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: September 2023
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 the Registrant’s press release issued on September 21, 2023, titled “Foresight Partners
with One of the World’s Largest Electric Vehicle Manufacturers.” A copy of this press release is furnished herewith as Exhibit
99.1.
Exhibit
99.1 is 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the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.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:
September 22, 2023 |
By: |
/s/
Eli Yoresh |
|
Name:
|
Eli
Yoresh |
|
Title: |
Chief
Financial Officer |
Exhibit 99.1
Foresight Partners with
One of the World’s Largest Electric Vehicle Manufacturers
Parties sign collaboration agreement to evaluate Foresight’s
3D perception capabilities for enhancing the OEM’s automotive vision solutions
Ness Ziona, Israel
– September 21, 2023 - Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”
or the “Company”), an innovator in automotive vision systems, announced today the signing of a multi-phase cooperation agreement
with a leading global electric vehicle (EV) Chinese original equipment manufacturer (OEM), specializing in EVs, rechargeable batteries
and related products.
The first phase of the agreement consists of a proof
of concept (POC) project to evaluate Foresight’s 3D perception capabilities, including high resolution point cloud, object detection
and disparity map, for possible enhancement of the OEM’s current automotive vision solution.
Upon successful completion of the POC project, the
parties intend to negotiate a definitive commercial agreement for the joint development, integration and commercialization of Foresight’s
technology into the OEM’s automotive vision systems. Furthermore, the OEM will introduce Foresight’s technology to its subsidiaries
as well as customers and partners, presenting Foresight as a business partner and facilitating relationships between Foresight and the
OEM’s partners.
A senior executive at the Chinese OEM stated, “we
are constantly looking for cutting-edge and competitive technologies to retain our leadership. We look forward to teaming up with Foresight
to enhance our 3D perception vision systems. This collaboration reflects our commitment to advancing driver safety, and together we are
dedicated to integrating innovative technologies that will make our roads safer for everyone.”
“By potentially integrating our cutting-edge
3D perception solutions into the products of such a global OEM EV leader, we are ready to help take stereo vision systems to the next
level, setting new benchmarks for safety and innovation in the industry,” said Haim Siboni, CEO of Foresight.
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 POC and its various
phases, and that it is ready to help take stereo vision systems to the next level, setting new benchmarks for safety and innovation in
the industry. 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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