NetworkNewsBreaks – Foresight Autonomous Holding
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Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced financial results for the second quarter and first half of 2019. “Foresight achieved multiple major milestones during the second quarter,” Foresight CEO Haim Siboni said in the news release. “We signed our first commercial agreement with Elbit Systems, which demonstrates our progress and the endorsement of QuadSight(TM) by leading global companies. The agreement with Elbit is a testament to the quality of our technology, as Elbit performed rigorous testing before making their choice. In addition, we signed an agreement with a Chinese Tier One automotive supplier to design, develop and commercialize automatic safety solutions for the vehicles of Chinese vehicle manufacturers (OEMs), which may pave the way for further collaboration with the growing Chinese auto industry.”
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