Eye-Net Mobile Announces Large-Scale Trial of Cellular-Based Accident Prevention Solution
July 11 2019 - 2:25AM
Business Wire
Eye-Net™ application is available for download
on the App Store and Google Play
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an
innovator in automotive vision, announced today that its wholly
owned subsidiary, Eye-Net Mobile Ltd., will conduct in Israel a
large-scale trial of its Eye-Net™ cellular-based accident
prevention solution for the first time.
This trial marks the result of two-and-a-half years of
development activities, and represents an important milestone for
the company as it transitions from technology to product.
Thousands of users are expected to participate in the five-day
trial, which will take place from July 24th until July 29th, 2019.
The trial is open to the general public and is limited to the first
30,000 enrolled participants.
Universal Transportation Solutions Ltd. (Avis Israel franchisee)
and the Eldan group, two leading global and local car rental and
leasing groups; Trade Mobile, a leading trade-in company of leading
car importers in Israel; as well as Shagrir Group Vehicle Services
Ltd., a leading Israeli provider of towing and roadside assistance
services, have expressed willingness to participate in the
trial.
Eye-Net Mobile encourages anyone wishing to learn how to prevent
the next accident to download the Eye-Net application, now
available from the App Store get.eyenet-mobile.net/ios or Google
Play store get.eyenet-mobile.net/android.
Eye-Net is a cellular-based vehicle-to-everything (V2X) accident
prevention solution designed to protect the most vulnerable road
users in real time—including pedestrians, cyclists, scooter drivers
and car drivers—by providing collision alerts when the road users
have no direct line of sight. Eye-Net relies on proprietary,
cutting-edge technology, a set of sophisticated algorithms and
advanced system architecture, and existing cellular
infrastructure.
For more information about Eye-Net Mobile, please visit
http://www.eyenet-mobile.com, or follow the company’s LinkedIn page
Eye-Net Mobile and Instagram channel Eyenetmobile1.
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 sensors 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
that Eye-Net will conduct a large-scale trial of its accident
prevention solution, and potential participants. 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/20190710005926/en/
Investor Relations Contact: Miri Segal-Scharia CEO MS-IR
LLC msegal@ms-ir.com 917-607-8654
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