NetworkNewsBreaks – Foresight Autonomous Holding

NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Subsidiary, Eye-Net, Partners with Japanese Vehicle Manufacturer for Pilot Project

Foresight Autonomous (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., is working with the intelligent transport system division of a multibillion-dollar global Japanese vehicle manufacturer to test the Eye-Net(TM) Protect cellular-based V2X (vehicle-to-everything) (“V2X”) accident-prevention solution. The pilot test project is designed to analyze and validate the software development kit (“SDK”) configuration of the Eye-Net solution for possible addition into a smart city project conducted by the vehicle manufacturer. The recently announced pilot test project follows Eye-Net’s August 2020 announcements regarding two additional pilot projects. Eye-Net is partnering with leading global Japanese technology and electronics companies for those projects. Eye-Net Mobile is focused on one geographic region in order to achieve a critical mass of Eye-Net Protect users in a defined area to maximize the potential to prevent road accidents and save lives. “This first pilot with a top global vehicle manufacturer opens a new market for Eye-Net Mobile and demonstrates a need in the automotive industry for a readily available, software-based solution that provides real-time pre-collision alerts and enhances the safety of drivers and other vulnerable road users,” said Eye-Net Mobile COO and deputy CEO Dror Elbaz in the press release.

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