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Foresight Autonomous Holdings Ltd - FRSX STOCK NEWS

Welcome to our dedicated news page for Foresight Autonomous Holdings (Ticker: FRSX), a resource for investors and traders seeking the latest updates and insights on Foresight Autonomous Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Foresight Autonomous Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Foresight Autonomous Holdings's position in the market.

News
Foresight: Rail Vision Receives Order from Leading US-based Rail Contractor of up to $5 Million
Rhea-AI Summary
Foresight Autonomous Holdings Ltd. (FRSX) announced that its affiliate, Rail Vision Ltd. (RVSN), signed a supply contract with a US-based rail and leasing services company valued at up to $5 million for the purchase of Rail Vision’s AI-based Switch Yard Systems. The contract marks Rail Vision’s entrance into the US market and reflects its commitment to enabling the rail industry with cutting-edge AI-based technology. The unique Switch Yard System combines advanced vision sensors with AI and deep learning technologies to streamline and enhance the safety of railway operators' industrial switching operations. The contract's first phase is valued at $1 million, with follow-on orders subject to customer approval. It also includes specific purchase quotas that provide the customer with exclusivity in the North American industrial railyards switching segment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.2%
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none
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News
Foresight CEO Letter to Shareholders
Rhea-AI Summary
Foresight Autonomous Holdings Ltd. (FRSX) achieved significant milestones in 2023, including a strategic investment of over $1.1 million, refocusing on defense and industrial vehicle initiatives, and securing collaborations with leading Japanese and Chinese vehicle manufacturers, Elbit Systems Land Ltd., and KONEC. The modularity of their software vision solutions and the success of their subsidiary, Eye-Net, also contributed to their success. CEO Haim Siboni expressed confidence in the company's future and anticipated new partnerships and commercialization progress in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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none
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News
Foresight Collaborates with One of the World’s Largest Electric Vehicle Brands
Rhea-AI Summary
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) signed a collaboration agreement with a leading global electric vehicle (EV) original equipment manufacturer (OEM) in China to evaluate Foresight's 3D perception capabilities for enhancing the manufacturer’s automotive vision solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.63%
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none
News
Positive Results Drive Foresight Into Commercialization Agreement with Leading Global Defense Company Elbit Systems Securing up to $4 Million in Revenue
Rhea-AI Summary
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) achieved a significant commercialization milestone by securing an exclusive agreement with Elbit Systems Ltd, a leading global defense company. The collaboration is anticipated to generate revenues of up to $4 million over a five-year period, with a minimum of $1 million in guaranteed revenues. Foresight's software will be offered as advanced driver assistance systems (ADAS) and autonomous platforms for unmanned combat and security ground vehicles, as well as a solution for the defense, paramilitary, and homeland security markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
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none
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News
Foresight Autonomous Holdings Ltd. Announces Pricing of $4.5 Million Registered Direct Offering
Rhea-AI Summary
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) has entered into definitive agreements for the purchase and sale of 4,500,000 of the Company’s American Depositary Shares at a price of $1.00 per ADS, resulting in gross proceeds of approximately $4.5 million. The offering is expected to close soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-33.68%
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offering
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News
Foresight: Eye-Net Selected by European Software République Consortium to Take Part in the Road Safety Revolution
Rhea-AI Summary
Foresight Autonomous Holdings Ltd. (FRSX) subsidiary, Eye-Net Mobile, to join Software République's Incubation Program for a V2X road safety solution. Potential commercial deployment across European cities by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.92%
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none
News
Foresight: Eye-Net and SoftBank Corp. Successfully Complete First Phase of Cross-Collision Prevention V2X Project in Japan
Rhea-AI Summary
Foresight Autonomous Holdings' subsidiary, Eye-Net Mobile, has successfully completed the first phase of a project with SoftBank Corp. The project involves deploying Eye-Net's location service in SoftBank's 5G Multi-Access Edge Computing infrastructure. This collaboration is expected to significantly improve connectivity and collision prevention. The successful integration is a prerequisite for deploying Eye-Net's solutions in the Japanese market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
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none
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News
Foresight Leverages on Success to Focus on Defense, Industrial Vehicles and Eye-Net Mobile Initiatives in the Short Term
Rhea-AI Summary
Foresight Autonomous Holdings provides an update on its operations and presents an updated business roadmap. The company experienced no immediate material impact from recent events in Israel. Management is focusing on strengthening client-facing initiatives in the defense and industrial vehicles sectors. In the short term, Foresight has achieved important milestones and secured potential revenues of up to $4 million over five years. In the long term, the company is engaged in POC projects in the automotive industry. Eye-Net, Foresight's subsidiary, has formed successful partnerships and achieved significant milestones. Management has also decided to reallocate resources and reduce expenses to extend the company's cash runway.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.4%
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none
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News
Foresight Receives Notice of U.S. Patent Allowance for 3D Image Analysis System and Calibration Technology
Rhea-AI Summary
Foresight Autonomous Holdings has received a notice of allowance from the US Patent and Trademark Office for its patent application on a system and method for stereoscopic image analysis. The patented technology enables the generation of 3D depth perception from any pair of cameras, improving obstacle detection and enhancing understanding of road conditions for ADAS or autonomous driving. This technology serves as the underlying technology for Foresight's Mono2Stereo and Mono2Stereo 360° perception enhancement solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
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none
News
Foresight Partners with One of the World's Largest Electric Vehicle Manufacturers
Rhea-AI Summary
Foresight signs collaboration agreement with global EV OEM to evaluate 3D perception capabilities for automotive vision solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
partnership
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Foresight Autonomous Holdings Ltd

Nasdaq:FRSX

FRSX Rankings

#5218 Ranked by Market Cap
#4825 Ranked by Stock Gains
N/A Ranked by Dividends

FRSX Stock Data

17.32M
396.41M
6.44%
5.82%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
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Ness Ziona

About FRSX

foresight autonomous holdings ltd. (nasdaq and tase: frsx), founded in july 2015, is a technology company engaged, through its wholly-owned subsidiary foresight automotive ltd., in the design, development and commercialization of stereo/quad camera vision systems for the automotive industry. foresight’s powerful and mature proprietary stereoscopic technology is derived from field-proven technology that has been deployed worldwide for almost two decades. the company’s patented technology incorporates 3d video analysis, advanced algorithms for image processing and sensor fusion. foresight's solutions are based on stereoscopic image technology.​ foresight’s unique solutions create and analyse a one-of-a-kind 3d image in order to foresee possible collisions with vehicles, pedestrians, cyclists and other obstacles, while providing highly accurate real time alerts with minimum false alerts. ​foresight’s solutions employ the use of a two-camera layout (visible light conditions) or a four-came