Foresight Autonomous Holdings Ltd., an innovator in automotive vision
systems (NASDAQ and TASE: FRSX), announced today the opening of its
innovative demonstration center to visitors.
The QuadSight™ demonstration center is located near Foresight’s offices,
giving customers, business partners and investors an opportunity to ride
in a vehicle equipped with Foresight’s automotive vision system. The
advanced demonstration equipment, simulating rain, fog, glare and
complete darkness, enables them to see, in real time, the QuadSight
system’s outstanding obstacle detection capabilities in extreme weather
and lighting conditions.
QuadSight is Foresight’s groundbreaking advanced vision system targeting
the semi-autonomous and autonomous vehicle markets. The system is
comprised of four cameras and is designed to detect nearly 100% of
obstacles under any lighting and weather conditions. The QuadSight
system was first launched in January 2018. To date, Foresight has
supplied and installed three QuadSight prototype systems to leading
vehicle manufacturers for further evaluation and testing, with a fourth
system to be installed in the coming weeks.
The opening of the demonstration center is designed to further expose
Foresight’s vision system to investors from around the world, including
strategic partners and key players from the automotive industry, and to
allow them to experience the system firsthand.
“We are proud to launch our innovative demonstration center in Israel to
investors and partners,” said Haim Siboni, Foresight’s CEO. “As we
continue to develop one of the most advanced automotive vision systems,
we are witnessing growing demand from the industry to get a real feel of
the system. The center will allow potential investors to appreciate the
QuadSight system’s capabilities.”
To schedule a visit to Foresight’s innovative experience and
demonstration center, please contact demo@foresightauto.com
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in
2015, is a technology company engaged in the design, development and
commercialization of sensor systems for the automotive industry. 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” cellular-based applications.
Foresight’s vision sensor is a four-camera system based on 3D video
analysis, advanced algorithms for image processing, and sensor fusion.
Eye-Net Mobile’s cellular-based application is a V2X
(vehicle-to-everything) accident prevention solution based on real-time
spatial analysis of clients’ movement.
The company’s systems are designed to improve driving safety by enabling
highly accurate and reliable threat detection while ensuring the lowest
rates of false alerts. Foresight is targeting the semi-autonomous and
autonomous vehicle markets and predicts that its systems will
revolutionize automotive safety by providing an automotive-grade,
cost-effective platform and advanced technology.
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 of its products, installing a fourth
prototype system in the coming weeks, further exposing Foresight’s
vision system, developing its automotive vision system, and growing
demand from 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 20, 2019, 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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