Foresight Subsidiary Eye-Net Secures Follow-Up Order From Leading Japanese Vehicle Manufacturer
Portfolio Pulse from Benzinga Newsdesk
Foresight Autonomous Holdings Ltd. (FRSX), through its subsidiary Eye-Net Mobile Ltd., has secured an additional order from a leading Japanese vehicle manufacturer for a development project aimed at integrating Eye-Net's V2X communication technology, Eye-Zone™, into the manufacturer's ADAS systems. This follows the successful completion of initial phases of a proof-of-concept project demonstrating the technology's potential benefits for automotive safety and communication.
March 19, 2024 | 12:44 pm
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Foresight Autonomous Holdings Ltd. (FRSX) receives a follow-up order for its Eye-Net V2X communication technology from a major Japanese vehicle manufacturer, indicating potential growth in automotive partnerships and technology adoption.
The follow-up order from a leading Japanese vehicle manufacturer for Foresight's subsidiary Eye-Net Mobile Ltd. indicates a strong vote of confidence in the company's V2X communication technology, Eye-Zone™. This development not only showcases the technology's potential in enhancing automotive safety and communication but also positions FRSX for potential growth through commercial opportunities and partnerships in the automotive industry. The successful completion of initial POC phases and the decision to proceed further underline the technology's feasibility and the manufacturer's interest in integrating it into their ADAS systems, which could lead to increased demand and visibility for FRSX's technology.
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