NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 07/02/2020 3:49:16 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Two Orders that Mark Significant Commercial Milestone
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its receipt of two orders for product development and customization from Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT), the leading Israeli defense company. Elbit Systems is Foresight’s first commercial customer. According to the update, Foresight will supply a QuadSight prototype system with wide-angle field-of-view detection capabilities designed to meet Elbit’s requirements. “These orders mark a significant commercial milestone in both our business roadmap and relationship with our partner Elbit Systems,” Foresight’s CEO Haim Siboni said in the news release. “Entering a product development phase that includes customization of our unique vision system for potential end customers marks the next step in our collaboration with Elbit Systems and will allow us to expand our presence in the defense market.”
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Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its receipt of two orders for product development and customization from Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT), the leading Israeli defense company. Elbit Systems is Foresight’s first commercial customer. According to the update, Foresight will supply a QuadSight prototype system with wide-angle field-of-view detection capabilities designed to meet Elbit’s requirements. “These orders mark a significant commercial milestone in both our business roadmap and relationship with our partner Elbit Systems,” Foresight’s CEO Haim Siboni said in the news release. “Entering a product development phase that includes customization of our unique vision system for potential end customers marks the next step in our collaboration with Elbit Systems and will allow us to expand our presence in the defense market.”
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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