NEW YORK, Aug. 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 (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 “Conversations Between Cars and Their Environment Complement Sensor Systems for a Safer Self-Driving Future,” visit: http://nnw.fm/yYZz0
| Foresight specializes in sensor and guidance systems for autonomous vehicles. Its QuadSight system is a state-of-the-art multi-spectral vision system that lets a vehicle detect obstacles in all weather and lighting conditions. To complement these sensors, Foresight is also developing Eye-Net. Deployed on smartphones and cloud-based servers, Eye-Net makes use of existing networks to share information that may prevent accidents. A device using Eye-Net keeps track of where a vehicle is in the environment and transmits this information to Eye-Net servers. These servers are also gathering details from other devices in the vicinity. The servers then share the information and details that have been gathered with the devices on the system, even when the actual obstacles aren’t visible. If a potential collision is detected, Eye-Net warns users with both audio and visual signals, helping them to avoid an accident. |
About Foresight
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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Forward-Looking Statements
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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