Foresight to Enable Mass Screening for Detection of COVID-19 Pandemic Symptoms Using Thermal Cameras & Artificial Intelligenc...
June 05 2020 - 7:15AM
Business Wire
A patent application was submitted in the
United States for fast and accurate detection of six leading
COVID-19 symptoms
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an
innovator in automotive vision, announced today that it has started
developing a mass screening solution for the detection of COVID-19
symptoms based on visible-light and thermal cameras. In addition,
the Company has submitted a patent application to the U.S. Patent
and Trademark Office for a system and method for detection of
people infected with the COVID-19 virus.
Based on the Company’s extensive knowledge using FLIR thermal
cameras, artificial intelligence (AI) and advanced algorithms, the
system is designed to rapidly and accurately detect some of the
main symptoms associated with the COVID-19 virus. Foresight’s
expertise in automotive vision systems and advanced algorithms will
be applied to detect symptoms of COVID-19 including cough and signs
of fatigue, in addition to high body temperature, thus increasing
the likelihood of accurate detection and potentially eliminating
false positive results. These symptoms can be identified by using
the Company’s intellectual property that combines both
visible-light and thermal cameras.
To date, more than six million people worldwide have been
confirmed as coronavirus patients, with a global death toll of over
380,000 people and rising. Foresight recognizes the need for
accurate touch-free mass screening, which will help detect
potential coronavirus patients in order to allow quick isolation
and eventually prevent the spread of this and similar viruses.
Foresight’s solution is suitable for quick screening of large
groups of people in high traffic areas such as airports, hospitals,
sports stadiums, universities, shopping malls and residential
complexes.
“The COVID-19 pandemic has created new challenges for public
safety, prioritizing the prevention of another pandemic outbreak as
the world begins to resume normal activities. Our extensive
experience with thermal imaging and AI can be invaluable when
applied to a detection solution for early symptoms of the
coronavirus. Several prospective customers have already expressed
interest in evaluating our unique technology”, said Haim Siboni,
CEO of Foresight. “Foresight will continue to work with its
multinational collaborators towards the development of automotive
vision systems enabling obstacle detection in harsh weather and
lighting conditions.”
About Foresight
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.
For more information about Foresight and its wholly owned
subsidiary, Foresight Automotive, visit www.foresightauto.com,
follow @ForesightAuto on Twitter, or join Foresight Automotive on
LinkedIn.
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," "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
creating a solution to detect early symptoms of the coronavirus,
that prospective customers have already expressed interest in
evaluating the technology, and that Foresight will continue to work
with its multinational collaborators towards the development of
automotive vision systems enabling obstacle detection in harsh
weather and lighting conditions. 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.
In addition, Foresight cannot assure that any patent will issue
as a result of a pending patent application or, if issued, whether
it will issue in a form that will be advantageous to Foresight. 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 31, 2020, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200605005206/en/
Investor Relations Contact: Miri Segal-Scharia CEO MS-IR
LLC msegal@ms-ir.com 917-607-8654
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