Foresight Subsidiary Eye-Net Mobile Announces Technological Developments to Enhance Protection for Cyclists and Motorists in Its Accident Prevention Solution
Summary
NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd, has achieved significant technological milestones for its Eye-Net™ Protect cellular-based vehicle-to-everything (V2X) accident prevention solution. Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. The Company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost effective platform and advanced technology. For example, Foresight is using forward-looking statements in this press release when it discusses the benefit of its products, that advanced features will significantly improve the application’s ability to protect motorcycle and bicycle riders when they are out of direct line of sight, or when they require immediate road or medical assistance, as well as protect car drivers when they require emergency assistance, that the Company is proceeding with commercialization efforts and that it predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.