Foresight Announces Major New Technological Features for QuadSight® Vision System
January 06 2020 - 8:00AM
Business Wire
The advanced technological progress will be displayed in real
time in Foresight’s booth at the CES 2020 show in Las Vegas
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an
innovator in automotive vision, announced today that the Company
has developed significant advanced features for its four-camera
QuadSight® vision system. The new features were developed to meet
customer requirements following successful evaluation of several
QuadSight system prototypes purchased over the past year. These
capabilities will significantly improve the QuadSight system’s
performance in accurately measuring obstacle size, location and
distance, even in harsh lighting and weather conditions.
The QuadSight system’s new features include automatic
calibration, 3D point cloud and multispectral sensor
fusion.
Automatic calibration: The main challenge using stereo
vision technology is the ability to create a precise 3D depth map
in a dynamic environment, achieved through synchronization and
calibration of the stereoscopic cameras. In order to obtain precise
measurements of the vehicle’s surroundings, it is necessary to
estimate the rotation of one camera compared to the other for each
frame, a calculation known as relative pose estimation. Foresight
has developed a proprietary solution known as automatic calibration
which uses unique algorithms to successfully assess relative pose
estimations. Automatic calibration is fundamental for creating an
accurate stereoscopic 3D perception while ensuring system
robustness.
Point cloud is a set of data points which generates
accurate pixel location and distance for complete 3D mapping. To
the best of the Company’s knowledge, QuadSight is the only sensor
which generates an infrared-based point cloud. Foresight’s
technology generates a high-resolution depth map which is converted
to a high-resolution 3D point cloud; this provides accurate
information on the vehicle’s surroundings including the location
and distance of any object in the field of view. In addition, the
Company intends to further develop its unique point cloud solution
to fuse data from both visible light and longwave infrared
channels. Point cloud provides raw 3D data that can be used for
obstacle detection, terrain analysis and fusion with other
autonomous vehicle sensors.
Multispectral sensor fusion: The QuadSight system
combines two channels which consist of stereo visible-light cameras
and stereo long-wave infrared thermal cameras to provide accurate
obstacle detection in harsh lighting and weather conditions. The
system performs fusion between the two stereoscopic channels
in order to generate an accurate depth map while reducing false
alerts. In addition, the system can decide which channel to choose,
in real time, according to the relevant scenario.
To learn more about Foresight’s technological capabilities,
visit the Company’s new website www.foresightauto.com
Visitors to Foresight’s booth #1307 at CES 2020, January 7–10 at
the Westgate Las Vegas, will be able to appreciate these latest
technological developments. To schedule a meeting at CES, please
contact ces2020@foresightauto.com.
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, the contents of which are not
incorporated into this press release.
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 benefits of its products and that new capabilities will
significantly improve the QuadSight system’s performance in
accurately measuring obstacle size, location and distance, even in
harsh lighting and weather conditions. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200106005412/en/
Investor Relations Contact: Miri Segal-Scharia CEO MS-IR
LLC msegal@ms-ir.com 917-607-8654
Foresight Autonomous (NASDAQ:FRSX)
Historical Stock Chart
From Apr 2024 to May 2024
Foresight Autonomous (NASDAQ:FRSX)
Historical Stock Chart
From May 2023 to May 2024