UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For
the month of: August 2023 (Report No.4)
Commission
file number: 001-38094
FORESIGHT
AUTONOMOUS HOLDINGS LTD.
(Translation
of registrant’s name into English)
7
Golda Meir
Ness
Ziona 7403650 Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
CONTENTS
Attached
hereto and incorporated herein is Foresight Autonomous Holdings Ltd.’s (the “Registrant”) press release issued on August
31, 2023, titled “Foresight: Eye-Net and SoftBank Corp. Collaborate to Introduce Cross-Collision Prevention V2X Solution Utilizing
5G MEC.”
The
first three paragraphs and the section titled “Forward-Looking Statements” in the press release are incorporated by reference
into the Registrant’s Registration Statements on Form F-3 (File No. 333-252334) and Form S-8 (Registration Nos. 333-229716, 333-239474
and 333-268653), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report is submitted,
to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
Foresight
Autonomous Holdings Ltd. |
| |
(Registrant) |
| |
|
|
| Date: August 31, 2023 |
By: |
/s/
Eli Yoresh |
| |
Name: |
Eli Yoresh |
| |
Title: |
Chief Financial Officer |
Exhibit
99.1
Foresight:
Eye-Net and SoftBank Corp. Collaborate to Introduce
Cross-Collision
Prevention V2X Solution Utilizing 5G MEC
The
collaboration consists of a multiphase work plan which could potentially lead to an extensive commercial deployment of Eye-Net in the
Japanese market through SoftBank’s multiple business partners
Ness
Ziona, Israel – August 31, 2023 - 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. (“Eye-Net” or “Eye-Net Mobile”),
has signed an agreement for a paid proof of concept (POC) project with SoftBank Corp. (Tokyo: 9434) (“SoftBank”), a Japan-based
telecommunications and IT operator. The POC project is part of a multiphase work plan which could potentially lead to a commercial deployment
of Eye-Net’s solutions in the Japanese market through SoftBank’s multiple business partners, including vehicle manufacturers,
third-party applications, local authorities, and insurance companies.
SoftBank
recognized Eye-Net’s accuracy and road safety potential following more than three years of extensive validation of Eye-Net’s
cellular-based vehicle-to-everything (V2X) technology. As a result, Softbank initiated a POC project aiming to validate the integration
of Eye-Net’s server-side technology with SoftBank’s multi-access edge computing (MEC) infrastructure. Successful completion
of this integration is a prerequisite for the deployment of Eye-Net’s solutions in the Japanese market.
The
POC project is expected to be completed by the end of 2023. Going forward, SoftBank plans to conduct verification tests with the aim
of providing collision prevention solutions for cross-collisions to local governments or corporate customers in a wide range of industries
and business categories in Japan.
“Eye-Net
Mobile’s distributed collision prediction and prevention technology is a groundbreaking initiative that will accelerate the realization
of the “next-generation infrastructure” that SoftBank is aiming for,” said Hironobu Tamba, Vice President and Head
of Data Platform Strategy Division at SoftBank. “Combined with the computing resources distributed across the mobile network, it
is expected to make a significant contribution to the realization of a nationwide urban transportation infrastructure that encompasses
multiple cities that are physically separated from each other. Through this validation process, we hope to demonstrate new possibilities
for Japan’s next generation transportation systems,” Mr. Tamba concluded.
“We
are honored to be selected by SoftBank as their preferred V2X solution after undergoing an extensive three-year technological due diligence
process. This vote of confidence reaffirms our dedication to providing cutting-edge solutions that enhance the safety of all road users,”
said Dror Elbaz, CEO of Eye-Net Mobile. “The potential extensive commercial deployment will introduce a new social road safety
approach that might allow our accident prediction and prevention solution to protect millions of users in Japan from non-line-of-sight
collisions and contribute to a safer mobile society,” Mr. Elbaz concluded.
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
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., Foresight Changzhou 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 and dense three-dimensional (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 potential for commercial deployment of Eye-Net’s solution in the Japanese market, timing of the expected
completion of the POC project, SoftBank’s plans to conduct verification tests with the aim of providing collision prevention solutions
for cross-collisions to local governments or corporate customers in a wide range of industries and business categories in Japan, and
the advantages and benefits of Eye-Net’s technology and solution. 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, 2023, 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.
Investor
Relations Contact:
Miri
Segal-Scharia
CEO
MS-IR
LLC
msegal@ms-ir.com
917-607-8654
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