NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 11/05/2018 4:05:28 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Increases Stake in RailVision after Substantial Technological and Commercial Advancements
Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has increased its stake in RailVision Ltd. by exercising warrants into 2,704 ordinary RailVision shares for an aggregate of $0.6 million. The move follows last September’s InnoTrans International Trade Fair for Transport Technology in Berlin, where RailVision demonstrated substantial commercial and technological progress. As a result of the exercise, Foresight now holds 36.33 percent of RailVision’s issued and outstanding share capital, of which 33.78 percent is on a fully diluted basis.
RailVision, a leading provider of cutting-edge safety systems and cognitive vision sensor technology for the railway industry, presented its add-on big data module concept at the InnoTrans Fair. The technology enables customized analysis of rail infrastructure and surrounding systems, both in real-time and offline settings. The concept is designed to digitally map relevant areas, enabling analysis of infrastructure, behavioral and environmental trends. Additionally, the module, through the generation of comprehensive reporting, supports condition monitoring and predictive maintenance of infrastructure.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has increased its stake in RailVision Ltd. by exercising warrants into 2,704 ordinary RailVision shares for an aggregate of $0.6 million. The move follows last September’s InnoTrans International Trade Fair for Transport Technology in Berlin, where RailVision demonstrated substantial commercial and technological progress. As a result of the exercise, Foresight now holds 36.33 percent of RailVision’s issued and outstanding share capital, of which 33.78 percent is on a fully diluted basis.
RailVision, a leading provider of cutting-edge safety systems and cognitive vision sensor technology for the railway industry, presented its add-on big data module concept at the InnoTrans Fair. The technology enables customized analysis of rail infrastructure and surrounding systems, both in real-time and offline settings. The concept is designed to digitally map relevant areas, enabling analysis of infrastructure, behavioral and environmental trends. Additionally, the module, through the generation of comprehensive reporting, supports condition monitoring and predictive maintenance of infrastructure.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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