NESS ZIONA, Israel--(BUSINESS WIRE)--
Foresight’s CEO: "The center enables key industry players and investors to get a real feel of our automotive vision system."
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 firstname.lastname@example.org
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.
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.