Foresight Partners With One Of The World's Largest Electric Vehicle Manufacturers
Portfolio Pulse from Benzinga Newsdesk
Foresight Autonomous Holdings Ltd. (FRSX) has signed a multi-phase cooperation agreement with a leading global electric vehicle (EV) Chinese original equipment manufacturer (OEM). The first phase involves a proof of concept project to evaluate Foresight's 3D perception capabilities for possible enhancement of the OEM's current automotive vision solution. Upon successful completion, the parties intend to negotiate a definitive commercial agreement for the joint development, integration, and commercialization of Foresight's technology into the OEM's automotive vision systems.
September 21, 2023 | 1:31 pm
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POSITIVE IMPACT
Foresight's partnership with a leading global EV Chinese OEM could potentially lead to the integration of Foresight's 3D perception technology into the OEM's automotive vision systems, which could significantly boost Foresight's market presence and revenues.
The news of Foresight's partnership with a leading global EV Chinese OEM is highly relevant and important for FRSX as it could potentially lead to the integration of Foresight's 3D perception technology into the OEM's automotive vision systems. This could significantly boost Foresight's market presence and revenues, hence the positive score. The confidence level is high as the information is directly from the company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100