Foresight Partners with One Of The World's Largest Industrial Equipment Manufacturers For Proof Of Concept Project
Portfolio Pulse from Happy Mohamed
Foresight Autonomous Holdings Ltd. (FRSX) has signed a paid proof of concept (POC) project with the Chinese subsidiary of a leading industrial equipment manufacturer. The Fortune 500 company will evaluate Foresight's QuadSight technology for potential integration into its mining and construction trucks. The technology offers 360° 3D perception capabilities, providing an alternative to existing LiDAR sensors.
August 11, 2023 | 1:21 pm
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POSITIVE IMPACT
Foresight's partnership with a leading industrial equipment manufacturer for a POC project could lead to the integration of its technology into the manufacturer's trucks, potentially increasing Foresight's market reach and revenues.
The news of Foresight's partnership with a leading industrial equipment manufacturer for a POC project is highly relevant and important for FRSX. If the POC project is successful and leads to the integration of Foresight's technology into the manufacturer's trucks, it could significantly increase Foresight's market reach and revenues. This could potentially have a positive impact on FRSX's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100