NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 04/03/2024 4:46:58 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), Partner Installing Breakthrough Tech in Leading Defense Customer
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, is partnering with Elbit Systems Ltd. to commercially deploy FRSX’s cutting-edge software solution to a key customer in the defense industry; plans call for the technology to be installed in fully autonomous defense vehicles. According to the announcement, this agreement is the first time Foresight’s 3D image processing software will be commercially licensed to one of Elbit’s end customers. The Israeli Ministry of Defense has recognized Foresight’s proprietary software as a breakthrough technology. The company noted that its solution will be available to Elbit’s end customers as part of advanced driver assistance systems (“ADAS”) and autonomous platforms of unmanned combat and security ground vehicles for the defense, paramilitary and homeland security sectors. “We are proud to deploy our groundbreaking software to an important defense industry player,” said Foresight CEO Haim Siboni in the press release. “We believe that this first commercial delivery of our software license validates the importance of our technology and its valuable applications for the defense sector. It is a testament to our continuous drive to develop advanced solutions that have operational value and strategic advantages on the battlefield. This successful deployment may open the door to further adoption and additional orders from similar customers.”
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://ibn.fm/FRSX
Please see full terms of use and 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, is partnering with Elbit Systems Ltd. to commercially deploy FRSX’s cutting-edge software solution to a key customer in the defense industry; plans call for the technology to be installed in fully autonomous defense vehicles. According to the announcement, this agreement is the first time Foresight’s 3D image processing software will be commercially licensed to one of Elbit’s end customers. The Israeli Ministry of Defense has recognized Foresight’s proprietary software as a breakthrough technology. The company noted that its solution will be available to Elbit’s end customers as part of advanced driver assistance systems (“ADAS”) and autonomous platforms of unmanned combat and security ground vehicles for the defense, paramilitary and homeland security sectors. “We are proud to deploy our groundbreaking software to an important defense industry player,” said Foresight CEO Haim Siboni in the press release. “We believe that this first commercial delivery of our software license validates the importance of our technology and its valuable applications for the defense sector. It is a testament to our continuous drive to develop advanced solutions that have operational value and strategic advantages on the battlefield. This successful deployment may open the door to further adoption and additional orders from similar customers.”
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://ibn.fm/FRSX
Please see full terms of use and 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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