Foresight: Eye-Net Partners With WebSIA for Exclusive Distribution in Sao Paulo, Brazil
April 21 2021 - 8:17AM
Business Wire
Sao Paulo’s state government unveils a new
program aimed at accelerating smart city initiatives in the areas
of infrastructure and transportation
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., signed a distribution
agreement with WebSIA Soluções Disruptivas, Inteligências
Associadas, Tecnologia e Serviços Ltda., a Brazilian distributor,
developer and integrator focused on cutting-edge technologies.
According to the agreement, WebSIA will exclusively promote and
sell the Eye-Net™ Protect cellular-based accident prevention
solution and serve as Eye-Net’s distributor in the city of Sao
Paulo to support customers and generate new business. Following
successful integration of Eye-Net’s solutions in Sao Paulo, the
parties may expand the agreement to additional territories.
“We are extremely honored with the opportunity to bring
Eye-Net’s technology which we strongly believe in — a secure
mobility solution dedicated to the prevention of accidents and
saving lives,” said Rodrigo Santos, Vice President of Innovation
and Technology at WebSIA.
“We are excited to expand our activities to Latin America and
specifically in Sao Paulo, Brazil's most densely populated and
technologically advanced region. Sao Paulo’s state government
recently announced a new program aimed at accelerating smart city
initiatives in the areas of infrastructure and transportation in
its municipalities. Integrating our solution into different smart
city projects in this city of 12 million people may help us to
achieve a critical mass of Eye-Net Protect users in a defined area
and increase the chances of preventing accidents and saving lives.
Through our partnership with WebSIA, we hope to further expand into
Latin America in the future and extend our market penetration,”
said Dror Elbaz, COO and Deputy CEO of Eye-Net Mobile.
Eye-Net™ Protect is an intuitive and easy-to-use mobile
application that provides real-time pre-collision alerts to drivers
and vulnerable road 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.
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 WebSIA Founded in
2011, WebSIA creates, builds, develops and implements architecture
and business intelligence, with a focus on solutions, innovation
and online services. WebSIA is a distributor, developer and
integrator focused on cutting-edge technologies in Brazil and
worldwide, and offering complete, innovative solutions that provide
intelligent and profitable results for the Brazilian and Latin
American market. Learn more about WebSIA’s solutions at
www.websia.com.br
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 diverse 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 distribution
agreement with WebSIA to promote and sell Eye-Net Mobile’s
cellular-based accident prevention solutions in the Sao Paulo
market and its hope to further expand into Latin America in the
future and extend market penetration. 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 30, 2021, 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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