Foresight’s new vision system is designed to
achieve near-100% obstacle detection under all weather conditions
with near zero false alerts
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an
innovator in automotive vision systems, announced today that the
Company will showcase, for the first time, its groundbreaking
QuadSightTM vision system targeting the semi-autonomous and
autonomous vehicle market at CES 2018 in Las Vegas, January 9–12,
in booth #7538.
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the full release here:
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QuadSight - Automotive Vision, Perfected.
(Photograph Copyright 2018 by Foresight Automotive Ltd. All rights
reserved.)
Foresight regards QuadSightTM as the industry’s most accurate,
quad-camera vision system, offering exceptional obstacle detection
for semi-autonomous and autonomous vehicle safety. Using proven,
highly advanced image-processing algorithms, QuadSightTM uses
four-camera technology that combines two pairs each of stereoscopic
infrared and daylight cameras to set a new bar for autonomous
vehicle vision. QuadSightTM is designed to achieve near-100%
obstacle detection with near zero false alerts under any weather or
lighting conditions – including complete darkness, rain, haze, fog
and glare.
“At Foresight, we believe that a car’s vision system should be
nothing less than perfect,” said Haim Siboni, CEO of Foresight.
“Vision is the foundation of passenger safety, and vision
perfection under all weather and lighting conditions is clearly the
breakthrough that vehicle makers need to build consumer confidence
in order to accelerate autonomous vehicle adoption.”
QuadSightTM, Foresight’s breakthrough innovation, is derived
directly from field-proven security technology and incorporates
accurate image-processing algorithms and sensor fusion, achieving
superior detection under all weather and lighting conditions.
“Because vision perfection is that elusive capability autonomous
vehicle makers have long pursued, the potential impact of
Foresight’s breakthrough cannot be
overstated,” said leading market analyst Jean-Christophe
Eloy, President, CEO and Founder of Yole
Développement, part of the Yole Group of Companies, which
includes System Plus Consulting, KnowMade, PISEO and
Blumorpho. “In a single stroke, QuadSightTM surpasses so many
other approaches that simply can’t address the real world need for
all-weather, all-conditions driving, making it
the relevant answer for the industry’s long-term
trajectory.”
Stereoscopic vision technology’s exceptional three-dimensional
(3D) images, detection and accuracy are essential for safe and
reliable semi-autonomous and autonomous vehicle vision systems.
Stereoscopic cameras exceed a human driver’s ability to see 3D
objects in real time, whether objects are large or small, in-motion
or static, or detected from short or long-range distances. The
dynamic driving environment demands a level of accuracy that only
stereoscopic cameras can provide.
CES attendees can view an in-car QuadSightTM demo at Foresight’s
booth #7538. Contact Foresight to schedule a demo. For a brief
video on the QuadSightTM vision technology, click here.
A prototype of the QuadSightTM system will be available for
pilot projects during the first half of 2018. Development,
completion and commercialization of the QuadSightTM system is
expected during the second half of 2019.
For more information about Foresight and its wholly owned
subsidiary, Foresight Automotive, please
visit www.foresightauto.com, follow @ForesightAuto
on Twitter, or join Foresight Automotive on LinkedIn.
About Foresight
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX),
founded in 2015, is a technology company engaged in the design,
development and commercialization of stereo/quad-camera vision
systems for the automotive industry based on 3D video analysis,
advanced algorithms for image processing and sensor fusion. The
company, through its wholly owned subsidiary Foresight Automotive
Ltd., develops advanced systems for accident prevention, which are
designed to provide real-time information about the vehicle's
surroundings while in motion. The systems are designed to improve
driving safety by enabling highly accurate and reliable threat
detection while ensuring the lowest rates of false alerts. The
company’s systems are targeting the Advanced Driver Assistance
Systems (ADAS), semi-autonomous and autonomous vehicle markets. The
company estimates that its systems will revolutionize automotive
safety by providing an automotive grade, cost-effective platform,
and advanced technology.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other Federal
securities laws. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates" and similar expressions
or variations of such words are intended to identify
forward-looking statements. For example, Foresight is using
forward-looking statements in this press release when it discusses
that it will showcase, for the first time, its groundbreaking
QuadSightTM vision system, the potential of its technology, that a
prototype of the QuadSightTM system will be available for pilot
projects during the first half of 2018, the timing of development,
completion and commercialization of the QuadSightTM system, and
that it estimates that its systems will revolutionize automotive
safety. Because such statements deal with future events and are
based on Foresight’s current expectations, they are subject to
various risks and uncertainties and actual results, performance or
achievements of Foresight could differ materially from those
described in or implied by the statements in this press
release.
The forward-looking statements contained or implied in this
press release are subject to other risks and uncertainties,
including those discussed under the heading "Risk Factors" in
Foresight's registration statement on Form 20-F filed with the
Securities and Exchange Commission ("SEC") on June 1, 2017, and in
any subsequent filings with the SEC. Except as otherwise required
by law, Foresight undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. References and links to websites have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
Foresight is not responsible for the contents of third party
websites.
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version on businesswire.com: http://www.businesswire.com/news/home/20180103005717/en/
Investor Relations Contact:Miri Segal-SchariaCEOMS-IR
LLCmsegal@ms-ir.com917-607-8654orMedia Contacts:Rainier
CommunicationsMary Lynch Cadwallader/Marianne
Dempseyforesight@rainierco.com508-475-0025
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