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: October 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 Foresight Autonomous Holdings Ltd.’s (the “Registrant”) press release issued on October
18, 2023, titled “Foresight: Rail Vision Receives $500,000 Order from a Leading Latin America Mining Company.”
The
first, third, and fourth 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is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.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: October 18, 2023 |
By: |
/s/ Eli
Yoresh |
|
Name: |
Eli Yoresh |
|
Title: |
Chief Financial Officer |
Exhibit
99.1
Foresight:
Rail Vision Receives $500,000 Order from a Leading Latin America Mining Company
Delivery
of the AI enabled obstacle detection MainLine system expected in Q4 2023
Ness
Ziona, Israel – October 18, 2023 – Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive
vision systems, announced today that its affiliate, Rail Vision Ltd. (“Rail Vision”), received a $500,000 purchase order
for a single MainLine system and related services from a leading Latin American (LATAM) mining company. This MainLine system is expected
to be delivered to the new customer during the fourth quarter of 2023. Foresight owns 10.2% of Rail Vision’s outstanding share
capital.
“We
have now expanded our global footprint into the massive LATAM market with this purchase order from a leading multinational mining company,”
said Shahar Hania, CEO of Rail Vision. “This is the second major mining company to use Rail Vision’s innovative AI-enabled
obstacle detection solutions, strengthening our foothold in an attractive market segment. We are confident that our MainLine system will
bring significant value to this customer by enhancing their safety and operational efficiency,” Mr. Hania concluded.
The
MainLine system, designed to overcome the challenges of the modern train industry, supports operators in identifying potential obstacles
on the tracks, such as people, rocks, debris, and vehicles, at a distance of up to two kilometers (1.2 miles), even in challenging weather
and light conditions, improving the safety of train operations, preventing collisions, and reducing downtime. Rail Vision’s products
combine sensitive imaging sensors with artificial intelligence and deep learning technologies to detect and classify obstacles on and
near the tracks generating real-time visual and acoustic alerts for the driver and the operator’s command-and-control center.
The
LATAM mining company will benefit from Rail Vision’s robust MainLine Advance Driver Assistance System (ADAS) which uses high-end
electro-optical sensors, machine learning algorithms, and edge computing capabilities to improve the safety of train operations, providing
them with accurate and timely information to make informed decisions. Rail Vision will also provide supervision, guidance, and training
services as part of the purchase order. This comprehensive approach ensures that the MainLine system is seamlessly integrated into the
customer’s existing infrastructure and operations, minimizing disruption and downtime during implementation.
About
Rail Vision Ltd.
Rail
Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed
cutting-edge, artificial intelligence based, industry-leading technology specifically designed for railways. The Company has developed
its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail
Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits
and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use
railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary
concept of autonomous trains into a practical reality. For more information please visit https://www.railvision.io/
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 benefits of its, and Rail Vision’s, technology and products and the expected timing of the delivery of the
MainLine system. 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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