Foresight Autonomous Holdings Ltd. FRSX Archives - Page 8 of 11

MondayApr 01, 2019 9:55 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Receives Notice of Allowance for First US Patent Application Relating to Core Technology

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced its receipt of a notice of allowance for its first patent application, number 16/078,489, for the company’s “running vehicle alerting system and method.” According to the update, the patent combines features of Foresight’s QuadSight automotive vision system with Eye-Net Mobile’s cellular-based V2X accident prevention solution, and it will allow Foresight to use its stereoscopic camera-based object detection capabilities to provide collision alerts through the Eye-Net application in order to reduce the likelihood of accidents and injuries. “We are very excited about this notice of allowance for…

ThursdayMar 21, 2019 10:14 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Releases Financial Results for Q4 and Full Year 2018

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Wednesday announced financial results for the fourth quarter and full year 2018. Per the update, Foresight ended Q4 of 2018 with $15.7 million in cash and short-term deposits. This amount does not include approximately $6.2 million in gross proceeds raised through a March 19, 2019 public offering. The company reported GAAP net loss of $9.4 million for the fourth quarter 2018, and non-GAAP net loss of $4.1 million for the same period. “Multiple positive developments in 2018 served to validate the strength of our QuadSight(TM) vision system,” Foresight CEO…

WednesdayMar 20, 2019 9:52 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Closes Public Offering of 4.1M American Depositary Shares

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Tuesday announced the closing of an underwritten public offering of 4,100,000 American Depositary Shares (“ADSs”), which includes 100,000 ADSs sold pursuant to a partial exercise by the underwriters of the underwriters’ over-allotment option, each at a price to the public of $1.50 per ADS. According to the update, the company’s gross proceeds from this offering are expected to be approximately $6.2 million, of which it intends to use the net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase additional ADSs to cover over-allotments,…

FridayMar 15, 2019 9:38 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Prices Public Offering of 4M American Depositary Shares

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced the pricing of an underwritten public offering of 4,000,000 American Depositary Shares (“ADSs”), each at a price to the public of $1.50 per ADS, with expected gross proceeds of approximately $6,000,000 to the company. According to the update, the company intends to use the offering’s net proceeds for general corporate purposes. Foresight has granted underwriters a 45-day option to purchase up to 600,000 additional ADSs at the public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. Subject to customary conditions, the offering is…

ThursdayMar 14, 2019 9:29 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Affiliate Receives $10M Strategic Investment

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its affiliate, Rail Vision Ltd., and Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG, executed an agreement in which Knorr-Bremse will invest $10 million in Rail Vision for a 21.3% share of Rail Vision. The investment will be made in two installments. Additionally, Knorr-Bremse has been issued warrants to purchase further shares of Rail Vision and will appoint a director and two non-voting observers to Rail Vision’s board of directors. After completion of the investment, Foresight’s holdings in Rail Vision will be 25.53% on…

WednesdayMar 06, 2019 9:47 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Subsidiary Completes Successful Trial of V2X Solution in Netanya, Israel

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., in collaboration with the municipality of Netanya and the National Road Safety Authority, successfully completed a controlled trial of its Eye-Net solution. Eye-Net is a cellular-based vehicle-to-everything (“V2X”) accident prevention solution designed to use smartphones and rely on existing cellular networks to provide pre-collision alerts in real time to pedestrians and vehicles. The purpose of the trial, conducted at a central intersection in Netanya, Israel’s seventh largest city, was to create a real-time, reliable communication channel between road users…

MondayMar 04, 2019 9:36 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) QuadSight Prototype Ordered by Leading Israeli Defense Company

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced an additional sale of a prototype of its QuadSight product, a four-camera vision system targeted for the semi-autonomous and autonomous vehicle market. According to the update, one of Israel’s leading defense companies ordered the prototype system with the intention of using QuadSight in its future unmanned vehicles for the defense industry. Revenue from the sale is expected to total tens of thousands of dollars. “This order from a leading defense company opens a new market for our QuadSight vision system and extends the product’s capabilities,” Haim…

TuesdayFeb 19, 2019 9:27 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) QuadSight(TM) Selected as 2019 Edison Awards Finalist

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its QuadSight(TM) vision system was named a finalist in the prestigious 2019 Edison Awards in the Transportation & Logistics, Autonomous Vehicles category. The Edison Awards, named after Thomas Alva Edison, recognize and honor the best in innovators and innovations around the globe and will announce gold, silver and bronze award winners at the Edison Awards Gala to be held in New York City on Thursday, April 4, 2019. “It is a great honor for Foresight to be included among the impressive list of Edison Award finalists,”…

WednesdayJan 30, 2019 10:15 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Secures $1M Investment and Enters Binding Agreements, Strategic Development Alliance with RH Electronics

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced its entry into an investment agreement, a development services agreement, and a binding memorandum of understanding (“MOU”) for manufacturing and engineering consulting services with RH Electronics Ltd., a primary contractor in the manufacturing and assembly of electronic systems. According to the update, RH will invest in Foresight, and Foresight will retain RH’s services for a multi-phase project to develop FPGA and ASIC solutions for Foresight’s QuadSight vision system. Under the investment agreement, which is subject to customary closing conditions and expected at the beginning of February 2019,…

MondayJan 07, 2019 9:47 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Eye-Net Mobile Collaborates with Leading Israeli Cellular Provider in Successful Initial Integration

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary Eye-Net Mobile Ltd. has successfully installed its Eye-Net application’s communication layer on the data center of a leading Israeli cellular provider. A V2X cellular-based accident prevention solution, Eye-Net is designed to provide real-time pre-collision alerts to pedestrians and vehicles through smartphones and reliance on existing cellular networks. Collaboration with the cellular provider and leveraging its technological expertise and engineering design assistance may improve Eye-Net’s efficiency, allowing for more accurate alerts, most significant with the application’s deployment across a large number of mobile…

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