Foresight Autonomous Holdings Ltd. announced that its affiliate, Rail Vision Ltd. ("Rail Vision"), received a $500,000 purchase order for a single MainLine system and related services from a leading Latin American (LATAM) mining company. This MainLine system is expected to be delivered to the new customer during the fourth quarter of 2023. Foresight owns 10.2% of Rail Vision's outstanding share capital.

The MainLine system, designed to overcome the challenges of the modern train industry, supports operators in identifying potential obstacles on the tracks, such as people, rocks, debris, and vehicles, at a distance of up to two kilometers (1.2 miles), even in challenging weather and light conditions, improving the safety of train operations, preventing collisions, and reducing downtime. Rail Vision's products combine sensitive imaging sensors with artificial intelligence and deep learning technologies to detect and classify obstacles on and near the tracks generating real-time visual and acoustic alerts for the driver and the operator's command-and-control center. The LATAM mining company will benefit from Rail Vision's robust MainLine Advance Driver Assistance System (ADAS) which uses high-end electro-optical sensors, machine learning algorithms, and edge computing capabilities to improve the safety of train operations, providing them with accurate and timely information to make informed decisions.

Rail Vision will also provide supervision, guidance, and training services as part of the purchase order. This comprehensive approach ensures that the MainLine system is seamlessly integrated into the customer's existing infrastructure and operations, minimizing disruption and downtime during implementation.