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Foresight Autonomous Holdings Ltd's (NASDAQ: FRSX) wholly-owned subsidiary, Eye-Net Mobile Ltd, has joined a pilot project with the IT subsidiary of a multi-billion dollar multinational Japanese company.
The project will test Eye-Net Protect cellular-based vehicle-to-everything (V2X) accident prevention solution.
The pilot project will evaluate Eye-Net's solution for possible integration as an application layer into the Japanese company's car-to-everything (C2X) platform to create safer driving environments.
It will enable the Japanese company to expand its communication capabilities to include more vulnerable road users such as pedestrians, cyclists, and drivers.
Eye-Net Mobile expects this current pilot project to open up new collaboration opportunities in the cellular-V2X market.
Price action: FRSX shares are trading higher by 3.92% at $3.43 on the last check Tuesday.
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