Foresight Completes Integration of NVIDIA Platforms for Use in Autonomous Machines and Vehicles
November 04 2020 - 7:30AM
Business Wire
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an
innovator in automotive vision systems, announced today that it has
completed integration of its QuadSight® software on the NVIDIA®
Jetson AGX Xavier™ platform, suitable for shuttles, agriculture,
heavy equipment machines and more.
Moreover, Foresight is now part of NVIDIA Inception, an
acceleration platform that offers go-to-market support, expertise,
and technology assistance to artificial intelligence (AI) and data
science startups transforming industries using NVIDIA graphics
processing unit (GPU) accelerated solutions. Foresight also
continues its software integration efforts with the NVIDIA DRIVE
platform to help accelerate development of autonomous vehicles
(AVs).
The NVIDIA Jetson AGX Xavier platform enables Foresight to run
its stereoscopic obstacle detection software, composed of both a
visible-light and an infrared channel, designed to provide accurate
information about any object in harsh weather and lighting
conditions. The NVIDIA platform also allows Foresight to perform
fusion between the visible-light and infrared channels, generating
an accurate depth map while reducing false alerts. Jetson AGX
Xavier offers outstanding AI capabilities with big workstation
performance in a small form factor (32 trillion operations per
second at 30 watts), making it ideal for autonomous machines such
as industrial and heavy equipment vehicles.
Foresight also uses NVIDIA DRIVE, an open and scalable AV
hardware and software platform that spans from the cloud to the car
and back. This end-to-end software-defined AI solution allows
Foresight to further develop its technology for passenger vehicles
and offer enhanced perception, localization and 3D mapping
capabilities that are key for safe autonomous and highly automated
driving.
“Foresight’s revolutionary stereoscopic vision solutions are
based on advanced algorithms for image processing, 3D video
analysis and sensor fusion. Our solutions require cutting-edge
computing infrastructure that enables high performance advanced
image processing algorithms,” said David Lempert, Foresight’s Vice
President of R&D. “We are confident that NVIDIA’s platforms
offer the best possible solutions for our needs. As more and more
players in the automotive and autonomous machines markets select
NVIDIA as their preferred platform, we believe that choosing to
integrate the AI leader’s computing platforms will help us to
further develop our technological capabilities and expand our
product offerings across different market segments.”
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 Advanced Driver Assistance Systems (ADAS), 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.
For more information about Foresight and its wholly owned
subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto 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
continuing its software integration efforts with the NVIDIA DRIVE
platform to help accelerate development of AVs, the potential
benefits of the NVIDIA platforms, and that choosing to integrate
the AI leader’s computing platforms will help Foresight to further
develop its technological capabilities and expand its product
offerings across different market segments. 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 31, 2020, 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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Investor Relations Contact: Miri Segal-Scharia CEO MS-IR
LLC msegal@ms-ir.com 917-607-8654
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