ChineseNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Eye-Net to Conduct Technological Demonstrations in Collaboration with Leading European Cellular Provider

Company: Foresight Autonomous Holdings Ltd. (FRSX)
Category: News

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., will conduct technological demonstrations over the 5G cellular network in collaboration with the innovation labs of a top multinational European cellular provider to test its Eye-Net(TM) Protect cellular-based vehicle-to-everything (“V2X”) accident prevention solution. According to the update, the cellular provider will conduct the technological demonstrations in front of different business units within its organization as well as several commercial partners. “Conducting technological demonstrations in collaboration with a leading European cellular provider marks a vote of confidence in Eye-Net’s innovative technology and potential. The technological demonstrations will run on the cellular provider’s 5G network, which is expected to enable enhanced performance, serving as a use case for a massive IoT application,” said Dror Elbaz, COO and deputy CEO of Eye-Net Mobile. “Eye-Net Protect provides real-time pre-collision alerts to all road users. A future partnership with a leading multinational cellular service provider may allow widespread deployment of Eye-Net Protect and may increase the chances of preventing accidents and saving lives.”

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About Foresight Autonomous Holdings Ltd.

Foresight 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 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

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