Foresight, KONEC and GINT Collaborate on Prototype Development for Autonomous Tractors Toward Mass Production
Foresight Autonomous Holdings (Nasdaq: FRSX) has announced a significant three-way collaboration with KONEC, a South Korean Tier-One automotive supplier, and GINT, a South Korean agricultural automation specialist, to develop autonomous tractor systems. The partnership aims to integrate Foresight's ScaleCam system with GINT's "Pluva Auto" autonomous tractor kit.
The multi-phase collaboration is expected to generate up to $35 million in revenue by 2030, with initial sales starting in 2026. The project will begin with prototype development, followed by finished product development including design co-development, certifications, and mass production. The final phase will incorporate automotive-grade cameras developed jointly by Foresight and KONEC.
Foresight Autonomous Holdings (Nasdaq: FRSX) ha annunciato una significativa collaborazione a tre con KONEC, fornitore automobilistico sudcoreano di livello Tier-One, e GINT, specialista sudcoreano in automazione agricola, per sviluppare sistemi per trattori autonomi. La partnership mira a integrare il sistema ScaleCam di Foresight con il kit per trattori autonomi "Pluva Auto" di GINT.
La collaborazione, articolata in più fasi, dovrebbe generare fino a $35 milioni di ricavi entro il 2030, con le prime vendite previste per il 2026. Il progetto inizierà con lo sviluppo di prototipi, seguito dalla realizzazione del prodotto finito comprensiva di co-progettazione, certificazioni e produzione di massa. Nella fase finale verranno integrate telecamere di qualità automotive sviluppate congiuntamente da Foresight e KONEC.
Foresight Autonomous Holdings (Nasdaq: FRSX) ha anunciado una colaboración trilateral significativa con KONEC, un proveedor automotriz surcoreano de primer nivel, y GINT, especialista surcoreano en automatización agrícola, para desarrollar sistemas de tractores autónomos. La alianza busca integrar el sistema ScaleCam de Foresight con el kit de tractor autónomo "Pluva Auto" de GINT.
La colaboración, en varias fases, se espera que genere hasta $35 millones en ingresos para 2030, con las primeras ventas previstas para 2026. El proyecto comenzará con el desarrollo de prototipos, seguido por el desarrollo del producto acabado incluyendo co-diseño, certificaciones y producción en masa. La fase final incorporará cámaras de nivel automotriz desarrolladas conjuntamente por Foresight y KONEC.
Foresight Autonomous Holdings (Nasdaq: FRSX)는 한국의 티어원 자동차 부품업체 KONEC 및 농업 자동화 전문업체 GINT와 함께 자율 트랙터 시스템을 개발하기 위한 3자 협력을 발표했습니다. 이 파트너십은 Foresight의 ScaleCam 시스템을 GINT의 자율 트랙터 키트인 "Pluva Auto"와 통합하는 것을 목표로 합니다.
이 다단계 협력은 $35 million(약 3,500만 달러)까지의 매출을 2030년까지 창출할 것으로 예상
Foresight Autonomous Holdings (Nasdaq: FRSX) a annoncé une collaboration tripartite importante avec KONEC, un fournisseur automobile sud-coréen de premier rang, et GINT, spécialiste sud-coréen de l'automatisation agricole, pour développer des systèmes de tracteurs autonomes. Le partenariat vise à intégrer le système ScaleCam de Foresight au kit de tracteur autonome "Pluva Auto" de GINT.
Cette collaboration en plusieurs phases devrait générer jusqu'à $35 millions de revenus d'ici 2030, les premières ventes étant prévues en 2026. Le projet commencera par le développement de prototypes, puis par le développement du produit fini incluant la co-conception, les certifications et la production de masse. La phase finale intégrera des caméras de qualité automotive développées conjointement par Foresight et KONEC.
Foresight Autonomous Holdings (Nasdaq: FRSX) hat eine bedeutende Dreier-Zusammenarbeit mit KONEC, einem südkoreanischen Tier-One-Automobilzulieferer, und GINT, einem südkoreanischen Spezialisten für Agrarautomatisierung, angekündigt, um autonome Traktorsysteme zu entwickeln. Ziel der Partnerschaft ist es, Foresights ScaleCam-System mit GINTs autonomem Traktor-Kit "Pluva Auto" zu integrieren.
Die mehrphasige Zusammenarbeit soll bis zu $35 Millionen Umsatz bis 2030 generieren, wobei die ersten Verkäufe 2026 beginnen sollen. Das Projekt startet mit der Prototypentwicklung, gefolgt von der Entwicklung des fertigen Produkts inklusive gemeinsamer Konstruktion, Zertifizierungen und Serienfertigung. In der letzten Phase werden automotive-taugliche Kameras integriert, die gemeinsam von Foresight und KONEC entwickelt werden.
- Projected revenue of up to $35 million by 2030
- Strategic partnership with established Tier-One supplier KONEC and market leader GINT
- Clear path to commercialization with initial sales expected by 2026
- Integration with South Korea's top-selling autonomous driving tractor kit
- Long timeline to revenue generation with initial sales not starting until 2026
- Success dependent on prototype validation and meeting performance indicators
- Multiple development phases required before mass production
Insights
Foresight's strategic partnership with KONEC and GINT could generate $35M by 2030 through autonomous tractor technology integration.
Foresight's three-way collaboration agreement marks a significant expansion into the agricultural automation sector, positioning the company to capitalize on the growing autonomous machinery market. The partnership structure is particularly noteworthy for its phased approach to commercialization, starting with prototype development integrating Foresight's ScaleCam system with GINT's "Pluva Auto" autonomous tractor kit before advancing to full product development and mass production.
The projected
The partnership leverages complementary strengths: Foresight contributes advanced 3D perception systems, KONEC brings automotive-grade manufacturing capabilities as a Tier-One supplier to major companies like Tesla and Hyundai, while GINT provides specialized agricultural automation expertise with its market-leading autonomous tractor kit in South Korea.
Agricultural autonomy presents a strategic advantage over passenger vehicle autonomy—farming environments typically have fewer regulatory hurdles, more controlled operational domains, and more immediate economic incentives for automation. This makes the commercialization path potentially faster and less complex than consumer autonomous vehicles.
The planned development of automotive-grade cameras by Foresight and KONEC indicates the partnership aims to create robust, scalable components that meet durability requirements for harsh agricultural environments while potentially finding applications in other sectors like construction and defense where Foresight has established interests.
Revenue potential of up to
Ness Ziona, Israel, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today the signing of a three-way agreement with KONEC Ltd. (“KONEC”), a leading South Korean Tier-One automotive supplier, and GINT Ltd. (“GINT”), a South Korean company specializing in automation technologies for agricultural machinery, construction equipment and automobiles, to develop an autonomous control system based on Foresight’s 3D perception technology for autonomous tractors. This follows the agreement with GINT and KONEC, as announced by the Company on December 2, 2024.
The agreement outlines a multi-phase collaboration preparing for mass production and commercial deployment, expected to generate up to
The first phase of the commercial collaboration will focus on a prototype development project, intended to present a pilot version of Foresight’s ScaleCam system integrated with GINT’S autonomous tractor kit “Pluva Auto.” The prototype will be tested against a set of jointly defined key performance indicators, with the goal of validating technical integration and gathering business feedback from potential customers. Following successful validation, the parties intend to advance to a finished product development phase, which will include final design co-development, certifications, and transfer to mass production of the complete product, which will be marketed to KONEC’s, GINT’s, and Foresight’s customers, business partners and other third parties. The mass production phase is planned to incorporate automotive-grade cameras, to be developed by Foresight and KONEC, as part of the commercial finished good offering.
The collaboration is designed to efficiently transition from prototype demonstration to commercial deployment, combining the unique capabilities of all three collaborators.
About KONEC
KONEC is a leading Tier-One automotive supplier that manufactures automobile parts for eco-friendly vehicles using a high-pressure die-casting process. KONEC has established a batch production system for lightweight metal raw materials, molds, castings, processing, and assembly through cooperation among its group affiliates. Major customers include Tesla, Hyundai Motor, and Kia. In addition to the existing business scope of lightweight metal body, chassis, and body parts, KONEC is venturing into new industries in line with the electrification of mobility and software advancements.
About GINT
GINT develops technology to increase efficiency and create value for traditional transportation and production equipment, including tractors, agricultural machinery, construction equipment, and automobiles. GINT offers “Pluva Auto” - South Korea's No. 1 selling autonomous driving tractor kit. GINT's solutions include telematic devices, electronic control units and cloud-based fleet management systems for agriculture mobility.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company’s controlled subsidiaries, Foresight Automotive Ltd., Foresight Changzhou 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 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs).
Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net’s innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles.
For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on X (formerly Twitter), or join Foresight Automotive on LinkedIn.
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 expected revenues from the agreement and the timing thereof, the initial sales and timing thereof, the different phases of the project and the expected contributions of the parties in each phase of the project. 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 for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ("SEC") on March 24, 2025, 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.
Investor Relations Contact:
Miri Segal-Scharia
CEO
MS-IR LLC
msegal@ms-ir.com
917-607-8654
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