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Foresight: Eye-Net to Launch Virtual Sensor for Automotive Industry at CES 2023

PRESS RELEASE: Paid content from News Direct Corporation
Press release content from News Direct Corporation. The AP news staff was not involved in its creation.
January 4, 2023 GMT
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--News Direct--

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), will showcase for the first time its new collision prediction solution, Eye-Zone™, a virtual sensor designed for the automotive industry. Visitors can meet the Eye-Net team at CES 2023, January 5–8, 2023 in booth 9235 at the North Hall of the Las Vegas Convention Center.

Eye-Zone is a vehicle-to-everything (V2X) collision detection and accident prevention solution that sends alerts and indications to the driver. Eye-Zone uses a unique virtual sensor RUDAR™ (Road Users Detection and Ranging) that provides a point cloud of the real time location, movement characteristics and probability of collision with each of the road users around the vehicle.

Eye-Zone can be easily integrated into various automotive systems such as Advanced Driver Assistance Systems (ADAS), navigation systems and infotainment systems, allowing vehicle manufacturers and Tier 1 and Tier 2 automotive suppliers to enhance their existing safety systems by detecting threats that are beyond line of sight and providing timely, actionable alerts.

Eye-Net will also demonstrate Eye-Net Protect, its all-road-users safety solution, protecting pedestrians, cyclists and drivers. Visitors to CES will be able to enjoy a unique, behind-the-wheel experience on Eye-Net’s 3D driving simulator while preventing road accidents using Eye-Net Protect.

Contact Eye-Net to schedule a meeting or book your simulator ride.

For more information about Eye-Net Mobile, please visit http://www.eyenet-mobile.com, or follow the company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses Eye-Zone’s potential uses, integrations, and benefits. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites.

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions.

Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics.

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn.

Contact Details

Investor Relations Contact:

Miri Segal-Scharia, CEO, MS-IR LLC

+1 917-607-8654

msegal@ms-ir.com

Company Website

https://www.foresightauto.com/

View source version on newsdirect.com: https://newsdirect.com/news/foresight-eye-net-to-launch-virtual-sensor-for-automotive-industry-at-ces-2023-276432387