Foresight Autonomous Hldgs Ltd Stock Price, News & Analysis

Foresight Autonomous Holdings (FRSX) has signed a commercial cooperation agreement with Excava Attachers, a leading Indian Tier-One automotive supplier. The partnership aims to promote Foresight's advanced 3D perception systems across multiple sectors in India, including automotive, off-highway, UAVs, defense, railways, and logistics.

The agreement is expected to generate potential revenues of up to $19.5 million between 2025-2029. Both companies intend to establish a local joint venture in India for manufacturing and sales activities, with Foresight providing technology and know-how while Excava handles manufacturing and sales. Additionally, Excava may consider making a direct strategic investment in Foresight, with terms to be negotiated.

Foresight Autonomous Holdings (NASDAQ: FRSX) announced that its subsidiary Eye-Net Mobile has secured a $2.75 million investment from institutional and private investors, valuing Eye-Net at $45 million pre-money. The investment involves the direct purchase of approximately 5.8% of Eye-Net's ordinary shares.

The deal includes antidilution protections for investors with a floor valuation of $30 million. Foresight will issue two types of warrants: Series A Warrants exercisable at $0.01 per ADS ( to 6,111,111 ADSs) and Series B Warrants at 125% of the closing ADS price. $2.1 million of the investment has been completed, with the remaining balance expected to close around March 13, 2025.

Eye-Net, which develops V2X collision prevention solutions and smart automotive systems, will use the proceeds for working capital and general corporate purposes.

Foresight Autonomous Holdings (FRSX) announced that its subsidiary Eye-Net Mobile has successfully achieved Euro NCAP compliance validation for its cellular-based vehicle-to-everything (V2X) safety solution. The validation follows rigorous field tests conducted by UTAC, a leading French vehicle testing certification body.

The tests utilized an autonomous vehicle and automated validation platforms connected to Eye-Net's solution, simulating real-world collision scenarios. The system achieved a 100% success rate, consistently triggering the autonomous vehicle's emergency braking system with alert timing variations of less than 20 milliseconds.

This validation represents a key milestone in Eye-Net's collaboration with Software République, a European innovation hub for advanced mobility solutions. The successful compliance testing is expected to strengthen Eye-Net's position for market deployment in France and broader European adoption of its digital safety services for connected vehicles and smart cities.

Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has announced the integration of NVIDIA Jetson Orin computing platforms into its 3D perception technologies, focusing on autonomous drones and unmanned aerial vehicles (UAV). The integration includes both the NVIDIA Jetson Orin Nano and Jetson AGX Orin platforms.

The Jetson Orin Nano is optimized for compact drones, offering AI performance while minimizing weight. The Jetson AGX Orin delivers up to 275 trillion operations per second (TOPS), enabling real-time processing and advanced obstacle detection. Foresight's systems, utilizing visible light and thermal long-wave infrared cameras, provide environmental perception in challenging conditions like low-light, heavy fog, and extreme weather.

Foresight Autonomous Holdings (FRSX) has signed a development service agreement with a leading Japanese manufacturer of road traffic and hazard management products through its distributor, Cornes Technologies The collaboration focuses on two main projects:

1. Implementing Foresight's 3D perception system to detect vehicles merging onto highways in real-time, including speed and direction monitoring.

2. Developing advanced products with dual stereoscopic camera systems, combining visible light and thermal infrared cameras mounted on service vehicles to monitor restricted road lanes and provide real-time hazard notifications.

The agreement establishes a framework for future collaborations, with commercial terms to be determined based on specific project requirements. The company expects this partnership to accelerate revenue growth in coming years.

Foresight Autonomous Holdings (NASDAQ: FRSX) announced that its subsidiary, Eye-Net Mobile, has partnered with Software République, a consortium of global industry leaders, to integrate and test its vehicle-to-everything (V2X) collision avoidance solution in Europe. The collaboration, initially announced on November 27, 2024, will focus on deploying Eye-Net's technology in Bordeaux, France.

The project involves real-time field testing in controlled environments before expanding across the Bordeaux metropolitan area. Upon successful implementation, the solution could be deployed in dozens of European cities. The partnership includes major industry players such as Renault Group, Dassault Systèmes, Orange, Eviden, STMicroelectronics, and Thales Group, along with other stakeholders like Allianz IARD and Bordeaux University.

Eye-Net's V2X technology provides real-time alerts to protect road users within a connected ecosystem, aiming to create safer urban environments for drivers, pedestrians, and cyclists.

Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has signed a commercial cooperation agreement with a leading Indian drone manufacturer that supplies to the Indian Ministry of Defense. The partnership aims to integrate Foresight's 3D perception solutions into autonomous drone platforms, with projected revenue potential of up to $2.5 million by 2026 and $16 million by 2029.

The collaboration, announced on January 13, 2025, will initially focus on enhancing drone performance in challenging environments like dense smoke, poor lighting, and high temperatures. The drones will be equipped with real-time human detection capabilities and spatial positioning information. The project will first target the Indian defense market before considering global expansion through manufacturing, marketing, and distribution efforts.

Foresight's stereoscopic long-wave infrared technology solution is specifically designed for robust drone operations, particularly in challenging conditions like fire-related smoke.

Foresight Autonomous Holdings (FRSX) announced that its subsidiary, Eye-Net Mobile, successfully passed rigorous field tests conducted by UTAC, a French vehicle testing organization, under Euro NCAP regulations. The validation was part of Eye-Net's collaboration with Software République to deploy its digital services in France.

The tests evaluated Eye-Net's cellular vehicle-to-everything (V2X) technology using an autonomous vehicle and automated validation platforms. The system achieved a 100% success rate in simulated collision scenarios, consistently triggering the autonomous vehicle's emergency braking system with alert timing variations of less than 20 milliseconds.

According to Eye-Net's CEO Dror Elbaz, UTAC's validation marks a significant milestone that could facilitate expansion into the automotive market and create opportunities for partnerships with automotive manufacturers and suppliers.

Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has achieved a significant milestone by delivering its first batch of ScaleCam™ systems to SUNWAY-AI Technology in China. The systems will be integrated into SUNWAY's production line of autonomous logistics and robotic vehicles, following their joint development and supply agreement announced on July 8, 2024.

The ScaleCam systems will provide SUNWAY's unmanned material handling vehicles and autonomous robotic carts with full autonomous driving capabilities through advanced 3D perception technology. This successful delivery demonstrates Foresight's robust manufacturing process and efficient supply chain management, positioning the company for rapid production and commercial ramp-up in the autonomous logistics and robotics sector.