• Foresight’s technology previously recognized as a significant breakthrough by Israel’s Ministry of Defense

NESS ZIONA, Israel, March 28, 2024 (GLOBE NEWSWIRE) -- 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
CEO
MS-IR LLC
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