Foresight’s Eye-Net Achieves Positive Results in Large-Scale Public Transit Project with Renault and Orange in France

Rhea-AI Summary

Foresight (Nasdaq:TASE: FRSX) majority-owned subsidiary Eye-Net completed a large-scale live trial of the SafeCycloMove V2X collision-prevention project in Bordeaux on March 13, 2026.

The trial demonstrated positioning accuracy, ultra-low latency, stable real-time communication and full scalability under heavy load, and the parties are in active commercial discussions to pursue joint commercialization.

Positive

• Large-scale live trial completed in Bordeaux with public transit network integration
• Technical readiness shown: positioning accuracy, ultra-low latency, stable communication
• Full scalability demonstrated under heavy load across buses and cyclists
• Multi-party integration with Renault, Orange, Keolis, Atos and local authorities

Negative

• Commercial terms not finalized; parties are in active discussions rather than executing contracts

News Market Reaction – FRSX

-25.45% 98.9x vol

46 alerts

-25.45% News Effect

+14.5% Peak Tracked

-36.7% Trough Tracked

-$1M Valuation Impact

$4M Market Cap

98.9x Rel. Volume

On the day this news was published, FRSX declined 25.45%, reflecting a significant negative market reaction. Argus tracked a peak move of +14.5% during that session. Argus tracked a trough of -36.7% from its starting point during tracking. Our momentum scanner triggered 46 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $4M at that time. Trading volume was exceptionally heavy at 98.9x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Reality Check

Price: $2.05 Vol: Volume 13,353 vs 20-day a...

low vol

$2.05 Last Close

Volume Volume 13,353 vs 20-day average 34,628 (relative volume 0.39) ahead of this positive update. low

Technical Shares trade below the 200-day MA of 6.61 and sit 83.41% under the 52-week high, 18.22% above the 52-week low.

Peers on Argus

Auto parts peers were mixed: CREV (-19.58%), REE (-4.19%), WPRT (-1.95%) versus ...

1 Down

Auto parts peers were mixed: CREV (-19.58%), REE (-4.19%), WPRT (-1.95%) versus gains in WKSP (2.33%) and GTEC (2.56%). One momentum peer (CVGI, -2.58%) was down with no news, pointing to stock-specific rather than broad sector drivers.

Historical Context

5 past events · Latest: Mar 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 10	Smart-city agreement	Positive	-6.1%	New Japanese smart-city and road-safety development and commercialization deal.
Feb 20	ADS ratio change	Neutral	-4.8%	ADS ratio change aimed at supporting Nasdaq listing compliance.
Feb 09	V2X trial results	Positive	+2.9%	Excellent Bordeaux V2X trial results and reference to commercialization talks.
Jan 27	Japan V2X update	Positive	+0.0%	Advancement of multi-phase V2X collaboration with SoftBank in Japan.
Jan 20	SoftBank collaboration	Positive	-23.6%	Announcement of strategic multi-phase V2X collaboration with SoftBank.

Pattern Detected

Recent history shows frequent negative or muted price reactions to generally positive development and partnership news, with only one clear positive alignment.

Recent Company History

Over the last few months, Foresight has focused on commercializing its 3D perception and V2X safety technologies. On Jan 20 and Jan 27, Eye-Net’s multi‑phase V2X collaboration with SoftBank in Japan and broader road‑safety initiatives were highlighted. On Feb 9, the Bordeaux “Collision Prevention” trial with Renault and Orange was first reported, followed by an ADS ratio change on Feb 20. A new Japanese smart‑city agreement was announced on Mar 10. Today’s news reiterates the Bordeaux trial’s positive technical and commercial implications within this road‑safety rollout.

Regulatory & Risk Context

Active S-3 Shelf · $2.8 million

Shelf Active

Active S-3 Shelf Registration 2025-12-12

$2.8 million registered capacity

An effective Form F-3 shelf dated Dec 12, 2025 registers up to 3,179,723 ADSs for resale upon exercise of Series A and Series C warrants. The company would receive only nominal proceeds from Series A at $0.02 per ADS and approximately $2.8 million from full Series C warrant exercise at $2.7125 per ADS, with potential additional dilution from these warrants and equity plans.

Market Pulse Summary

The stock dropped -25.4% in the session following this news. A negative reaction despite positive te...

Analysis

The stock dropped -25.4% in the session following this news. A negative reaction despite positive technical and commercialization progress in Bordeaux would fit the stock’s recent pattern, where multiple favorable V2X and smart‑city announcements saw flat or declining prices. With shares trading well below the 6.61 200‑day MA and 83.41% under the 52‑week high, sentiment had already been weak. The Form F-3 registration for warrant‑related resale and potential dilution could also have magnified risk perceptions.

Key Terms

3d perception systems, vehicle-to-everything (v2x), collision-prevention, software development kit, +4 more

8 terms

3d perception systems technical

"Foresight Autonomous Holdings Ltd. ..., an innovator in 3D perception systems, announced..."

3D perception systems are sensor and software setups that let machines “see” the shape, distance and motion of objects in three dimensions, similar to how human eyes and brain judge depth and movement. Investors watch them because they enable technologies like self-driving cars, industrial robots, augmented reality and advanced medical imaging — products that can open large markets or cut costs by automating tasks and improving safety.

vehicle-to-everything (v2x) technical

"Eye-Net’s vehicle-to-everything (“V2X”) collision-prevention technology in a live..."

Vehicle-to-everything (V2X) is a system that lets cars and other vehicles communicate wirelessly with other vehicles, road infrastructure, pedestrians’ devices and the broader network, like a traffic-aware messaging system. For investors it matters because V2X can reduce accidents, improve traffic flow and unlock new software, sensor and data services, creating revenue opportunities for automakers, suppliers and telecom providers while also exposing firms to regulatory, infrastructure and cybersecurity risks.

collision-prevention technical

"SafeCycloMove “Collision Prevention” project in the city of Bordeaux, France."

Collision-prevention describes technologies and systems designed to detect impending crashes and automatically warn operators or take corrective action—like braking or steering—to avoid or lessen impact. For investors, it matters because these systems influence product safety ratings, regulatory approval, liability exposure and consumer acceptance; stronger collision-prevention can lower accident costs and boost market value much like a reliable brake improves overall vehicle safety.

software development kit technical

"Eye-Net’s Software development kit was integrated into several different applications..."

A software development kit (SDK) is a prepared set of code, tools and instructions that lets other developers build apps or features that work with a company’s product or platform — like giving builders a branded toolbox and blueprint. Investors care because a widely used SDK can grow a product’s ecosystem, speed adoption, create ongoing revenue or lock in customers, and signal whether third parties find the platform easy and valuable to work with.

ultra-low latency technical

"including positioning accuracy, ultra-low latency, stable real-time communication..."

Ultra-low latency means reducing the time it takes for market data or an order to travel between systems and be acted on to the smallest possible fraction of a second. For investors, lower delay can mean faster trade execution, smaller price slippage and the ability to capture fleeting price differences—like a sprinter beating others to the finish line—so firms with ultra-low latency systems can gain a measurable edge in competitive trading environments.

real-time communication technical

"including positioning accuracy, ultra-low latency, stable real-time communication..."

Real-time communication is the immediate exchange of information between people or systems with almost no delay, like a live conversation rather than a voicemail. For investors it matters because instant updates — such as market data, executive comments, or operational alerts — can change buying and selling decisions quickly, similar to seeing a live scoreboard that alters how you bet during a game.

artificial intelligence (ai) technical

"By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics..."

Artificial intelligence (AI) is the development of computer systems that can perform tasks typically requiring human intelligence, such as understanding language, recognizing patterns, and making decisions. For investors, AI can enhance how businesses analyze data, automate processes, and innovate, potentially leading to increased efficiency and new opportunities in the market.

cellular networks technical

"and existing cellular networks, Eye-Net’s innovative solution suite delivers..."

Cellular networks are the systems of radio-based transmitters, towers and switching equipment that let mobile devices send and receive voice, data and messages by handing connections off across small geographic “cells,” like a series of linked local roads for wireless traffic. Investors watch them because their coverage, speed and capacity determine how many customers a carrier can serve, what services can be offered, and how much companies must spend on upgrades—factors that directly affect revenue, costs and growth potential.

AI-generated analysis. Not financial advice.

Following a very successful collaboration, the parties are in active commercial discussions to pursue joint commercialization of the solution

Ness Ziona, Israel, March 13, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that its majority-owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), together with Renault Group, Orange S.A. (“Orange”) and other participants, recently announced the successful completion of a large-scale live trial of the SafeCycloMove “Collision Prevention” project in the city of Bordeaux, France. The initiative is a part of Eye-Net’s ongoing collaboration with Software République to advance smart mobility innovation and support efficient urban transportation in France and across Europe.

The live trial demonstrated positive technical performance across all key parameters, including positioning accuracy, ultra-low latency, stable real-time communication, and full scalability under heavy load. These results confirm the real-world readiness of Eye-Net’s vehicle-to-everything (“V2X”) collision-prevention technology in a live public-transportation environment involving buses and cyclists.

Led by the Lab TBMouv, Bordeaux Métropole and Keolis Bordeaux Métropole Mobilités, during the trial, Eye-Net’s Software development kit was integrated into several different applications at the same time, including an app by Orange, Keolis’ TBM app for cyclists, and the Atos app installed inside buses, all in collaboration with Renault Group, Allianz, Atos SE and the Bordeaux INP. The trial took place across Bordeaux’s public transportation network. Eye-Net’s alerting system was integrated into the TBM Mobility App, a public transit navigation platform, enabling real-time data exchange between buses and cyclists to help prevent collisions with vulnerable road users, particularly in areas with obstructed visibility.

The trial evaluated the performance and reliability of cooperative collision-prevention alerts, collected feedback from real users, and assessed technical readiness and user acceptance to support broader deployment across transportation networks.

About Eye-Net

Eye-Net develops next-generation 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 Eye-Net, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; X (formerly Twitter), @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.

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).

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on 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 the real-world readiness of Eye-Net’s V2X collision-prevention technology in a live public-transportation environment involving buses and cyclists. 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

FAQ

What did Eye-Net announce about the SafeCycloMove trial in Bordeaux on March 13, 2026 (FRSX)?

The trial successfully demonstrated V2X collision-prevention performance across buses and cyclists. According to the company, tests showed positioning accuracy, ultra-low latency, stable communication and scalability under heavy load.

Which partners participated with Eye-Net in the Bordeaux SafeCycloMove pilot (FRSX)?

Renault, Orange, Keolis, Atos, Allianz and local authorities participated in the pilot. According to the company, integration included apps by Orange, TBM app for cyclists and Atos' in-bus app.

How did Eye-Net integrate its collision-prevention system into Bordeaux's transit network (FRSX)?

Eye-Net integrated its SDK and alerting system into multiple apps and bus systems for real-time alerts. According to the company, this enabled data exchange between buses and cyclists via existing cellular networks.

Does the Bordeaux SafeCycloMove pilot mean Eye-Net has commercial deals now (FRSX)?

No definitive contracts were announced; parties are in active commercial discussions. According to the company, discussions aim to pursue joint commercialization following the positive trial results.

What were the main technical outcomes of Eye-Net's March 13, 2026 pilot in Bordeaux (FRSX)?

The pilot confirmed positioning accuracy, ultra-low latency, stable real-time communication and scalability. According to the company, these outcomes support real-world readiness for public-transportation deployment.