Ness Ziona, Israel, March 28, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today that on March 24, 2025, the Company received a written notice (the “Notice”) from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for its American Depositary Shares (“ADSs”) was below $1.00 per share for the last 30 consecutive business days. 

NESS ZIONA, Israel, March 24, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd., (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, today reported financial results for the fourth quarter and full year ended December 31, 2024.

Foresight to equip autonomous drones and unmanned aerial vehicles with NVIDIA Jetson Orin platform for enhanced real-time perception, obstacle detection, and energy efficiency across diverse applications

Foresight and Excava, a leading Indian Tier-One Supplier, intend to establish a locally incorporated partnership or joint venture to invest in manufacturing and sales activities in India. Foresight will be responsible for the technology and know-how transfer while Excava will handle manufacturing and sales activities in the Indian market. 

Ness Ziona, Israel, March 11, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that it and its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), have entered into definitive agreements with institutional and private investors for an investment in Eye-Net, based on an Eye-Net pre-money valuation of $45 million. The gross proceeds of the investment will be approximately $2.75 million, before deducting finders' fees and other estimated offering expenses.

Eye-Net’s compliance validation clears the path to European market expansion following successful UTAC testing

Foresight to equip autonomous drones and unmanned aerial vehicles with NVIDIA Jetson Orin platform for enhanced real-time perception, obstacle detection, and energy efficiency across diverse applications

The new products are designed to provide warnings to both road users and construction workers, helping to reduce the likelihood of accidents

Ness Ziona, Israel, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator 3D perception systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), entered into a groundbreaking collaboration with Software République, a consortium of global industry leaders, to integrate and test Eye-Net’s vehicle-to-everything (“V2X”) collision avoidance solution. This collaboration represents a significant step toward redefining urban mobility and road safety across Europe.

The validation was part of Eye-Net’s collaboration with Software République to deploy its advanced digital services in France

The cooperation, with a renowned supplier of the Indian Ministry of Defense, entails development and integration of Foresight’s 3D perception solution into autonomous drones. The five-year collaboration is projected to generate potential revenue up to $16 million by 2029.

KONEC's customers and partners aim to integrate Foresight's advanced 3D perception solutions into their vehicles and solutions

The agreement aims to integrate advanced 3D perception solutions into the vehicles and solutions of KONEC's customers and partners across a wide range of sectors, including passenger and commercial vehicles, autonomous logistics vehicles, geofenced autonomous vehicles, as well as agriculture and heavy machinery

Initially the parties will collaborate to develop and bring to market advanced 3D perception solutions for Bumhan’s autonomous electric buses, with plans to expand their offerings into semi- and fully autonomous solutions for commercial vehicles

The parties will collaborate to develop and commercialize advanced 
AI-powered parking management solutions to enhance urban parking, making it smarter, more efficient and user-friendly

NESS ZIONA, Israel, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, today reported financial results as of and for the third quarter of 2024. 

The founders of Software République include Dassault Systèmes, Eviden, JC Decaux, Orange, Renault Group, STMicroelectronics and Thales.

Foresight’s new sensor kit portfolio, designed for serial production, empowers developers and manufacturers across diverse sectors, including automated special purpose vehicles, warehouse and logistics automation, drones, unmanned aerial vehicles, aviation, and autonomous vehicle applications.

The parties will collaborate to accelerate development of solutions for semi-autonomous and autonomous vehicles using Foresight’s stereoscopic technology and Tata Elxsi’s integration solutions for marketing in the Indian automotive industry

Following successful POC project completion, the parties will develop and commercialize AI tele-operations solutions for heavy machinery to improve safety in hazardous industrial environments.