NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 07/25/2019 4:55:02 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) QuadSight(TM) Prototype Ordered by American Subsidiary of Leading Global Supplier
Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced an additional sale of a prototype of its QuadSight(TM) four-camera vision system that targets the semi-autonomous and autonomous vehicle market. According to the update, the American subsidiary of a leading global Tier One automotive supplier ordered the prototype system, and revenue from the sale is expected to total in the tens of thousands. As reported by the company, the American supplier participated in a technological roadshow that took place at the beginning of July in the Silicon Valley area. The roadshow consisted of live, real-time demonstrations and testing of different scenarios simulating obstacle detection in challenging weather and lighting conditions of the QuadSight system to vehicle manufacturers and Tier One suppliers. Following initial installation, customer satisfaction may lead to additional QuadSight system orders by the American supplier, to be integrated into cars of leading vehicle manufacturers.
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 (NASDAQ: FRSX) (TASE: FRSX) this morning announced an additional sale of a prototype of its QuadSight(TM) four-camera vision system that targets the semi-autonomous and autonomous vehicle market. According to the update, the American subsidiary of a leading global Tier One automotive supplier ordered the prototype system, and revenue from the sale is expected to total in the tens of thousands. As reported by the company, the American supplier participated in a technological roadshow that took place at the beginning of July in the Silicon Valley area. The roadshow consisted of live, real-time demonstrations and testing of different scenarios simulating obstacle detection in challenging weather and lighting conditions of the QuadSight system to vehicle manufacturers and Tier One suppliers. Following initial installation, customer satisfaction may lead to additional QuadSight system orders by the American supplier, to be integrated into cars of leading vehicle manufacturers.
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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