Eye-Net launches a pilot project with a Japanese multinational

The Eye-Net ™ Protect accident prevention solution will be tested for integration into a car-to-everything middleware platform

Ness Ziona, Israel –News Direct– Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, today announced that its wholly-owned subsidiary, Eye-Net Mobile Ltd., has launched a pilot project with the IT subsidiary of a multinational corporation. several billion dollars. A Japanese company will test its solution for the prevention of vehicle accidents at all (V2X) based on the Eye-Net ™ Protect cellphone. The pilot project will evaluate Eye-Net’s solution for possible integration as an application layer into the Japanese company’s car-to-everything (C2X) platform to create potentially safer driving environments.

Eye-Net Protect

This additional pilot project expands Eye-Net’s business in the automotive market, potentially allowing the Japanese company to expand its communication capabilities to include more vulnerable road users such as pedestrians and cyclists, in addition drivers.

“Eye-Net continues its efforts and activities to establish its position in the automotive market, offering an accident prevention software solution that can be used either as a stand-alone product or as an application layer on platforms. existing forms. We believe the start of a fourth pilot project in Japan indicates a vote of confidence in the Japanese market and demonstrates a real need for a readily available solution that provides real-time pre-collision alerts and has the potential to save lives. . We believe that the current pilot project will open up new collaborative opportunities for Eye-Net in the V2X cellular market, ”said Dror Elbaz, COO and Deputy CEO of Eye-Net Mobile.

For more information on Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @ EyeNetMobile1; and the Instagram channel, Eyenetmobile1, the content of which is not included in this press release.

Forward-looking statements

This 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”, “intention”, “plans”, “believes”, “research”, “estimates” and similar expressions or variations of these words are intended to identify forward-looking statements. For example, Foresight uses forward-looking statements in this press release when it explains that the pilot will be used to evaluate Eye-Net’s solution for possible integration as an application layer to the platform. form C2X of the Japanese company, the belief that the fourth pilot project in Japan indicates a vote of confidence from the Japanese market and demonstrates a real need for a readily available solution that provides real-time pre-collision alerts and has the potential to save lives, and that the current pilot project will open up new collaborative opportunities for Eye-Net in the cellular-V2X market. Because these statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and the actual results, performance or achievements of Foresight could differ materially from those described or implied by the statements contained in this press release. 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 filed with the Securities and Exchange Commission (“SEC”) on March 30, 2021 and in any subsequent filing with the SEC. Unless otherwise required by law, Foresight does not undertake to issue revisions to these forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unforeseen events. References and links to websites have been provided as a convenience, and information contained on such websites is not incorporated by reference in this press release. Foresight is not responsible for the content of third party websites.

About foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company that develops intelligent software solutions for multispectral vision and cellular applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “line of sight” vision systems and “beyond the line of sight” accident prevention solutions. Foresight’s vision solutions include automatic calibration, sensor fusion, and dense 3D point cloud modules that can be applied to various markets such as automotive, defense, autonomous vehicles and industrial equipment. heavy. Eye-Net Mobile’s suite of cellular solutions provides real-time pre-collision alerts to improve road safety and situational awareness for all road users in the urban mobility environment by incorporating technology cutting-edge AI and advanced analytics. For more information on Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn.

Contact details

Investor Relations Contact

Miri Segal-Scharia, CEO, MS-IR LLC

+1 917-607-8654

[email protected]

Company Website

https://www.foresightauto.com/

See the source version on newsdirect.com: https://newsdirect.com/news/foresight-eye-net-launches-pilot-project-with-multinational-japanese-company-283145340


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