{"id":796431,"date":"2024-12-20T06:43:08","date_gmt":"2024-12-20T11:43:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/foresight-eye-net-and-softbank-join-forces-with-japanese-automaker-to-advance-cellular-v2x-technology-for-enhanced-road-safety\/"},"modified":"2024-12-20T06:43:08","modified_gmt":"2024-12-20T11:43:08","slug":"foresight-eye-net-and-softbank-join-forces-with-japanese-automaker-to-advance-cellular-v2x-technology-for-enhanced-road-safety","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/foresight-eye-net-and-softbank-join-forces-with-japanese-automaker-to-advance-cellular-v2x-technology-for-enhanced-road-safety\/","title":{"rendered":"Foresight: Eye-Net and SoftBank Join Forces with Japanese Automaker to Advance Cellular V2X Technology for Enhanced Road Safety"},"content":{"rendered":"
\n

Ness Ziona, Israel, Dec. 20, 2024 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (\u201cForesight\u201d or the \u201cCompany\u201d), an innovator in 3D perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (\u201cEye-Net\u201d or \u201cEye-Net Mobile\u201d) has entered into a multi-phase agreement with SoftBank Corp. (Tokyo: 9434) (\u201cSoftBank\u201d) and a leading Japanese vehicle manufacturer. The collaboration aims to evaluate Eye-Net\u2019s cutting-edge cellular vehicle-to-everything (C-V2X) technology as a key component in advanced driver assistance systems, potentially setting a new standard for road safety.<\/p>\n

Under the terms of the agreement signed earlier this year, Eye-Net is conducting a paid proof of concept (POC) project supported by SoftBank\u2019s cellular network infrastructure. This initiative is designed to explore the integration of Eye-Net\u2019s non-line-of-sight collision avoidance solution into the automaker\u2019s future vehicle systems, addressing critical challenges in real-time situational awareness.<\/p>\n

The initial phase of the collaboration consists of an evaluation of Eye-Net\u2122 Sense demonstration kit in a standalone mode. Upon successful evaluation, the parties may engage in the second phase of integrating Eye-Net Sense into the vehicle manufacturer\u2019s infotainment systems. Successful completion of the first two phases could lead to the integration of the Eye-Net Sense solution into the manufacturer\u2019s advanced driver assistance systems, potentially leading to the full commercial deployment in the manufacturer\u2019s vehicles.<\/p>\n

“This collaboration marks a significant milestone in our mission to revolutionize road safety through cutting-edge C-V2X technology. By combining Eye-Net\u2019s innovative solutions with SoftBank\u2019s robust infrastructure and the expertise of a leading Japanese automaker, we are taking a vital step toward creating safer roads and protecting millions of lives from non-line-of-sight collisions,” said Dror Elbaz, Chief Executive Office of Eye-Net.<\/p>\n

For more information about Eye-Net, please visit www.eyenet-mobile.com<\/u><\/a>, or follow the Company\u2019s LinkedIn page, Eye-Net Mobile<\/u><\/a>;<\/u> X (formerly Twitter), @EyeNetMobile1<\/u><\/a>;<\/u> and Instagram channel, Eyenetmobile1<\/u><\/a>, the contents of which are not incorporated into this press release.<\/p>\n

\n
\n About Foresight <\/u>
\n <\/strong>\n <\/p>\n

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., Foresight Changzhou 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.<\/p>\n

Foresight\u2019s 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\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.<\/p>\n

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com<\/a><\/u>, follow @ForesightAuto1<\/u><\/a> on X (formerly Twitter), or join Foresight Automotive<\/u><\/a> on LinkedIn.<\/p>\n

\n
\n Forward-Looking Statements <\/u>
\n <\/strong>\n <\/p>\n

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 the aims of the collaboration, that a successful completion of the first two phases could lead to the integration of the Eye-Net Sense solution into the manufacturer\u2019s advanced driver assistance systems, potentially leading to full commercial deployment in the manufacturer\u2019s vehicles, the advantages and benefits of Eye-Net Sense and that Eye-Net holds the potential to protect millions of road users across the country from non-line-of-sight collisions. 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.<\/p>\n

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 for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”) on March 27, 2024, 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.\u00a0<\/p>\n

\n Investor Relations Contact: <\/strong>
\n
Miri Segal-Scharia
CEO
MS-IR LLC
msegal@ms-ir.com<\/u><\/a>
917-607-8654<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Ness Ziona, Israel, Dec. 20, 2024 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (\u201cForesight\u201d or the \u201cCompany\u201d), an innovator in 3D perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (\u201cEye-Net\u201d or \u201cEye-Net Mobile\u201d) has entered into a multi-phase agreement with SoftBank Corp. (Tokyo: 9434) (\u201cSoftBank\u201d) and a leading Japanese vehicle manufacturer. The collaboration aims to evaluate Eye-Net\u2019s cutting-edge cellular vehicle-to-everything (C-V2X) technology as a key component in advanced driver assistance systems, potentially setting a new standard for road safety. Under the terms of the agreement signed earlier this year, Eye-Net is conducting a paid proof of concept (POC) project supported by SoftBank\u2019s cellular network infrastructure. This initiative is designed to explore the integration … <\/p>\n

Continue reading “Foresight: Eye-Net and SoftBank Join Forces with Japanese Automaker to Advance Cellular V2X Technology for Enhanced Road Safety”<\/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-796431","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nForesight: Eye-Net and SoftBank Join Forces with Japanese Automaker to Advance Cellular V2X Technology for Enhanced Road Safety - 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-and-softbank-join-forces-with-japanese-automaker-to-advance-cellular-v2x-technology-for-enhanced-road-safety\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foresight: Eye-Net and SoftBank Join Forces with Japanese Automaker to Advance Cellular V2X Technology for Enhanced Road Safety - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ness Ziona, Israel, Dec. 20, 2024 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (\u201cForesight\u201d or the \u201cCompany\u201d), an innovator in 3D perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (\u201cEye-Net\u201d or \u201cEye-Net Mobile\u201d) has entered into a multi-phase agreement with SoftBank Corp. (Tokyo: 9434) (\u201cSoftBank\u201d) and a leading Japanese vehicle manufacturer. The collaboration aims to evaluate Eye-Net\u2019s cutting-edge cellular vehicle-to-everything (C-V2X) technology as a key component in advanced driver assistance systems, potentially setting a new standard for road safety. Under the terms of the agreement signed earlier this year, Eye-Net is conducting a paid proof of concept (POC) project supported by SoftBank\u2019s cellular network infrastructure. 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(Nasdaq and TASE: FRSX) (\u201cForesight\u201d or the \u201cCompany\u201d), an innovator in 3D perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (\u201cEye-Net\u201d or \u201cEye-Net Mobile\u201d) has entered into a multi-phase agreement with SoftBank Corp. (Tokyo: 9434) (\u201cSoftBank\u201d) and a leading Japanese vehicle manufacturer. The collaboration aims to evaluate Eye-Net\u2019s cutting-edge cellular vehicle-to-everything (C-V2X) technology as a key component in advanced driver assistance systems, potentially setting a new standard for road safety. Under the terms of the agreement signed earlier this year, Eye-Net is conducting a paid proof of concept (POC) project supported by SoftBank\u2019s cellular network infrastructure. 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