Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, through its wholly owned subsidiary, Eye-Net Mobile Ltd., has signed an agreement to join Software République, a European consortium. Eye-Net was invited to join the ecosystem of partners through Software République’s incubation program. Founded by Dassault Systèmes SE, Eviden, Orange S.A., Renault Group, STMicroelectronics N.V and Thales Group, Software République is a European innovation ecosystem focused on intelligent, secure and sustainable mobility. According to the announcement, Eye-Net was selected to join the program for a project that will deliver an accessible vehicle-to-everything (“V2X”) road safety solution for all road users. Software République is working to complete the project by 2024, including a proof-of-concept in France. The company noted that, with the support of the incubation program, Eye-Net’s solution has the potential for commercial deployment across multiple European cities. “Eye-Net is grateful and excited for this opportunity to collaborate with Software République, an innovative ecosystem shaping tomorrow’s mobility,” said Eye-Net Mobile CEO Dror Elbaz in the press release. “This collaboration is an opportunity for us to introduce a disruptive safety approach that will benefit all road users. We believe that our V2X accident prevention solution, combined with Software République partners’ user distribution, may make European roads safer than ever. Eye-Net is committed to improving road safety and making a positive contribution to saving lives.”
To view the full press release, visit https://ibn.fm/PecC3
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings is a technology company developing smart multispectral vision software solutions and cellular-based applications. Through the company’s wholly owned subsidiaries — Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd. — Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight vision solutions include modules of automatic calibration and dense three-dimensional (“3D”) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time, precollision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information, visit the company’s website at www.ForesightAuto.com.
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://ibn.fm/FRSX
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com
InvestorWire is powered by IBN
