Eye-Net™ Protect will be available at Wunder
Marketplace to micro-mobility and EV operators in more than 900
cities worldwide
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an
innovator in automotive vision systems, announced today that its
wholly owned subsidiary, Eye-Net Mobile Ltd., has signed an
agreement with WunderCar Mobility Solutions, a German-based
software, vehicles and service provider that enables companies and
cities worldwide to launch and scale new mobility services.
As the urban use of micro-mobility vehicles such as electric
bikes and electric scooters expands, safety solutions for all road
users become increasingly important. According to the agreement,
Eye-Net will be included in Wunder Mobility’s Marketplace online
platform and will introduce its Eye-Net™ Protect accident
prevention solution to potential global corporate customers seeking
mobility tech-focused applications. Wunder Mobility has partners in
more than 900 cities around the globe who use its platform to power
carpooling, ride-hailing, fleet sharing and rental services, as
well as to purchase sharing-ready vehicles, finance their fleets,
and extend their software.
The Eye-Net™ Protect safe micro-mobility solution is an
intuitive and easy-to-use mobile application that provides
real-time pre-collision alerts to pedestrians and micro-mobility
users. The Eye-Net™ solution suite enhances road safety and
situational awareness for all road users in the urban mobility
environment by incorporating cutting-edge AI technology and
advanced analytics.
“The Wunder Marketplace provides mobility providers with
seamless access to services that fit their needs and that can be
easily connected to their existing software ecosystem. We are
delighted that Eye-Net is using our Wunder Marketplace to further
drive its expansion into the European market. With their innovative
solution, Eye-Net is hitting a nerve, especially with cities, as
they place great importance on the safety of micro-mobility
vehicles,” said Gunnar Froh, CEO & Co-founder of Wunder
Mobility.
“Eye-Net is now targeting the European market following a
successful expansion of activities in Japan. The Wunder Marketplace
is a great platform to expose Eye-Net™ Protect to mobility
providers. Micro-mobility vehicles typically lack any kind of
safety warning system, and the engagement with Wunder Mobility
provides an out-of-the-box solution for micro-mobility operators
looking to enhance their users’ safety,” said Dror Elbaz, COO &
Deputy CEO of Eye-Net Mobile.
For more information about Eye-Net Mobile, please visit
www.eyenet-mobile.com, or follow the Company’s LinkedIn page,
Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel,
Eyenetmobile1, the contents of which are not incorporated into this
press release.
About Wunder Mobility
Wunder Mobility is a global leading Mobility-Tech company based
in Germany and backed by investors from Europe and the United
States. Wunder provides turn-key solutions that enable companies
and cities worldwide to provide clean, convenient, and accessible
mobility. Cities and companies in 900+ cities on six continents use
the Wunder platform to launch and scale new mobility services,
manage and finance fleets of shared vehicles, optimize daily
operations and improve urban planning and traffic management.
Wunder technology is used by 100+ clients from across the world,
including German, Japanese and American OEMs, VC-backed start-ups
and progressive cities. The global Wunder team of 40 nationalities
includes veterans from the tech and travel industry and 50% of the
team are in Product & Engineering.
Wunder Mobility was founded by Gunnar Froh and Samuel Baker in
2014.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a
technology company developing smart multi-spectral vision software
solutions and cellular-based applications. 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” accident-prevention
solutions.
Foresight’s vision solutions include modules of automatic
calibration, sensor fusion and dense 3D point cloud that can be
applied to different markets such as automotive, defense,
autonomous vehicles and heavy industrial equipment. Eye-Net
Mobile’s cellular-based solution suite provides real-time
pre-collision alerts to enhance road safety and situational
awareness for all road users in the urban mobility environment by
incorporating cutting-edge AI technology and advanced
analytics.
For more information about Foresight and its wholly owned
subsidiary, Foresight Automotive, visit www.foresightauto.com,
follow @ForesightAuto1 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
the engagement with Wunder Mobility to commercialize Eye-Net’s
solution in mobility-tech applications, the potential of such
engagement, and all statements (other than statements of historical
facts) that address activities, events, or developments that the
Company intends, expects, projects, believes, or anticipates will
or may occur in the future. 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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version on businesswire.com: https://www.businesswire.com/news/home/20210202005697/en/
Investor Relations Contact: Miri Segal-Scharia CEO MS-IR
LLC msegal@ms-ir.com 917-607-8654
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