As a result of the successful completion of the POC, the parties will initiate sales efforts with SoftBank's key business partners for commercial validation
As previously announced on
During the POC, Eye-Net’s location services were deployed on SoftBank's multi-access edge computing (MEC) infrastructure. This deployment follows extensive testing in diverse environments, including closed areas as well as open roads. The testing confirmed the system performance and full compatibility with both long-term evolution (LTE) and 5G cellular networks, paving the way for connected mobility applications.
As a result of the successful completion of the POC, the parties will initiate sales efforts with SoftBank's key business partners in order to move forward with the commercial validation of Eye-Net’s solutions for improved collision prevention in the Japanese market.
“We are thrilled that SoftBank has confirmed the successful completion of the technology validation phase and the compatibility of Eye-Net’s technology for both LTE and 5G cellular networks. This milestone marks the beginning of collaborative efforts with SoftBank for commercial validation of Eye-Net’s products in
For more information about Eye-Net, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.
About Foresight
Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles, and heavy industrial equipment. Eye-Net’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics.
For more information about Foresight and its wholly owned subsidiary,
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 the prospective collaboration between SoftBank and its business partners in initiating commercial validation efforts of Eye-Net’s products in
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
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