Foresight Autonomous Holdings Ltd. announced the signing of a paid proof of concept (POC) project with the Chinese subsidiary of one of the world's leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment. Foresight was selected over other three-dimensional (3D) perception vision solutions due to its accurate and high- resolution point cloud and all object detection capabilities in harsh weather, environment and lighting conditions. A successful POC project may lead to the integration of Foresight's technology into the industrial equipment manufacturer's construction and mining trucks.

The industrial equipment manufacturer will evaluate Foresight's technology to add 360deg 3D perception capabilities to its mining and construction trucks, offering an alternative to its existing LiDAR sensors. Foresight's QuadSight vision solution uses both visible-light and thermal cameras to deliver a comprehensive vision system capable of addressing the driving challenges in construction and mining settings. These challenges include off-road navigation, detection of non- classified objects in dusty surroundings and enabling safe driving in pitch-dark conditions.

In addition, the industrial equipment manufacturer will evaluate Foreight's DynamiCal(TM) automatic calibration solution to enable continuous calibration of the cameras while its trucks encounter intense vibrations to ensure an accurate 3D image of the environment.