Ness Ziona, Israel, March 11, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that it and its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), have entered into definitive agreements with institutional and private investors for an investment in Eye-Net, based on an Eye-Net pre-money valuation of $45 million. The gross proceeds of the investment will be approximately $2.75 million, before deducting finders' fees and other estimated offering expenses.
Eye-Net's compliance validation clears the path to European market expansion following successful UTAC testing Ness Ziona, Israel, March 07, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in three-dimensional (“3D”) perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd.
The new products are designed to provide warn ings to both road users and construction workers , helping to reduce the likelihood of accidents
The validation was part of Eye-Net's collaboration with Software République to deploy its advanced digital services in France
Foresight's supply chain and production lines are now prepared for rapid growth and commercial ramp-up Ness Ziona, Israel, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today a major milestone in its production and commercialization road map, with the delivery of its first batch of ScaleCam™ systems to SUNWAY-AI Technology (Changzhou) Co., Ltd.
The cooperation , with a renowned supplier of the Indian Ministry of Defense, entails develop ment and integrat ion of Foresight's 3D perception solution int o autonomous drones . The five-year collaboration is projected to generate potential revenue up to $ 16 million by 2029.
KONEC's customers and partners aim to integrate Foresight's advanced 3D perception solutions into the ir vehicles and solutions
The agreement aims to integrate advanced 3D perception solutions into the vehicles and solutions of KONEC 's customers and partners across a wide range of sectors, including passenger and commercial vehicles, autonomous logistics vehicles, geofenced autonomous vehicles, as well as agriculture and heavy machinery
Initially t he parties will collaborate to develop and bring to market advanced 3D perception solutions for Bumhan's autonomous electric buses, with plans to expand their offerings into semi - and fully autonomous solutions for commercial vehicles
The parties will collaborate to develop and commercialize advanced AI-powered parking management solutions to enhance urban parking, making it smarter, more efficient and user-friendly