NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 05/07/2020 4:18:44 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Sale of QuadSight(R) Prototype to Leading European Tier One Commercial Vehicle Supplier
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced the sale of a prototype of its QuadSight(R) four-camera vision system to a leading, multi-billion dollar European Tier One supplier of subsystems for rail and commercial vehicles. According to the update, the sale followed successful live technological demonstrations in Germany. “In 2019, Foresight identified the commercial vehicle industry as a new market suitable for the Company’s unique technology. Autonomous trucks require obstacle detection capabilities in harsh weather to enable uninterrupted service throughout the day, regardless of the environmental conditions,” Foresight CEO Haim Siboni stated in the news release. “We believe that this prototype sale may lead to future co-development projects and, ultimately, to integration of the QuadSight technology into the self-driving trucks being developed by the Tier One supplier with leading vehicle manufacturers. Entering this new market will allow us to expand and improve our current product capabilities and open new opportunities.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced the sale of a prototype of its QuadSight(R) four-camera vision system to a leading, multi-billion dollar European Tier One supplier of subsystems for rail and commercial vehicles. According to the update, the sale followed successful live technological demonstrations in Germany. “In 2019, Foresight identified the commercial vehicle industry as a new market suitable for the Company’s unique technology. Autonomous trucks require obstacle detection capabilities in harsh weather to enable uninterrupted service throughout the day, regardless of the environmental conditions,” Foresight CEO Haim Siboni stated in the news release. “We believe that this prototype sale may lead to future co-development projects and, ultimately, to integration of the QuadSight technology into the self-driving trucks being developed by the Tier One supplier with leading vehicle manufacturers. Entering this new market will allow us to expand and improve our current product capabilities and open new opportunities.”
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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