NetworkNewsWire Announces Publication on Autonomous Innovators Driving Opportunity on Road to $7 Trillion
July 12 2018 - 8:30AM
via NetworkWire — NetworkNewsWire ("NNW"), a multifaceted financial
news and publishing company, today announces the publication of an
editorial featuring Foresight Autonomous Holdings (NASDAQ: FRSX)
(TASE: FRSX), a client of NNW engaged in the design, development
and commercialization of stereo/quad-camera vision systems and V2X
cellular-based solutions for the automotive industry.
To view the full publication, titled “$7 Trillion Annual Market
Projected for Autonomous Autos by 2050,” visit:
http://nnw.fm/8Ko3h
In addition to QuadSight, Foresight has
developed two other primary products. The company’s Eyes-On™
solution provides an ADAS with unique stereo vision. The system can
detect objects about the size of a legal pad from 100 meters away
and all other potential obstacles — stationary or in motion,
regardless of shape, form or material — with nearly 100 percent
accuracy and reliability.
Foresight’s Eye-Net is a cellular-based accident prevention
solution designed to provide real-time, precollision alerts to both
vehicles and pedestrians. Optimized for urban environments and
high-speed scenarios, the system provides a complementary layer of
protection to advanced driver assistance systems and extends this
protection to road users who are not in direct line of sight.
Foresight recently completed a successful multi-user trial of its
Eye-Net accident prevention solution involving 120 users of Android
and iOS cell phones located across Israel.
The company has garnered a wealth of industry and media
attention. Foresight demonstrated its QuadSight forward-facing
camera solution at the International Consumer Electronics Show
(CES) 2018 to great reviews, and QuadSight was lauded by EE Times
for the first-of-its-kind quad camera multispectral vision solution
that operated in all weather and lighting conditions. Foresight was
also featured in CNBC’s article on “What Driving Will Look Like in
2028,” while Electronic Design presented an article that went into
detail on the Foresight system.
About ForesightForesight 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 and V2X cellular-based solutions
for the automotive industry. Foresight’s vision systems are 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. For more information, visit the
company’s website at www.ForesightAuto.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content
distribution company that provides (1) access to a network of wire
services via NetworkWire to reach all target markets,
industries and demographics in the most effective manner possible,
(2) article and editorial syndication to 5,000+ news outlets, (3)
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social media distribution via the Investor Brand Network (IBN) to
nearly 2 million followers, (5) a full array of corporate
communications solutions, and (6) a total news coverage solution
with NNW Prime. As a multifaceted organization with an extensive
team of contributing journalists and writers, NNW is uniquely
positioned to best serve private and public companies that desire
to reach a wide audience of investors, consumers, journalists and
the general public. By cutting through the overload of information
in today’s market, NNW brings its clients unparalleled visibility,
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Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications Contact:
NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com
212.418.1217 Office Editor@NetworkNewsWire.com
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