NEW YORK, May 23, 2018 (GLOBE NEWSWIRE) — via NetworkWire — NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) (TASE:FRSX), a client of NNW engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry.
To view the full publication, titled “Sensor System Companies Take Center Stage in a Self-Driving Future,” visit: http://nnw.fm/4fgLo
The QuadSight system drew a lot of positive press for Foresight during the International Consumer Electronics Show (CES) 2018. Given the focus on self-driving cars in recent years, a lot of public and press attention was on what detection systems could bring to the autonomous vehicle game, and QuadSight’s unique features caught people’s eyes.
Electronic Design presented an article that went into detail on the Foresight system (http://nnw.fm/ym4Us). The article discussed the range of the detection system and the fact that it can detect details better than the human eye, with the detection of small objects allowing it to operate at high speeds. The site also covered the key technical difference between QuadSight and many of its potential competitors — the fact that it uses a passive system that processes all the visual information already available in the world around it rather than having to send out signals as lidar and radar do.
Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) (TASE:FRSX), founded in 2015 and headquartered in Israel, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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