Welcome to our dedicated page for Foresight Autonomous Hldgs news (Ticker: FRSX), a resource for investors and traders seeking the latest updates and insights on Foresight Autonomous Hldgs stock.
News and updates for Foresight Autonomous Holdings Ltd. (FRSX) focus on its activities as a technology company developing advanced three-dimensional (3D) perception and cellular-based safety applications. Company press releases highlight developments across its subsidiaries, including Foresight Automotive, Foresight Changzhou Automotive and Eye-Net Mobile, and describe progress in in-line-of-sight vision systems and beyond-line-of-sight accident-prevention solutions.
Readers of this news feed can follow announcements about collaborations and proof-of-concept projects involving Foresight’s 3D perception modules, multi-spectral stereoscopic cameras and AI-based analytics. Recent items have described agreements with manufacturers of road safety and infrastructure maintenance vehicles, cooperation with a Chinese stereo vision solutions provider, and joint development efforts with infrared imaging specialists to create cost-effective stereoscopic thermal cameras for advanced driver assistance systems and autonomous vehicles.
The news stream also covers Eye-Net Mobile’s vehicle-to-everything (V2X) collision prevention platform, including large-scale public transportation safety trials, participation in smart mobility initiatives and demonstrations of its cellular-based collision alert system for vulnerable road users such as pedestrians and cyclists. These updates provide insight into how Eye-Net’s technology is being evaluated for integration into mobile applications, telematics units and public transit networks.
In addition, Foresight’s releases report on capital markets and regulatory matters, such as investments in Eye-Net, warrant issuances, reverse share split plans and communications regarding Nasdaq listing compliance. Investors and observers can use this page to review the company’s official announcements on technology demonstrations, strategic cooperation agreements, mobility trials and corporate actions related to the FRSX stock.
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.
Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) has signed a commercial cooperation agreement with a leading Indian drone manufacturer that supplies the Indian Ministry of Defense. The agreement focuses on integrating Foresight's 3D perception technology into autonomous drone platforms, with potential revenue of up to $2.5 million by 2026 and up to $16 million by 2029.
The collaboration initially aims to enhance drone performance in challenging environments like dense smoke, poor lighting, and high temperatures, enabling human detection and real-time spatial positioning. The project will first target the Indian defense market before considering global expansion through manufacturing, marketing, and distribution efforts.
Foresight's solution uses stereoscopic long-wave infrared technology, specifically designed for robust performance in challenging conditions. This partnership represents a strategic expansion of Foresight's 3D perception technology across various autonomous vehicle markets.
Foresight Autonomous Holdings (FRSX) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company, which was notified of non-compliance on September 3, 2024, due to its American Depositary Shares (ADSs) failing to maintain a closing bid price of $1.00 or more for 30 consecutive business days, has now met the compliance criteria.
From December 20, 2024, through January 6, 2025, the company's ADSs maintained a closing bid price of $1.00 or higher for more than the required 10 consecutive trading days. This achievement has resolved the previous non-compliance issue with Nasdaq Listing Rule 5550(a)(2), ensuring continued listing on The Nasdaq Capital Market.
Foresight Autonomous Holdings (Nasdaq: FRSX) has signed a commercial cooperation agreement with KONEC, a leading South Korean Tier-One automotive supplier, to distribute advanced 3D perception solutions in South Korea. The deal, initially announced on December 9, 2024, forecasts commercial sales of $1.5 million by 2027, potentially growing to $7 million by 2029.
KONEC will exclusively distribute Foresight's technology in South Korea, targeting original equipment manufacturers and business partners. The agreement follows a successful co-development project with KONEC, sponsored by Hyundai's Foundation. The companies are considering establishing a 50-50 joint venture in South Korea, including a manufacturing facility for advanced solutions.
Foresight Autonomous Holdings (FRSX) announced that its subsidiary, Eye-Net Mobile, has entered into a multi-phase agreement with SoftBank and a leading Japanese vehicle manufacturer to evaluate Eye-Net's cellular vehicle-to-everything (C-V2X) technology. The collaboration involves a paid proof of concept (POC) project utilizing SoftBank's cellular network infrastructure.
The project will progress through multiple phases: first evaluating the Eye-Net™ Sense demonstration kit in standalone mode, potentially followed by integration into the manufacturer's infotainment systems, and finally possible integration into advanced driver assistance systems for full commercial deployment in vehicles. The initiative focuses on implementing Eye-Net's non-line-of-sight collision avoidance solution to enhance road safety.
Foresight Autonomous Holdings (NASDAQ: FRSX) has signed a commercial cooperation agreement with KONEC, a South Korean Tier-One automotive supplier, to distribute advanced 3D perception solutions in South Korea. The agreement targets integration into various sectors including passenger vehicles, commercial vehicles, autonomous logistics, and heavy machinery.
KONEC forecasts commercial sales of $1.5 million by 2027, with projected revenues growing up to $7 million by 2029. The agreement grants KONEC exclusive distribution rights in South Korea, subject to meeting sales targets. The companies are also considering establishing a 50-50 joint venture in South Korea to facilitate business cooperation and potentially set up a manufacturing facility.
Foresight Autonomous Holdings (FRSX) has signed a multi-phase collaboration agreement with Bumhan Motors, a South Korean electric bus manufacturer, to develop advanced 3D perception solutions for autonomous electric buses. The partnership follows a successful proof-of-concept project demonstrating Foresight's technology effectiveness.
The initial phase focuses on improving operational safety and vision accuracy of Bumhan's electric buses, with plans to expand into semi- and fully autonomous commercial vehicles. The parties aim to finalize a commercial agreement by Q1 2025. Bumhan projects sales of 200 electric buses in 2025, targeting 3,000 units annually by 2029.
Foresight Autonomous Holdings (NASDAQ: FRSX) has signed a three-way strategic cooperation agreement with South Korean companies 7meerkat and KONEC to develop and commercialize AI-powered smart parking solutions. The collaboration follows a successful proof-of-concept project and will integrate Foresight's 3D perception technology with 7meerkat's parking management systems, while KONEC will lead market promotion.
The solutions will feature AI-driven vehicle identification, license plate recognition, and monitoring capabilities for electric vehicles and vehicle conditions. The parties aim to finalize a commercial agreement by the end of Q1 2025. The technology combines visible-light and thermal infrared cameras to enhance urban parking efficiency and user experience, particularly in harsh weather and low-light conditions.
Foresight Autonomous Holdings (Nasdaq: FRSX) announced a three-way collaboration agreement with GINT and KONEC to develop advanced 3D perception solutions for autonomous tractors and construction equipment in South Korea. The initial phase focuses on designing autonomous tractor kits integrating Foresight's 3D perception capabilities, including visible-light and thermal infrared cameras. The parties aim to expand into semi-autonomous and fully autonomous solutions for the automotive industry. A commercial agreement is expected to be finalized by the end of Q1 2025, with KONEC leading market penetration and GINT integrating Foresight's technology into their autonomous control logic units.
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