UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For
the month of: May 2024 (Report No. 2)
Commission
file number: 001-38094
FORESIGHT
AUTONOMOUS HOLDINGS LTD.
(Translation
of registrant’s name into English)
7
Golda Meir
Ness
Ziona 7403650 Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
CONTENTS
Attached
hereto and incorporated herein is Foresight Autonomous Holdings Ltd.’s (the “Registrant”) press release issued on May
16, 2024, titled “Foresight Expands Thermal Imaging Market Potential as New Safety Regulation is Implemented by U.S. Department
of Transportation.”
The
press release is incorporated by reference into the Registrant’s Registration Statements on Form F-3 (File No. 333-276709) and
Form S-8 (Registration Nos. 333-229716, 333-239474 and 333-268653), filed with the Securities and Exchange Commission, to be a part thereof
from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Foresight
Autonomous Holdings Ltd. |
|
(Registrant) |
|
|
|
Date:
May 16, 2024 |
By: |
/s/
Eli Yoresh |
|
Name:
|
Eli
Yoresh |
|
Title: |
Chief
Financial Officer |
Exhibit 99.1
Foresight
Expands Thermal Imaging Market Potential as New
Safety
Regulation is Implemented by U.S. Department of
Transportation
Foresight’s
stereoscopic thermal imaging improves automatic emergency
braking
for pedestrian safety in low light, addressing new U.S. regulation
Ness
Ziona, Israel – May 16, 2024 - Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”),
an innovator in automotive vision solutions, welcomes the finalization by the U.S. Department of Transportation’s National Highway
Traffic Safety Administration (the “NHTSA”) of a new federal motor vehicle safety standard (the “Safety Regulation”).
The Safety Regulation requires automatic emergency braking (“AEB”) systems in all new passenger cars and light trucks manufactured
by September 2029. The regulation highlights the critical role thermal imaging plays in enhancing vehicle safety through superior object
and pedestrian detection in challenging lighting conditions.
The
NHTSA estimates this regulation will save at least 360 lives and prevent 24,000 injuries annually. AEB systems use sensors to detect
oncoming collisions and automatically apply the brakes if the driver has not. While AEB is a valuable safety feature, it can have limitations
in certain lighting and weather conditions. Thermal imaging uses heat signatures to detect objects, including humans and animals, in
challenging conditions such as darkness, glare, and adverse weather. The Company believes that its thermal imaging technology offers
superior pedestrian detection, making it a perfect complement to existing AEB systems.
The
Company believes that being a pioneering innovator of automotive vision solutions using groundbreaking stereoscopic thermal imaging technology,
gives it a significant advantage in offering safer AEB solutions. In addition, as the Safety Regulation is expected to lead to increased
demand for thermal cameras, the associated costs are expected to decrease substantially in the coming years. The Company believes that
it can help its customers comply with NHTSA standards and can offer vehicle manufacturers a readily available sophisticated and affordable
thermal imaging solution engineered to save lives on roads.
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 expected phase-in compliance date for the Safety Regulation, the expected safety benefits of the implementation
of the Safety Regulation, the advantages of its thermal imaging technology, its expectation that associated costs related to thermal
cameras are likely to decrease substantially, and that it believes it can help its customers and vehicle manufacturers comply with NHTSA
standards with its readily available 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
CEO
MS-IR
LLC
msegal@ms-ir.com
917-607-8654
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