Foresight: Eye-Net Collaborates with Leading Japanese Insurance Company Aiming to Reduce Accident Rate Through Connected Dashcams
01 Abril 2024 - 6:20AM
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an
innovator in automotive vision systems, announced today that its
wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), has
signed a three-way agreement for a proof-of-concept (POC) project
with leading Japanese technology and insurance companies to assess
the integration benefits of Eye-Net’s technology with dashboard
cameras (dashcams) manufactured by the technology company. This
strategic collaboration aims to empower drivers with tools that
prevent accidents, to reduce insurance costs and to improve road
safety.
The technology company plans to evaluate, and
potentially integrate, Eye-Net’s technology into its dashcams. By
integrating Eye-Net’s technology into dashcams, the dashcam
manufacturer would be able to offer an enhanced range of features
that can detect and address collisions occurring outside of the
driver's line of sight.
Dashcams serve as unbiased observers, recording
live footage of the road and anything that occurs within its field
of view. This footage can be crucial in proving fault and
preventing false claims in auto incident disputes and litigation.
With clear videos, insurance companies have a greater capability to
assess what happened in auto incidents, thereby ensuring a more
efficient insurance claim process, less hassle and a more accurate
calculation of any resulting settlement.
Looking ahead, insurance companies may
potentially offer discounted premiums as an incentive for customers
who use connected dashcams equipped with Eye-Net’s advanced
technology.
This innovative approach harnesses the power of
connectivity to create a dynamic ecosystem where vehicle companies,
technology, and insurance services reduce risks for drivers and
enhance their confidence on the road.
For more information about Eye-Net Mobile,
please visit 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.
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 collaboration and potential integration of Eye-Net’s technology
with dashboard cameras, the potential benefits that may be realized
by the collaboration, and the potential discounted insurance
premiums for customers that may use connected dashcams equipped
with Eye-Net’s advanced 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 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.com 917-607-8654
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