NEW YORK, July 12, 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 (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 “$7 Trillion Annual Market Projected for Autonomous Autos by 2050,” visit: http://nnw.fm/8Ko3h
In addition to QuadSight, Foresight has developed two other primary products. The company’s Eyes-On™ solution provides an ADAS with unique stereo vision. The system can detect objects about the size of a legal pad from 100 meters away and all other potential obstacles — stationary or in motion, regardless of shape, form or material — with nearly 100 percent accuracy and reliability.
Foresight’s Eye-Net is a cellular-based accident prevention solution designed to provide real-time, precollision alerts to both vehicles and pedestrians. Optimized for urban environments and high-speed scenarios, the system provides a complementary layer of protection to advanced driver assistance systems and extends this protection to road users who are not in direct line of sight. Foresight recently completed a successful multi-user trial of its Eye-Net accident prevention solution involving 120 users of Android and iOS cell phones located across Israel.
The company has garnered a wealth of industry and media attention. Foresight demonstrated its QuadSight forward-facing camera solution at the International Consumer Electronics Show (CES) 2018 to great reviews, and QuadSight was lauded by EE Times for the first-of-its-kind quad camera multispectral vision solution that operated in all weather and lighting conditions. Foresight was also featured in CNBC’s article on “What Driving Will Look Like in 2028,” while Electronic Design presented an article that went into detail on the Foresight system.
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, 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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