Foresight Opens Demonstration Center to Investors
June 05 2019 - 2:30AM
Business Wire
Foresight’s CEO: "The center enables key
industry players and investors to get a real feel of our automotive
vision system."
Foresight Autonomous Holdings Ltd., an innovator in automotive
vision systems (NASDAQ and TASE: FRSX), announced today the opening
of its innovative demonstration center to visitors.
The QuadSight™ demonstration center is located near Foresight's
offices, giving customers, business partners and investors an
opportunity to ride in a vehicle equipped with Foresight's
automotive vision system. The advanced demonstration equipment,
simulating rain, fog, glare and complete darkness, enables them to
see, in real time, the QuadSight system’s outstanding obstacle
detection capabilities in extreme weather and lighting
conditions.
QuadSight is Foresight's groundbreaking advanced vision system
targeting the semi-autonomous and autonomous vehicle markets. The
system is comprised of four cameras and is designed to detect
nearly 100% of obstacles under any lighting and weather conditions.
The QuadSight system was first launched in January 2018. To date,
Foresight has supplied and installed three QuadSight prototype
systems to leading vehicle manufacturers for further evaluation and
testing, with a fourth system to be installed in the coming
weeks.
The opening of the demonstration center is designed to further
expose Foresight's vision system to investors from around the
world, including strategic partners and key players from the
automotive industry, and to allow them to experience the system
firsthand.
“We are proud to launch our innovative demonstration center in
Israel to investors and partners,” said Haim Siboni, Foresight’s
CEO. "As we continue to develop one of the most advanced automotive
vision systems, we are witnessing growing demand from the industry
to get a real feel of the system. The center will allow potential
investors to appreciate the QuadSight system’s capabilities."
To schedule a visit to Foresight's innovative experience and
demonstration center, please contact demo@foresightauto.com
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 sensor systems for the
automotive industry. 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” cellular-based applications. Foresight’s
vision sensor is a four-camera system based on 3D video analysis,
advanced algorithms for image processing, and sensor fusion.
Eye-Net Mobile’s cellular-based application is a V2X
(vehicle-to-everything) accident prevention solution based on
real-time spatial analysis of clients’ movement.
The company’s systems are designed to improve driving safety by
enabling highly accurate and reliable threat detection while
ensuring the lowest rates of false alerts. Foresight is targeting
the semi-autonomous and autonomous vehicle markets and predicts
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
the potential of its products, installing a fourth prototype system
in the coming weeks, further exposing Foresight's vision system,
developing its automotive vision system, and growing demand from
the industry. 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 20, 2019, 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: https://www.businesswire.com/news/home/20190604006041/en/
Investor Relations Contact:Miri Segal-SchariaCEOMS-IR
LLCmsegal@ms-ir.com917-607-8654
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