Foresight Receives Notice of U.S. Patent Allowance for 3D Image Analysis System and Calibration Technology
October 25 2023 - 8:30AM
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX)
(“Foresight” or the “Company”), an innovator in automotive vision
systems, announced today that it has received a notice of allowance
from the U.S. Patent and Trademark Office for its patent
application, number 17/982,691, for “System and Method for
Stereoscopic Image Analysis.”
The patented technology enables the generation
of 3D depth perception from any given pair of cameras, even those
that have different optical properties and fields of view. This
capability allows for flexible cameras positioning on vehicles, and
also enables vehicle manufacturers to leverage different existing
cameras that could not previously be used for depth perception.
This technology improves obstacle detection and enhances
understanding of road conditions for advanced driver-assistance
system (ADAS) or autonomous driving.
The patented technology includes a method for
automatic calibration of cameras and a computationally efficient
method for calculating dense depth maps. This technology transforms
a pair of cameras and a processor into a high frequency and
accurate depth sensor.
This patent serves as the underlying technology
of Foresight’s Mono2Stereo™ and Mono2Stereo™ 360° perception
enhancement solutions. The Mono2Stereo and Mono2Stereo™ 360°
solutions enhance existing vision sensor systems by using
proprietary software-based algorithms to create 3D and 360° 3D
perception, respectively. These solutions are designed to amplify
the performance of existing ADAS sensors resulting in better
distance accuracy and more robust active safety features.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and
TASE: FRSX) is a technology company developing smart multi-spectral
vision software solutions and cellular-based applications. Through
the Company’s wholly owned subsidiaries, Foresight Automotive Ltd.,
Foresight Changzhou 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 and dense three-dimensional (3D) point cloud
that can be applied to different 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, follow @ForesightAuto1 on Twitter, or join
Foresight Automotive on LinkedIn.
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
the potential benefits of its technology and products. 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 annual report on Form 20-F filed with the
Securities and Exchange Commission ("SEC") on March 30, 2023, 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.
Investor Relations Contact:
Miri Segal-Scharia CEOMS-IR LLC
msegal@ms-ir.com917-607-8654
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