FORESIGHT AUTONOMOUS TESLA DRIVER

FORESIGHT AUTONOMOUS TESLA DRIVER

Eyes-On is an advanced driver assistance system (“ADAS”) that uses two cameras and stereoscopic technology to detect potential obstacles with a very high degree of accuracy. The MOU could potentially see the importer order 21,000 Eyes-On systems over three years. As a first step, Foresight and the importer will carry out a pilot project using a beta version of the Eyes-On system during which the system will be integrated into a number of models from the importer’s fleet of vehicles. Foresight’s third solution, EyeNet, is a cellular-based V2X accident prevention system.įoresight recently signed a non-binding memorandum of understanding (“MOU”) with a leading importer of vehicles to Israel for the sale of its Eyes-On system for aftermarket configuration. Foresight now uses the same technology to power two of its unique solutions: QuadSight and Eyes-On. The company was first conceptualized as a spin-off of major shareholder Magna B.S.P., an Israeli company that has provided innovative homeland security and surveillance technology solutions for the last 20 years. (NASDAQ: FRSX) (TASE: FRSX), a technological innovator in automotive vision systems and driver assistance technology working to solve the complex nuances of autonomous driving.įoresight creates products and solutions designed to drive the future of the semi- and fully-autonomous vehicle industry. Well positioned to take advantage of the upcoming autonomous vehicle boom is Foresight Autonomous Holdings Ltd. The global autonomous vehicle market is expected to reach $54.23 billion by 2026 ( ). Elon Musk predicted a fully autonomous Tesla (NASDAQ: TSLA) model by 2018, and General Motors Company (NYSE: GM) is slated to put its version of a fully autonomous car into production in 2019 ( ) ( ). While 2017 was the year of the electric vehicle, 2018 is slated to be the year of autonomy. Global autonomous vehicle market expected to reach $54.23 billion by 2026.Foresight moves forward with plans to sell its Eyes-On automotive vision system to a leading Israeli vehicle importer.The company looks to establish mutual cooperation with key clients in automotive industry.

Foresight sets primary goal to sell prototype systems of QuadSight, its multi-spectral vision system for autonomous vehicles.

Foresight autonomous tesla