Foresight Autonomous Holdings Ltd. announced that Elbit Systems Ltd. will commercially deploy the Company's software solution to a key customer in the defense industry, who will install it in its fully autonomous defense vehicles. This marks the first time Foresight?s innovative 3D image processing software, recognized as a breakthrough technology by Israel?s Ministry of Defense, will be commercially licensed to one of Elbit's end-customers. The Company believes this initial commercial deployment will lead to additional orders of software licenses from the same customer in the near future.

As previously announced on July 17, 2023, Foresight signed an exclusive commercialization agreement with Elbit after demonstrating the outstanding performance of its image processing software solution. Foresight?s solution will be offered to Elbit?s end customers as a component of advanced driver assistance systems (ADAS) for driving safety and for the autonomous platforms of unmanned combat and security ground vehicles for the defense, paramilitary, and homeland security markets.