera vision system designed for the semi-autonomous and autonomous vehicle market. According to the update, one of the top global vehicle manufacturers, a multi-billion dollar Japanese company, ordered the prototype system, requesting rapid delivery due to an existing market need. The Japanese vehicle manufacturer participated in live technological demonstrations consisting of testing the QuadSight system in different predefined scenarios on the customer’s premises at the end of January 2020. The prototype sale validates the importance of…

MondayFeb 03, 2020 9:40 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Eye-Net Mobile Named a Finalist in GSMA’s MWC Barcelona 2020 Global Mobile Awards

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that Eye-Net Mobile Ltd., its wholly owned subsidiary, was named a finalist in the Best Mobile Innovation for Automotive category in the GSMA’s 2020 Global Mobile (“GLOMO”) Awards. The prestigious awards recognize pioneering individuals, teams, organizations and partnerships in the connected world. The GLOMO Awards ceremony is scheduled to take place at MWC Barcelona on Tuesday, February 25, 2020. “It is a great honor for Eye-Net Mobile to be included among the impressive list of GLOMO Awards finalists,” Foresight CEO Haim Siboni said in the…

ThursdayJan 30, 2020 9:51 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Foresight Affiliate Rail Vision in Advanced Negotiations with Leading European Train Operator for First Commercial Agreement

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., is in advanced negotiations regarding its first commercial agreement with a leading European train operator. The agreement contemplates the purchase of a prototype system of Rail Vision’s shunting yard solution for a total value of approximately 500,000 Euro and, upon successful prototype evaluation, will entail the purchase of approximately 30 more shunting yard systems for an additional 2.5 million Euro. In addition, the European train operator may exercise its option to purchase an additional 45 shunting yard systems for…

TuesdayJan 14, 2020 9:18 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Present 2019 Achievements, 2020 Goals at Annual Investor Conference

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, today announced that it will be holding its annual investor conference on January 30th, 2020 at the Tel Aviv Stock Exchange (“TASE”) Conference Center in Tel Aviv, Israel. Among other topics, the company will present achievements from 2019, new technological developments, and goals for 2020. Foresight will also provide a recap regarding the actions and advancement of its Eye-Net Mobile Ltd. subsidiary and its affiliate, Rail Vision Ltd. The investors’ presentation will be available on the company’s website after the conference takes place. For more information and registration,…

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