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Foresight's Eye-Net Plans Pilot Project With Multinational Japanese Company

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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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