Foresight Autonomous Holdings Ltd. FRSX Archives - Page 9 of 11

WednesdayDec 19, 2018 9:50 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Demonstrate QuadSight’s Obstacle Detection Capabilities at CES 2019

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) announced today that it, as a CES 2019 Innovation Awards Honoree in the Vehicle Intelligence and Self-Driving Technology category, will showcase a live demonstration of its QuadSight vision system for semi-autonomous and autonomous vehicles. Foresight will broadcast during the evening hours in Israel and demonstrate, in real time, QuadSight’s capabilities to detect any obstacle in darkness, fog, rain, and blinding glare. The demonstration will be shown in booth #2206 at CES 2019, which will be held at the Westgate Las Vegas from January 8–11, 2019. “In 2018, QuadSight’s remarkable vision…

MondayDec 17, 2018 9:43 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) and RH Electronics Ltd. Form Strategic Alliance

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced its entry into a non-binding development and investment agreement with RH Electronics Ltd., a primary contractor in the assembly and manufacture of electronic systems. Under the agreement, RH will engage directly and/or through its approved contractor, Tonson Labs, to develop chip-based FPGA and ASIC solutions for Foresight’s four-camera vision system, QuadSight, in a multi-phase project. According to the update, RH will lay the infrastructure for an FPGA-board platform in the initial phase of the project; it intends to proceed with the development and manufacture of an…

MondayDec 03, 2018 9:41 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Completes Successful Installation of First QuadSight Prototype System

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced the successful delivery and installation of its first QuadSight prototype system for evaluation by a leading European commercial vehicle manufacturer. After successful installation and completion of initial performance testing, the customer will continue independent evaluation of QuadSight’s performance. “This successful installation marks an important milestone in Foresight’s roadmap,” Foresight CEO Haim Siboni stated in the news release. “We believe that in-vehicle evaluations of the QuadSight™ vision system will clearly demonstrate its advantage over competing systems by its ability to detect any obstacles under harsh weather and…

ThursdayNov 15, 2018 9:28 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Posts Q3 2018 Financial Results

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning reported financial results for the third quarter ended September 30, 2018. Among other highlights, the report noted that the company ended the quarter with $19.3 million in cash and short-term deposits. Foresight also reported GAAP net loss of $3.75 million and non-GAAP net loss of $3.76 million. “During the third quarter, we continued early sales of our QuadSight prototype and expanded our geographic footprint into Asia,” Foresight Autonomous Holdings CEO Haim Siboni stated in the news release. “We are pleased that a leading Chinese electric and autonomous vehicle…

FridayNov 09, 2018 11:19 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) QuadSight Wins 2019 CES Innovation Award

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its QuadSight vision system has been chosen from a competitive group of innovative products as a 2019 CES Innovation Award honoree in the Vehicle Intelligence and Self-Driving Technology category. As a winner of the Innovation Award, QuadSight will be on display at the CES Innovation Award Showcase. In addition, Foresight will be presenting a live demonstration of its QuadSight vision system at CES 2019, taking place January 8–11 at the Westgate Las Vegas, booth #2206. “Developing safe autonomous vehicles is one of the great technical challenges…

MondayNov 05, 2018 10:02 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Increases Stake in RailVision after Substantial Technological and Commercial Advancements

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has increased its stake in RailVision Ltd. by exercising warrants into 2,704 ordinary RailVision shares for an aggregate of $0.6 million. The move follows last September’s InnoTrans International Trade Fair for Transport Technology in Berlin, where RailVision demonstrated substantial commercial and technological progress. As a result of the exercise, Foresight now holds 36.33 percent of RailVision’s issued and outstanding share capital, of which 33.78 percent is on a fully diluted basis. RailVision, a leading provider of cutting-edge safety systems and cognitive vision sensor technology…

ThursdayNov 01, 2018 9:19 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) to Present Business Update and Live Demonstration of QuadSight in December

Automotive technology company Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it will hold an investor conference and present a live demonstration of its breakthrough QuadSight™ quad-camera vision system on December 17th, 2018, in Rehovot, Israel. The live demonstration will be conducted at Foresight’s cutting-edge demonstration site which is able to simulate extreme weather and lighting conditions such as heavy rain and fog. Foresight will also be providing a business update and outlook on the company’s plans moving forward. Subsequent to the demonstration, the presentation will be accessible on the Investor Relations page of Foresight’s website. To…

TuesdayAug 28, 2018 9:18 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Secures Another QuadSight™ Prototype Sale

Automotive technology company Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has secured an additional sale of a prototype of its breakthrough QuadSight™ quad-camera vision system. The truck division of one of Europe’s largest vehicle manufacturers ordered the stereoscopic technology system, marking the second sale of QuadSight™ prototype to a leading European original equipment manufacturer (“OEM”). Revenue from the sale is anticipated to total tens of thousands of dollars. “This is the third order from different automotive manufacturers Foresight has received over the last 3 months, showing the industry’s interest in the company’s revolutionary technology,” Foresight…

TuesdayAug 21, 2018 9:34 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Selected as New Mobility World Lab18 Startup Challenge Finalist

Automotive technology company Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has been selected as a finalist in the New Mobility World (NMW) Lab18 Startup Challenge. Per the update, Foresight was selected from a pool of more than 100 applicants spanning 29 countries to reach the final round. “It is a great honor to make the finals list at this year’s NMW Lab18 Startup Challenge,” Haim Siboni, CEO of Foresight, stated in the news release. “This achievement recognizes that Foresight’s breakthrough QuadSight™ system has an important role in shaping the future of the automotive industry.…

FridayAug 17, 2018 9:43 am

QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Reports Financial Results for 2Q2018

Automotive technology company Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning reported its financial results for the second quarter of 2018. Among the highlights, the company ended the three-month period with $19.6 million in cash and short-term deposits, up from $18.3 million the previous year. Foresight also highlighted its progress toward commercializing its innovative automotive vision technology. “During the second quarter, we announced the first sales of our QuadSight™ prototype. The prototypes were ordered by a truck division of a large European vehicle manufacturer and by a leading global Chinese electric vehicle manufacturer, as both companies indicated their…

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