Foresight Granted Patent Approval in Japan for All-Weather and Lighting Conditions Vision System
17 Abril 2024 - 7:35AM
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an
innovator in automotive vision systems, announced today that it has
received a notice of allowance from the Japan Patent Office for its
patent application, number 2020-557022, for the Company’s
“multi-spectral vehicular system for providing pre-collision
alerts.”
The patented technology combines data from a
pair of stereoscopic infrared sensors and a pair of stereoscopic
visible-light sensors through an advanced fusion module. The fusion
enables precise obstacle detection and distance estimation. The
fusion of the two stereoscopic channels also tackles corner-case
scenarios, particularly in challenging weather and lighting
conditions, while minimizing false alerts. The system’s automatic
calibration module is designed to ensure that stereo cameras
maintain calibration regardless of their configuration or position,
thereby ensuring accurate and continuous depth perception.
We believe that the patent approval in Japan is
a significant advancement for Foresight, paving the way for safer
and more efficient autonomous vehicles in a country known for its
automotive innovation. Moreover, the approval of the patent
emphasizes the enhanced value of technology for reliable obstacle
detection under adverse weather conditions. This gives it a
competitive edge over other sensors that struggle to perform in
challenging environmental conditions.
This patent serves as the foundation of
Foresight’s QuadSight® automotive vision system. The Company’s
four-camera vision system provides unparalleled obstacle detection
capabilities for semi-autonomous and autonomous vehicles. Through
sensor fusion, QuadSight combines reflected light from
visible-light cameras with thermal energy captured by long-wave
infrared cameras for robust, accurate object detection of any
shape, form or material, in all weather and lighting conditions -
including complete darkness, rain, haze, fog and glare.
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
that the patented technology is highly beneficial to its key
markets, that the patent approval is a significant advancement for
the Company, paving the way for safer and more efficient autonomous
vehicles in Japan, and that the approval of the patent emphasizes
the enhanced value of technology for reliable obstacle detection
under adverse weather conditions, giving it a competitive edge over
other sensors that struggle to perform in challenging environmental
conditions. 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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