Foresight: Eye-Net and a Top Multinational European Cellular Provider to Conduct Technological Demonstrations Over 5G Network
February 08 2021 - 8:30AM
Business Wire
The cellular provider will conduct the
technological demonstrations in front of several commercial
partners and different business units within its organization
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an
innovator in automotive vision systems, announced today that its
wholly owned subsidiary, Eye-Net Mobile Ltd., will conduct
technological demonstrations over the 5G cellular network in
collaboration with the innovation labs of a top multinational
European cellular provider to test its Eye-Net™ Protect
cellular-based vehicle-to-everything (V2X) accident prevention
solution. The cellular provider will conduct the technological
demonstrations in front of different business units within its
organization as well as several commercial partners. The
demonstrations will be used to test the software development kit
(SDK) configuration and performance of the Eye-Net solution in
controlled environment scenarios. Successful demonstrations of
Eye-Net Protect’s V2X capabilities may lead to a pilot project with
the cellular provider.
The Eye-Net Protect cellular-based V2X solution is designed to
protect the most vulnerable road users in real time—including
pedestrians, cyclists, scooter drivers and car drivers—by providing
collision alerts when the road users have no direct line of sight.
Eye-Net Protect is agnostic to cellular infrastructure and
seamlessly adapts to the cellular network generation.
“Conducting technological demonstrations in collaboration with a
leading European cellular provider marks a vote of confidence in
Eye-Net’s innovative technology and potential. The technological
demonstrations will run on the cellular provider’s 5G network,
which is expected to enable enhanced performance, serving as a use
case for a massive IoT application,” said Dror Elbaz, COO &
Deputy CEO of Eye-Net Mobile. “Eye-Net Protect provides real-time
pre-collision alerts to all road users. A future partnership with a
leading multinational cellular service provider may allow
widespread deployment of Eye-Net Protect and may increase the
chances of preventing accidents and saving lives.”
For more information about Eye-Net Mobile, please visit
www.eyenet-mobile.com, or follow the Company’s LinkedIn page,
Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel,
Eyenetmobile1, the contents of which are not incorporated into this
press release.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a
technology company developing smart multi-spectral vision software
solutions and cellular-based applications. 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” accident-prevention
solutions.
Foresight’s vision solutions include modules of automatic
calibration, sensor fusion and dense 3D point cloud that can be
applied to different markets such as automotive, defense,
autonomous vehicles and heavy industrial equipment. Eye-Net
Mobile’s cellular-based solution suite provides real-time
pre-collision alerts to enhance road safety and situational
awareness for all road users in the urban mobility environment by
incorporating cutting-edge AI technology and advanced
analytics.
For more information about Foresight and its wholly owned
subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 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
conducting technological demonstrations in collaboration with the
innovation labs of a top multinational European cellular provider,
that successful demonstrations may lead to a pilot project with the
cellular provider, and that a future partnership with a leading
multinational cellular service provider may allow widespread
deployment of Eye-Net Protect and may increase the chances of
preventing accidents and saving lives. 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 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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Investor Relations Contact: Miri Segal-Scharia CEO MS-IR
LLC msegal@ms-ir.com 917-607-8654
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