Foresight: Eye-Net and SoftBank Corp. Successfully Complete First Phase of Cross-Collision Prevention V2X Project in Japan
06 11월 2023 - 10:20PM
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. (“Eye-Net” or “Eye-Net
Mobile”), announced the successful completion of the first phase of
a multi-phase project with SoftBank Corp. (Tokyo: 9434)
(“SoftBank”).
SoftBank confirmed the successful completion of
the initial phase of the multi-phase project. We believe that this
progress indicates an important step in the collaboration between
SoftBank and Eye-Net. SoftBank is anticipating Eye-Net's deployment
of its innovative location service within SoftBank's multi-access
edge computing (MEC) infrastructure. The eventual potential
integration of Eye-Net’s location service is expected to
significantly improve the field of connectivity and collision
prevention. Successful completion of this integration is a
prerequisite for the deployment of Eye-Net’s solutions in the
Japanese market.
Eye-Net signed an agreement for a paid proof of
concept project with SoftBank, a Japan-based telecommunications and
IT operator, as reported by the Company, on August 31, 2023. The
project is part of a multiphase work plan which could potentially
lead to a commercial deployment of Eye-Net’s solutions in the
Japanese market through SoftBank’s multiple business partners.
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.,
Foresight Changzhou 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 and dense three-dimensional (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
that the progress indicates an important step in the collaboration,
that Eye-Net is to deploy its location service within SoftBank’s
multi-access edge computing infrastructure, that the integration of
Eye-Net’s location service might significantly improve the field of
connectivity and collision prevention, that the Company believes
the integration of Eye-Net’s location service is necessary for the
deployment of Eye-Net’s solution in the Japanese market, and that
the project is part of a multiphase work plan that could lead to
the commercial deployment of Eye-Net’s solutions in the Japanese
market through SoftBank’s business partners. 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 30, 2023, 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.
Investor Relations Contact:
Miri Segal-SchariaCEOMS-IR
LLCmsegal@ms-ir.com917-607-8654
Foresight Autonomous (NASDAQ:FRSX)
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