NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, will present its award-winning QuadSight vision system’s capabilities live from the show floor for the first time at CES 2020. In addition, a live broadcast from the Company’s demo center in Israel will demonstrate the system’s ability to detect any obstacle in complete darkness, fog, rain, and blinding glare. Both demonstrations will be shown in booth #1307 at CES 2020, January 7–10 at the Westgate Las Vegas.
Designed for autonomous and semi-autonomous vehicles, the four-camera vision system achieves superior detection performance by using two pairs of infrared and visible-light stereoscopic cameras to generate high-density 3D mapping. Visitors to the booth will be able to appreciate Foresight’s latest technological developments, perfecting the QuadSight system’s obstacle detection capabilities on any road and in any weather or lighting conditions.
“In 2019, Foresight recorded significant strategic developments, as more vehicle manufacturers and Tier One automotive suppliers purchased QuadSight prototype systems in order to evaluate the Company’s core technology with their specific needs and enable vehicle autonomy,” said Haim Siboni, CEO of Foresight. “CES 2020 will give us an opportunity to showcase our unique technological advancements, demonstrating how QuadSight became the technology of choice for autonomous vision.”
The QuadSight vision system demonstration, enabling a real-time driver’s perspective, will be broadcast live several times per day. Interested parties are encouraged to contact Foresight to schedule a demo.
For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, please visit www.foresightauto.com, follow @ForesightAuto on Twitter, or join Foresight Automotive on LinkedIn, the contents of which are not incorporated into this press release.
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, 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’ movement.
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 semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
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," "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 that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. 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.
The 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 20, 2019, 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.