Foresight Autonomous Holdings Ltd. Secures Exclusive Agreement With Elbit Systems, Expected To Generate Revenues Of $4M Over Five-Year Period
Portfolio Pulse from Benzinga Newsdesk
Foresight Autonomous Holdings Ltd. (FRSX) has entered into an exclusive agreement with Elbit Systems, which is anticipated to generate $4 million in revenue over a five-year period. This strategic partnership is expected to enhance Foresight's market position and financial performance by providing a steady income stream.
December 18, 2023 | 1:16 pm
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The exclusive agreement with Elbit Systems is a positive development for Foresight Autonomous Holdings Ltd., likely to provide a reliable revenue source and strengthen its market position.
The announcement of an exclusive agreement with a reputable partner like Elbit Systems is a strong indicator of potential growth and stability for Foresight Autonomous. The expected revenue of $4 million over five years provides a clear financial benefit and is likely to be viewed positively by investors, potentially leading to a short-term increase in FRSX's stock price.
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