Foresight: Innovative Vision Technologies in Service of Israel’s Ministry of Defense
28 Marzo 2024 - 6:45AM
Foresight Autonomous Holdings Ltd. (“Foresight” or the “Company”),
an innovator in automotive vision systems (Nasdaq and TASE: FRSX),
published today a blog post titled "Revolutionizing Vision: The
Evolution from LiDAR to Foresight's Advanced Technology in Defense
Applications." The blog explores the stereo vision technology
developed by Foresight, over traditional Light Detection and
Ranging (LiDAR) systems, especially in defense applications.
The new blog outlines the performance of LiDAR
and Foresight's stereo vision technology across various operational
scenarios, emphasizing the latter's superior ability to adapt to
diverse and adverse environmental conditions without compromising
on reliability or accuracy. This adaptability, combined with the
potential for significant cost savings, positions Foresight's
solution as a highly attractive option for modern defense platforms
seeking to enhance their operational capabilities while maintaining
budgetary discipline.
In the realm of autonomous vehicle technologies,
LiDAR has long served as a fundamental component, providing
detailed 3D mapping and obstacle detection. However, Foresight's
innovative stereo vision technology emerges as a game-changer,
especially valued by Israel’s Ministry of Defense for its enhanced
operational effectiveness, cost efficiency, and strategic
flexibility.
Foresight’s vision technology QuadSight®
stereovision solution was recognized, last year, as a significant
technological breakthrough by Israel’s Ministry of Defense. The
QuadSight solution was tested extensively for more than two years
in challenging weather and environmental conditions by the
Administration for Research and Development of Weapons and
Technological Infrastructure of Israel’s Ministry of Defense.
The tests were conducted to search for an
alternative sensor to replace active LiDAR sensors. In addition,
the performance of Foresight’s high-resolution point cloud was
tested against LiDAR on platforms designed for autonomous driving.
The Ministry of Defense concluded that Foresight's passive stereo
technology exceeded all requirements and declared it to be a
significant technological breakthrough for defense
applications.
Foresight's technology is designed to perform
flawlessly in the most challenging conditions, including off-road
driving and zero-visibility scenarios, without emitting detectable
energy signatures, thus ensuring covert operations remain
undetected.
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.
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
the Company’s game-changing technology. 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 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.
Investor Relations Contact:
Miri Segal-Scharia CEOMS-IR LLC msegal@ms-ir.com917-607-8654
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