(NewsDirect)
Foresight AutonomousHoldings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotivevision systems, announced today that its wholly owned subsidiary,Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), willbegin a pilot project with a leading European cellular serviceprovider.
Thecellular provider will test the software development kit (SDK)configuration and the performance of the Eye-Net Protectcellular-based vehicle-to-everything (V2X) accident preventionsolution and intends to demonstrate it to its business partners. Uponsuccessful evaluation, the leading cellular service provider may offerthe Eye-Net solution to its customers, including municipalities, aspart of its 5G cellular network solutions suite.
“We believe this pilotproject indicates a growing interest from cellular companies inEye-Net’s innovative technology, as another European cellularservice provider has chosen to evaluate and conduct technologicaldemonstrations of our solution in order to offer it as a use case for5G cellular networks,” said Dror Elbaz, COO & Deputy CEO ofEye-Net Mobile. “Our hope is that this pilot will serve as aspringboard for offering our solution to smart cities throughoutEurope and eventually globally, improving the probability ofpreventing accidents and saving lives.”
The Eye-Net Protect cellular-based V2Xsolution is designed to protect the most vulnerable road users in realtime—including pedestrians, cyclists, scooter drivers and cardrivers—by providing collision alerts when the road users have nodirect line of sight. Eye-Net Protect is agnostic to cellularinfrastructure and seamlessly adapts to the cellular networkgeneration.
Formore information about Eye-Net Mobile, please visit www.eyenet-mobile.com , orfollow the Company’s LinkedIn page, ; Twitter, ; andInstagram channel, Eyenetmobile1 , thecontents of which are not incorporated into this press release.
Forward-LookingStatements
This press release contains forward-looking statements withinthe meaning of the "safe harbor" provisions of the PrivateSecurities Litigation Reform Act of 1995 and other Federal securitieslaws. Words such as "expects," "anticipates,""intends," "plans," "believes,""seeks," "estimates" and similar expressions orvariations of such words are intended to identify forward-lookingstatements. For example, Foresight is using forward-looking statementsin this press release when it discusses that the cellular providerwill test the SDK configuration and the performance of the Eye-NetProtect cellular-based vehicle-to-everything (V2X) accident preventionsolution and intends to demonstrate it to its business partners, that,upon a successful evaluation, the leading cellular service providermay offer the Eye-Net solution to its customers, includingmunicipalities, as part of its 5G cellular network solutions suite,that it hopes that this pilot will serve as a springboard for offeringits solution to smart cities throughout Europe and eventually globallyand that Eye-Net Protect may increase the chances of preventingaccidents and saving lives. Because such statements deal with futureevents and are based on Foresight’s current expectations, they aresubject to various risks and uncertainties, and actual results,performance or achievements of Foresight could differ materially fromthose described in or implied by the statements in this pressrelease.
The forward-lookingstatements contained or implied in this press release are subject toother risks and uncertainties, including those discussed under theheading "Risk Factors" in Foresight's annual report onForm 20-F filed with the Securities and Exchange Commission("SEC") on March 30, 2021, and in any subsequent filings withthe SEC. Except as otherwise required by law, Foresight undertakes noobligation to publicly release any revisions to these forward-lookingstatements to reflect events or circumstances after the date hereof orto reflect the occurrence of unanticipated events. References andlinks to websites have been provided as a convenience, and theinformation contained on such websites is not incorporated byreference into this press release. Foresight is not responsible forthe contents of third party websites.
AboutForesight
Foresight Autonomous Holdings Ltd. (Nasdaq andTASE: FRSX) is a technology company developing smart multi-spectralvision software solutions and cellular-based applications. Through theCompany’s wholly owned subsidiaries, Foresight Automotive Ltd. andEye-Net Mobile Ltd., Foresight develops both “in-line-of-sight”vision systems and “beyond-line-of-sight” accident-preventionsolutions. Foresight’s vision solutions include modules of automaticcalibration, sensor fusion and dense 3D point cloud that can beapplied to diverse markets such as automotive, defense, autonomousvehicles and heavy industrial equipment. Eye-Net Mobile’scellular-based solution suite provides real-time pre-collision alertsto enhance road safety and situational awareness for all road users inthe urban mobility environment by incorporating cutting-edge AItechnology and advanced analytics. For more information aboutForesight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com ,follow onTwitter, or join on LinkedIn.
ContactDetails
Investor Relations Contact:
MiriSegal-Scharia, CEO, MS-IR LLC
+1 917-607-8654
CompanyWebsite
https://www.foresightauto.com/
Copyright (c) 2021 TheNewswire - All rights reserved.