Foresight Subsidiary, Eye-Net Collaborates With Leading Japanese Insurance Company Aiming To Reduce Accident Rate Through Connected Dashcams
Portfolio Pulse from Benzinga Newsdesk
Foresight Autonomous Holdings Ltd. (FRSX) subsidiary, Eye-Net Mobile Ltd., has entered a three-way proof-of-concept project with a leading Japanese insurance company and a dashcam manufacturer to integrate Eye-Net's technology into dashcams. This collaboration aims to enhance road safety by providing drivers with advanced tools to prevent accidents, potentially leading to reduced insurance costs and improved claim processes.
April 01, 2024 | 12:30 pm
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Foresight Autonomous Holdings Ltd. (FRSX) subsidiary Eye-Net's collaboration with a Japanese insurance company and dashcam manufacturer could lead to technological advancements in dashcams, potentially reducing accident rates and insurance costs.
The collaboration between FRSX's subsidiary Eye-Net, a Japanese insurance company, and a dashcam manufacturer to integrate advanced technology into dashcams is likely to have a positive impact on FRSX's stock in the short term. This is due to the potential for the technology to reduce accident rates and insurance costs, which could lead to increased demand for the integrated dashcams. The partnership also highlights FRSX's commitment to innovation and road safety, potentially enhancing its reputation and market position.
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