NetworkNewsBreaks – Foresight Autonomous Holding

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Inks Distribution Agreement with Cornes Technologies

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an automotive technology innovator, this morning announced the signing of a distribution agreement with Cornes Technologies, a leading Japanese trading house. Per the update, Cornes Technologies will have exclusive rights to promote and distribute Foresight’s QuadSight(TM) system in the Japanese market. Prior to the signing of this agreement, Foresight conducted real time live demonstrations of the QuadSight system at a technology roadshow in Japan with the assistance of Cornes Technologies. The excellent performance of the QuadSight system was well received at the roadshow, resulting in quite a few OEMs and Tier One suppliers expressing interest in obtaining prototype systems. “The Japanese automotive industry is one of the most prominent and innovative industries in the world, making it a suitable target market for Foresight’s breakthrough QuadSight vision system,” Foresight VP of Business Development Doron Cohadier stated in the news release.

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