{"id":456779,"date":"2021-03-12T08:33:31","date_gmt":"2021-03-12T13:33:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456779"},"modified":"2021-03-12T08:33:31","modified_gmt":"2021-03-12T13:33:31","slug":"foresight-eye-net-successfully-completes-first-pilot-phase-with-a-top-global-vehicle-manufacturer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/foresight-eye-net-successfully-completes-first-pilot-phase-with-a-top-global-vehicle-manufacturer\/","title":{"rendered":"Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer<\/b><\/p>\n<p class=\"bwalignc\">\nThe Japanese vehicle manufacturer has concluded that the Eye-Net\u2122 solution is a valid option for its smart city project\n<\/p>\n<p>NESS ZIONA, Israel&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nForesight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed the first phase of a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The vehicle manufacturer reviewed the performance of the Eye-Net\u2122 Protect accident prevention solution and subsequently concluded it is a valid option for the safety traffic system of its smart city project. Following the results of the first phase, the vehicle manufacturer will initiate technical discussions between Eye-Net and the smart city constructor, progressing towards possible integration into its smart city project.\n<\/p>\n<p>\nThis announcement follows the Company\u2019s March 1<sup>st<\/sup>, 2021 announcement about Eye-Net\u2019s successful completion of a controlled-environment trial, which was part of the same pilot project.\n<\/p>\n<p>\n\u201cWe are excited to announce the completion of the first phase of our pilot project with the Japanese vehicle manufacturer after successfully meeting the vehicle manufacturer\u2019s key performance indicators. We look forward to completing the next steps defined by the vehicle manufacturer and possibly integrating the Eye-Net technology into the Japanese smart city project. This project has the potential to become a critical catalyst for integrating our solution into similar smart city projects around the world,\u201d said Dror Elbaz, COO &amp; Deputy CEO of Eye-Net Mobile.\n<\/p>\n<p>\nFor more information about Eye-Net Mobile, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.eyenet-mobile.com&amp;esheet=52395201&amp;newsitemid=20210312005222&amp;lan=en-US&amp;anchor=www.eyenet-mobile.com&amp;index=1&amp;md5=035221800a637131a0e60ab243f657ee\">www.eyenet-mobile.com<\/a>, or follow the Company\u2019s LinkedIn page, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Feyenet-mobile&amp;esheet=52395201&amp;newsitemid=20210312005222&amp;lan=en-US&amp;anchor=Eye-Net+Mobile&amp;index=2&amp;md5=0d5a670677dd9d01e3f12886a9ba9d5a\">Eye-Net Mobile<\/a>; Twitter, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FEyeNetMobile1&amp;esheet=52395201&amp;newsitemid=20210312005222&amp;lan=en-US&amp;anchor=%40EyeNetMobile1&amp;index=3&amp;md5=fdf927c017ee2b90c340fdadf59bf0ca\">@EyeNetMobile1<\/a>; and Instagram channel, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.instagram.com%2Feyenetmobile1%2F&amp;esheet=52395201&amp;newsitemid=20210312005222&amp;lan=en-US&amp;anchor=Eyenetmobile1&amp;index=4&amp;md5=4b2516b27b5e1019c35572cbed2a67b6\">Eyenetmobile1<\/a>, the contents of which are not incorporated into this press release.\n<\/p>\n<p><b><span class=\"bwuline\">About Foresight<br \/>\n<br \/><\/span><\/b>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\u2019s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both \u201cin-line-of-sight\u201d vision systems and \u201cbeyond-line-of-sight\u201d accident-prevention solutions.\n<\/p>\n<p>\nForesight\u2019s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile\u2019s 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.\n<\/p>\n<p>\nFor more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.foresightauto.com&amp;esheet=52395201&amp;newsitemid=20210312005222&amp;lan=en-US&amp;anchor=www.foresightauto.com&amp;index=5&amp;md5=ef4f4e9edc124ba93a73660207ab692b\">www.foresightauto.com<\/a>, follow <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FForesightAuto1%2F&amp;esheet=52395201&amp;newsitemid=20210312005222&amp;lan=en-US&amp;anchor=%40ForesightAuto1&amp;index=6&amp;md5=33ba3718b29d365a313cbc94c7eb72ef\">@ForesightAuto1<\/a> on Twitter, or join <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fforesight-automotive%2F&amp;esheet=52395201&amp;newsitemid=20210312005222&amp;lan=en-US&amp;anchor=Foresight+Automotive&amp;index=7&amp;md5=ee935852fa92f7e44dcc6a1b77304246\">Foresight Automotive<\/a><span class=\"bwuline\" \/>on LinkedIn.\n<\/p>\n<p><b><span class=\"bwuline\">Forward-Looking Statements<br \/>\n<br \/><\/span><\/b>This press release contains forward-looking statements within the meaning of the &#8220;safe harbor&#8221; provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;seeks,&#8221; &#8220;estimates&#8221; 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 that the vehicle manufacturer will initiate technical discussions between Eye-Net Mobile and the smart city constructor, progressing towards possible integration into its smart city project, completing the next steps defined by the vehicle manufacturer, possibly integrating the Eye-Net technology into the Japanese smart city project, and that the project has the potential to become a critical catalyst for integrating the Company\u2019s solution into similar smart city projects around the world. Because such statements deal with future events and are based on Foresight\u2019s 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 &#8220;Risk Factors&#8221; in Foresight&#8217;s annual report on Form 20-F filed with the Securities and Exchange Commission (&#8220;SEC&#8221;) on March 31, 2020, 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210312005222r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210312005222\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210312005222\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Miri Segal-Scharia<br \/>\n<br \/>CEO<br \/>\n<br \/>MS-IR LLC<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:msegal@ms-ir.com\">msegal@ms-ir.com<br \/>\n<\/a><br \/>917-607-8654\n<\/p>\n<p><b>KEYWORDS:<\/b> Israel Middle East<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Transport Technology Automotive Transport Automotive Manufacturing Manufacturing Other Automotive Software Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210312005222\/en\/601709\/3\/foresight_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer The Japanese vehicle manufacturer has concluded that the Eye-Net\u2122 solution is a valid option for its smart city project NESS ZIONA, Israel&#8211;(BUSINESS WIRE)&#8211; Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed the first phase of a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The vehicle manufacturer reviewed the performance of the Eye-Net\u2122 Protect accident prevention solution and subsequently concluded it is a valid option for the safety traffic system of its smart city project. Following the results of the first phase, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/foresight-eye-net-successfully-completes-first-pilot-phase-with-a-top-global-vehicle-manufacturer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-456779","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/foresight-eye-net-successfully-completes-first-pilot-phase-with-a-top-global-vehicle-manufacturer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer The Japanese vehicle manufacturer has concluded that the Eye-Net\u2122 solution is a valid option for its smart city project NESS ZIONA, Israel&#8211;(BUSINESS WIRE)&#8211; Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed the first phase of a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The vehicle manufacturer reviewed the performance of the Eye-Net\u2122 Protect accident prevention solution and subsequently concluded it is a valid option for the safety traffic system of its smart city project. 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(NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed the first phase of a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The vehicle manufacturer reviewed the performance of the Eye-Net\u2122 Protect accident prevention solution and subsequently concluded it is a valid option for the safety traffic system of its smart city project. 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