Foresight Signs Agreement to Supply Autonomous Drone Technology in India with Revenue Potential of up to $2.5 Million by 2026
Portfolio Pulse from
Foresight has signed an agreement to supply its 3D perception technology for autonomous drones in India, potentially generating up to $2.5 million in revenue by 2026 and $16 million by 2029.
January 14, 2025 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Foresight has entered a partnership to supply its 3D perception technology for autonomous drones in India, with potential revenue of $2.5 million by 2026 and $16 million by 2029.
The agreement with a supplier for the Indian Ministry of Defense is a significant development for Foresight, indicating a strong revenue potential and expansion into a new market. This is likely to positively impact FRSX's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100