Foresight Autonomous Holdings (FRSX) said Monday it has signed an agreement with South Korean automotive supplier Konec to integrate its 3D perception tools in the vehicles and machinery of Konec's clients and business partners in South Korea.
Financial terms were not disclosed.
The parties are also planning to form a joint venture in South Korea, including constructing a site to produce advanced solutions, Foresight added.
Foresight's shares rose 4% in recent Monday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments