NetworkNewsBreaks – Foresight Autonomous Holding

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Subsidiary Completes Successful Trial of V2X Solution in Netanya, Israel

Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., in collaboration with the municipality of Netanya and the National Road Safety Authority, successfully completed a controlled trial of its Eye-Net solution. Eye-Net is a cellular-based vehicle-to-everything (“V2X”) accident prevention solution designed to use smartphones and rely on existing cellular networks to provide pre-collision alerts in real time to pedestrians and vehicles. The purpose of the trial, conducted at a central intersection in Netanya, Israel’s seventh largest city, was to create a real-time, reliable communication channel between road users to protect vehicles and pedestrians from oncoming collisions, as well as test the Eye-Net application’s communication layer recently installed with the assistance of a leading Israeli cellular provider. “This trial with the municipality of Netanya and the National Road Safety Authority marks the first milestone in our long-term collaboration with the municipality,” Foresight CEO Haim Siboni stated in the news release. “The municipality of Netanya, which promotes the use of innovative technologies to reduce the number of road accidents in its vicinity, has expressed its willingness to take part in the national deployment and future business milestones of Eye-Net Mobile.”

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