Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an
innovator in automotive vision systems, announced today that its
wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net
Mobile”), has signed an agreement to join Software République.
Eye-Net will join the ecosystem of partners through Software
République’s incubation program (the “Incubation Program”).
Software République is a European innovation ecosystem for
intelligent, secure, and sustainable mobility, founded by Dassault
Systèmes SE, Eviden, Orange S.A., Renault Group, STMicroelectronics
N.V and Thales Group.
Eye-Net was selected to join the Incubation
Program for a project that will deliver an accessible
vehicle-to-everything (V2X) road safety solution for all road
users. Software République aims to complete the project by 2024,
that includes a proof-of-concept in France. Furthermore, with the
support of the Incubation Program, Eye-Net’s solution has the
potential for commercial deployment across multiple European
cities, which, if realized, is set to commence in the beginning of
2025.
"Eye-Net is grateful and excited for this
opportunity to collaborate with Software République, an innovative
ecosystem shaping tomorrow’s mobility. This collaboration is an
opportunity for us to introduce a disruptive safety approach that
will benefit all road users. We believe that our V2X accident
prevention solution, combined with Software République partners’
user distribution, may make European roads safer than ever. Eye-Net
is committed to improving road safety and making a positive
contribution to saving lives,” said Dror Elbaz, CEO of Eye-Net
Mobile.
The Incubation Program is intended to accelerate
the projects of selected startups and enhance the open innovation
of Software République’s founding companies in the areas of energy,
new mobility services and connected vehicles.
For more information about Eye-Net Mobile,
please visit www.eyenet-mobile.com, or follow the Company’s
LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and
Instagram channel, Eyenetmobile1, the contents of which are not
incorporated into this press release.
About Software République
The Software République is an open innovation
ecosystem dedicated to intelligent, secure, and sustainable
mobility. It was founded in April 2021 by six founding members:
Dassault Systèmes SE, Eviden, Orange S.A., Renault Group,
STMicroelectronics N.V and Thales Group.
The Software République builds collective
businesses focused on the future of mobility through its unique
horizontal collaboration model. The ecosystem stands out for its
innovative approach, combining established companies and start-ups
from different backgrounds to bring to market products and services
that meet the new challenges of the connected vehicle, the smart
city and energy. These projects are based on the complementary
expertise of its partners in data analysis, artificial
intelligence, cybersecurity, connectivity, and digital twins, and
on the ambition to invent a new model of innovation while keeping
people and the environment at the heart of its motivations.
For more information about Software République:
https://softwarerepublique.eu/
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
Software République’s aim to complete a proof-of-concept project in
France by 2024, that Eye-Net’s solution might be deployed in
European cities by 2025, and that the collaboration involving the
V2X accident prevention solution, combined with Software
République’s user distribution, is an opportunity for it to
introduce a disruptive safety approach that will benefit all road
users and make European roads safer than ever. 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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