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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.

Rhea-AI Summary
Foresight Autonomous Holdings' subsidiary, Eye-Net Mobile, has signed a paid proof of concept project agreement with SoftBank Corp. The project aims to validate the integration of Eye-Net's server-side technology with SoftBank's MEC infrastructure, potentially leading to a commercial deployment in the Japanese market. Successful completion of the project is expected by the end of 2023. SoftBank plans to conduct verification tests for collision prevention solutions. This collaboration could introduce a new road safety approach and contribute to a safer mobile society.
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5.79%
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Rhea-AI Summary
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) announced a paid proof of concept (POC) project with a leading industrial equipment manufacturer's Chinese subsidiary to evaluate its QuadSight® technology for autonomous capabilities in mining and construction trucks. Foresight's technology was chosen for its accurate 3D perception vision solutions and high-resolution point cloud, addressing driving challenges in harsh conditions. The successful POC may lead to integrating Foresight's technology into the manufacturer's trucks, offering an alternative to existing LiDAR sensors.
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2.46%
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partnership
Rhea-AI Summary
Foresight Autonomous Holdings has signed a five-year exclusivity agreement with Elbit Systems Land for the commercialization of Foresight's image processing software solution. The agreement is expected to generate revenues of up to $4 million over the five-year period, with minimum guaranteed revenues of $1 million. Foresight will start recognizing initial revenues from the agreement in the second half of 2023. Elbit will have exclusive rights to market and sell Foresight's software in the defense and paramilitary sectors globally.
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Foresight Autonomous Holdings Ltd

Nasdaq:FRSX

FRSX Rankings

FRSX Stock Data

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