(via NewsDirect)
The second phase completes the POC project reported by the Company on
The POC project tested the ability of Foresight’s stereoscopic technology to enhance the European vehicle manufacturer’s existing mono camera-based safety systems in terms of detection quality, distance accuracy and robustness without requiring additional sensors and infrastructure, allowing the vehicle manufacturer to take existing safety systems to the next level of autonomy.
“We recognize a market trend among vehicle manufacturers that are looking for solutions to enhance existing sensors. In our case, we are targeting mono camera-based systems that are already integrated into almost every vehicle with level 2 autonomous capabilities. Vehicle manufacturers seem to be very interested in our solution, which enables them to convert their existing mono camera-based systems to stereo, and we believe that it has a significant market penetration potential,” said
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 a joint development project and potential commercialization of Foresight’s technology, the market trend among vehicle manufacturers that are looking for solutions to enhance existing sensors and its technology’s significant market penetration potential. 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 filed with the
About Foresight
Contact Details
Investor Relations Contact:
+1 917-607-8654
msegal@ms-ir.com
Company Website
https://www.foresightauto.com/
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