NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 05/22/2020 3:21:01 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Financial Results for Q1 2020
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, on Thursday released financial results for the first quarter of 2020. According to the update, Foresight ended Q1 of 2020 with $6.8 million in cash and short-term deposits. This amount excludes aggregate gross proceeds of $8 million from previously announced offerings that closed on April 30, 2020 and May 21, 2020. “Foresight achieved several important milestones during the first quarter of 2020, beginning with our newly established strategic collaboration with FLIR Systems, Inc. to integrate our QuadSight(R) vision system with their leading thermal imaging systems,” Foresight CEO Haim Siboni said in the news release. “This collaboration will allow us to market and distribute the QuadSight system to FLIR’s extensive global customer base.”
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, on Thursday released financial results for the first quarter of 2020. According to the update, Foresight ended Q1 of 2020 with $6.8 million in cash and short-term deposits. This amount excludes aggregate gross proceeds of $8 million from previously announced offerings that closed on April 30, 2020 and May 21, 2020. “Foresight achieved several important milestones during the first quarter of 2020, beginning with our newly established strategic collaboration with FLIR Systems, Inc. to integrate our QuadSight(R) vision system with their leading thermal imaging systems,” Foresight CEO Haim Siboni said in the news release. “This collaboration will allow us to market and distribute the QuadSight system to FLIR’s extensive global customer base.”
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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