Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision, will partner with a University of Michigan 2021 startup cohort, TechLab at Mcity, to further develop its automotive vision system designed for Advanced Driver Assistance Systems (“ADAS”) and autonomous vehicles. The one-year partnership program entails FRSX collaborating with a group of students from technical departments at the University of Michigan; the group, which will be mentored by Foresight’s head of algorithm and leading team members, is concentrating on the development, demonstration and deployment of key autonomous vehicle technologies. As part of the program, Foresight will have access to a test facility, where the company can run short-cycle demonstrations for local prospects. “We are thrilled to join TechLab at Mcity and to have access to a leading mobility research and test facility,” said Foresight CEO Haim Siboni in the press release. “We are hopeful that collaboration with TechLab at Mcity will enhance Foresight’s vision system capabilities to achieve outstanding performance in any lighting and harsh weather conditions, reduce the rate of road accidents and save lives.”
To view the full press release, visit https://ibn.fm/jy0cF
About Foresight Autonomous Holdings Ltd.
Founded in 2015, Foresight is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing and sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident-prevention solution based on real-time spatial analysis of clients’ movements. 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 Advanced Driver Assistance Systems (“ADAS”) and predicts 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.
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://ibn.fm/FRSX
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