Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., will begin its first pilot project in India with a local telematics company, a venture facilitated by Eye-Net’s Indian distributor. According to the update, the Indian telematics company will evaluate the performance of the Eye-Net(TM) Protect collision prediction solution in various scenarios, including those involving vehicles, pedestrians and bicycle riders. Successful evaluation may lead to possible commercialization and integration of Eye-Net Protect into the telematics company’s service suite for commercial fleets and governmental vehicle operators such as ambulances, city buses and taxis. “We believe that working with a local distributor is the right strategic choice as we begin this first pilot project in India, a true door opener for Eye-Net into the Indian market and one that will potentially expand our presence in Asia,” said Dror Elbaz, COO and deputy CEO of Eye-Net Mobile. “The collaboration with a telematics company indicates the added value of our solution to automotive-related industries, enhancing vehicle safety and potentially preventing accidents and saving lives.”
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About Foresight Autonomous Holdings Ltd.
Foresight is a technology company developing smart multispectral vision software solutions and cellular-based applications. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to diverse markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.ForesightAuto.com.
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