Foresight Leverages On Success To Focus On Defense, Industrial Vehicles And Eye-Net Mobile Initiatives In The Short Term; Co Is Actively Pursuing Ongoing Projects In The Automotive Industry, Expected To Materialize In Both The Medium And Long Term
Portfolio Pulse from Benzinga Newsdesk
Foresight Autonomous Holdings Ltd. (FRSX) is focusing on defense, industrial vehicles, and Eye-Net Mobile initiatives in the short term. The company has signed several agreements and achieved milestones in these sectors, including a $4 million deal with Elbit Systems and a $51 million deal with SUNWAY-AI Technology. Foresight is also pursuing projects in the automotive industry, with partnerships with Hitachi Astemo and ZF Friedrichschafen. The company's Eye-Net subsidiary has partnered with SoftBank and received an order from a leading Japanese vehicle manufacturer.
November 01, 2023 | 12:28 pm
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Foresight Autonomous is focusing on short-term cash generating projects in defense and industrial vehicles sectors, and Eye-Net Mobile initiatives. The company has secured several significant deals and partnerships, which could potentially boost its revenues and stock price.
Foresight Autonomous has secured several significant deals and partnerships in its focus sectors, which could potentially boost its revenues and stock price in the short term. The company's strategic focus on short-term cash generating projects and its successful partnerships indicate a positive outlook.
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