NEW YORK, June 14, 2018 — via NetworkWire — NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) (TASE:FRSX), a client of NNW engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry.
To view the full publication, titled “Self-Driving Car Companies Face Choice Between Active and Passive Sensors,” visit: http://nnw.fm/lQ4PJ
The company has already drawn attention with its advanced technology. It has acquired leading investors from the local automotive industry and reached a market cap of $ 100 million as of January 2018. It was featured in CNBC’s article on “What Driving Will Look Like in 2028.” Resources to continue its ambitious research and development program was assured by the recent announcement of a merger agreement with Tamda Ltd. (http://nnw.fm/b7nNy).
Foresight’s leading product is the QuadSight system. This drew positive press attention when it was displayed at the Consumer Electronics Show earlier this year. One of the distinctive features of the QuadSight system is that it doesn’t rely on pattern recognition to identify when there is an obstacle in its way. Any object can be detected, regardless of its material, color or shape. This gives the system an advantage over competitors whose sensors have to be programmed or trained to identify specific hazards.
QuadSight is based on passive rather than active sensors. Its cameras don’t project any sort of energy into the world, but instead captures objects using the light that’s already available by its visible light cameras and captures thermal radiation of objects by its infrared cameras. Passive sensors have two major benefits over active sensors.
Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) (TASE:FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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This article has been provided by Nasdaq Globe Newswire.