Foresight Signs an Agreement with a Leading European Car Manufacturer to Advance its Stereo Vision AI-Based Solution

Rhea-AI Summary

Foresight (Nasdaq/TASE: FRSX) signed an agreement with a leading European car manufacturer to run a Proof-of-Concept (POC) validating its stereo-vision AI system for off-road driving.

The POC will be installed on the vehicle platform, demonstrated in daylight and low-light, and—if validated—may lead to a joint development phase adding automatic field classification and a three-level output.

Positive

• POC agreement with a leading European car manufacturer
• Stereo-vision AI aimed at real-time off-road passability analysis
• Intended joint development phase to add automatic field classification

Negative

• No financial terms, timelines, or commercial commitments disclosed
• Partner identity unspecified, limiting external validation of scope

News Market Reaction – FRSX

-5.88% 1.5x vol

6 alerts

-5.88% Session close to close

-15.9% Trough in 28 min

$5.09M Market Cap

1.5x Rel. Volume

In the Apr 24 session, FRSX declined 5.88%, reflecting a notable negative market reaction. Argus tracked a trough of -15.9% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -5.9% in the session following this news. A negative reaction despite an AI commerci...

Analysis

The stock moved -5.9% in the session following this news. A negative reaction despite an AI commercialization update would contrast with prior AI-tagged releases, which averaged about 2.94% positive moves. The stock trades well below its 5.38 200‑day MA and far under its 52‑week high of 15.96, so broader skepticism toward the business model or financing overhang from registered ADS resales could weigh on sentiment even when operational milestones are announced.

Previous AI Reports

4 past events · Latest: Jan 16 (Positive)

Same Type Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 16	AI delivery milestone	Positive	+1.8%	First commercial batch of ScaleCam systems delivered to SUNWAY-AI in China.
Dec 04	AI parking deal	Positive	+0.8%	Three-way AI smart parking collaboration with 7meerkat and KONEC in South Korea.
Sep 24	AI transport pact	Positive	+5.2%	Strategic AI agreement with China Design Group for smart transportation solutions.
Jul 08	AI logistics integration	Positive	+4.0%	Agreement to integrate ScaleCam into SUNWAY-AI autonomous logistics vehicles.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

AI-tagged announcements have consistently seen positive next-day moves, indicating past market support for FRSX’s AI and 3D perception commercialization updates.

Recent Company History

Across prior AI-related milestones, FRSX highlighted commercialization of its 3D perception and AI solutions in logistics, smart parking, and smart transportation. Events on Jul 8, 2024, Sep 24, 2024, Dec 4, 2024, and Jan 16, 2025 involved agreements and first deliveries, with all four prompting positive price reactions. Today’s AI-tagged POC with a leading European car manufacturer extends this commercialization pattern into off-road automotive use-cases.

Key Terms

stereo vision, artificial intelligence, 3d perception systems, v2x, +1 more

5 terms

stereo vision technical

"validate Foresight’s stereo vision artificial intelligence (“AI”)-based solution"

Stereo vision is the ability to perceive depth and three-dimensional shape by comparing two slightly different views captured from separate cameras or eyes, much like how having two eyes lets you judge how far away an object is. For investors, stereo vision matters because it is a core technology for products that need accurate depth sensing—such as autonomous vehicles, robotics, augmented reality, and certain medical imaging devices—and it can affect a company’s product performance, safety profile, competitive edge, and market potential.

artificial intelligence technical

"stereo vision artificial intelligence (“AI”)-based solution for off-road"

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

3d perception systems technical

"innovator in 3D perception systems, today announced that it has entered"

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.

v2x technical

"develops next-generation vehicle-to-everything (V2X) collision prevention"

V2X (vehicle-to-everything) is a wireless communication system that lets cars share information with other vehicles, road infrastructure, pedestrians, and networks—like a neighborhood walkie-talkie for traffic. For investors, V2X matters because it enables safer, more efficient driving, creates demand for new chips, sensors and software, and can unlock revenue streams from data services and traffic management, making it a key technology driver in automotive and telecom markets.

uavs technical

"equipment and unmanned aerial vehicles (UAVs). Eye-Net Mobile develops"

Unmanned aerial vehicles (UAVs) are remote-controlled or autonomous flying machines—think of them as motorized, programmable model airplanes or helicopters that can carry cameras, sensors, cargo or other equipment without an onboard pilot. For investors, UAVs matter because they create new revenue streams and cost savings across industries like defense, delivery, agriculture, and inspection, while being sensitive to regulation, technology changes, and manufacturing supply chains.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Next steps entail joint development agreement introducing automatic AI-based classification, upon successful POC

Ness Ziona, Israel, April 24, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, today announced that it has entered into an agreement with a leading European car manufacturer (the “Car Manufacturer”), for a Proof-of-Concept (“POC”) to validate Foresight’s stereo vision artificial intelligence (“AI”)-based solution for off-road driving scenarios.

Under the agreement, Foresight will develop and demonstrate a POC system based on its stereo vision technology, to be installed on the Car Manufacturer’s vehicle platform. The system will provide real-time surroundings analysis ahead of the vehicle, assess off-road passability according to the Car Manufacturer’s vehicle parameters, and display clear visual guidance on safe and unsafe areas, with support for different field types selected by the user. The POC will include live demonstrations in both daylight and low-light conditions at the Car Manufacturer’s facilities.

Upon successful completion and validation of first phase, the parties intend to enter into a joint development agreement for a second phase. This next phase will introduce automatic AI -based field classification, localized sub-region evaluation, a three-level classification output and enhanced robustness for broader environmental variability.

“We are excited to partner with a top-tier car manufacture on this strategic POC,” said Oren Bar-On, Co-Chief Executive Officer of Foresight Automotive Ltd. “Surroundings intelligence, powered by our proven stereoscopic vision expertise, directly addresses key off-road challenges by providing reliable real-time field awareness and path recommendations, even in demanding conditions. We believe that a successful demonstration will pave the way for deeper collaboration in the second phase and bring enhanced safety and capability to the Car Manufacture’s future vehicles.”

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 the potential benefits and uses of its technologies, the potential for a POC project with the Car Manufacturer and its belief that a successful demonstration will pave the way for deeper collaboration in the second phase and bring enhanced safety and capability to the Car Manufacturer’s future vehicles. 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, 2025 filed with the Securities and Exchange Commission ("SEC") on March 25, 2026, 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 is the scope of Foresight (FRSX) POC with the European car manufacturer?

The POC will validate a stereo-vision AI system for off-road passability and guidance. According to the company, demonstrations will run on the manufacturer’s vehicle platform in daylight and low-light, assessing safe and unsafe areas per vehicle parameters.

What features will the second-phase joint development include for FRSX?

The next phase is intended to add automatic AI-based field classification and localized sub-region evaluation. According to the company, it will also introduce a three-level classification output and enhanced robustness for varied environments.

Will Foresight (FRSX) system work in low-light conditions during the POC?

Yes. The POC includes live demonstrations in both daylight and low-light conditions. According to the company, the system is designed to provide real-time surroundings analysis and visual guidance across lighting conditions.

Does the FRSX announcement disclose financial terms or timeline for commercialization?

No. The announcement does not provide financial terms, pricing, or firm commercialization timelines. According to the company, the current agreement covers a POC and contemplates a conditional joint development phase after validation.

How does Foresight (FRSX) claim its stereo-vision AI aids off-road driving?

The system analyzes surroundings, assesses passability against vehicle parameters, and displays safe/unsafe areas to users. According to the company, it provides real-time field awareness and path recommendations for demanding off-road scenarios.