Foresight: Eye-Net and SoftBank Join Forces with Japanese Automaker to Advance Cellular V2X Technology for Enhanced Road Safety

GlobeNewswire12-20 19:40

Ness Ziona, Israel, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that ...

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(Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/foresight-eye-net-softbank-join-114000487.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2087625088.SGD","symbol_name":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/foresight-eye-net-softbank-join-114000487.html","article_id":"2492411579","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/U5KKiA5MotrI3B42FhYGrQ--~B/aD00ODt3PTI4MjthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/globenewswire.com/f035c45f58ca6434bb1247888274822f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492411579","pubTimestamp":1734694800,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Ness Ziona, Israel, Dec. 20, 2024  -- Foresight Autonomous Holdings Ltd.  , an innovator in 3D perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd.  has entered into a multi-phase agreement with SoftBank Corp.   and a leading Japanese vehicle manufacturer. The collaboration aims to evaluate Eye-Net’s cutting-edge cellular vehicle-to-everything  technology as a key component in advanced driver assistance systems, potentially setting a new standard for road safety.Under the terms of the agreement signed earlier this year, Eye-Net is conducting a paid proof of concept  project supported by SoftBank’s cellular network infrastructure. This initiative is designed to explore the integration of Eye-Net’s non-line-of-sight collision avoidance solution into the automaker’s future vehicle systems, addressing critical challenges in real-time situational awareness.Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional  point ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4505":"高瓴资本持仓","BK4230":"旅客陆运","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4124":"机动车零配件与设备","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4022":"陆运","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SFTBY":"软银集团","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4536":"外卖概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4535":"淡马锡持仓","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","FRSX":"FORESIGHT AUTONOMOUS HOLDINGS LTD SPON ADR EACH 30 ORD (POST REV SPLIT)","BK4550":"红杉资本持仓","BK4588":"碎股","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","SG9999015978.USD":"利安颠覆性创新基金A"},"translate_title":"Foresight：Eye-Net和软银与日本汽车制造商联手推进蜂窝V2X技术以增强道路安全","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SFTBY":1,"FRSX":0.9},"content_text":"Ness Ziona, Israel, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”) has entered into a multi-phase agreement with SoftBank Corp. (Tokyo: 9434) (“SoftBank”) and a leading Japanese vehicle manufacturer. The collaboration aims to evaluate Eye-Net’s cutting-edge cellular vehicle-to-everything (C-V2X) technology as a key component in advanced driver assistance systems, potentially setting a new standard for road safety.\nUnder the terms of the agreement signed earlier this year, Eye-Net is conducting a paid proof of concept (POC) project supported by SoftBank’s cellular network infrastructure. This initiative is designed to explore the integration of Eye-Net’s non-line-of-sight collision avoidance solution into the automaker’s future vehicle systems, addressing critical challenges in real-time situational awareness.\nThe initial phase of the collaboration consists of an evaluation of Eye-Net™ Sense demonstration kit in a standalone mode. Upon successful evaluation, the parties may engage in the second phase of integrating Eye-Net Sense into the vehicle manufacturer’s infotainment systems. Successful completion of the first two phases could lead to the integration of the Eye-Net Sense solution into the manufacturer’s advanced driver assistance systems, potentially leading to the full commercial deployment in the manufacturer’s vehicles.\n\"This collaboration marks a significant milestone in our mission to revolutionize road safety through cutting-edge C-V2X technology. By combining Eye-Net’s innovative solutions with SoftBank’s robust infrastructure and the expertise of a leading Japanese automaker, we are taking a vital step toward creating safer roads and protecting millions of lives from non-line-of-sight collisions,\" said Dror Elbaz, Chief Executive Office of Eye-Net.\nFor more information about Eye-Net, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; X (formerly Twitter), @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.\nAbout Foresight \nForesight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral 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.\nForesight’s 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’s cellular-based solution suite provides real-time pre-collision 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.\nFor more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on X (formerly Twitter), or join Foresight Automotive on LinkedIn.\nForward-Looking Statements \nThis press release contains forward-looking statements within the meaning of the \"safe harbor\" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as \"expects,\" \"anticipates,\" \"intends,\" \"plans,\" \"believes,\" \"seeks,\" \"estimates\" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the aims of the collaboration, that a successful completion of the first two phases could lead to the integration of the Eye-Net Sense solution into the manufacturer’s advanced driver assistance systems, potentially leading to full commercial deployment in the manufacturer’s vehicles, the advantages and benefits of Eye-Net Sense and that Eye-Net holds the potential to protect millions of road users across the country from non-line-of-sight collisions. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.\nThe forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading \"Risk Factors\" in Foresight's annual report on Form 20-F for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission (\"SEC\") on March 27, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. \nInvestor Relations Contact: Miri Segal-Scharia CEOMS-IR LLC msegal@ms-ir.com917-607-8654","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492411579"}