AP NEWS

Foresight’s QuadSight™ Makes the Invisible Visible for Drivers in All Weather and Lighting Conditions at CES 2019

December 19, 2018

NESS ZIONA, Israel--(BUSINESS WIRE)--Dec 19, 2018--Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), a CES 2019 Innovation Awards Honoree in the Vehicle Intelligence and Self-Driving Technology category, will showcase a live demonstration, streaming direct from Israel, of its QuadSight™ vision system designed for semi-autonomous and autonomous vehicles. Broadcasting during the evening hours in Israel, Foresight will demonstrate in real time how QuadSight™ detects any obstacle in darkness, fog, rain, and blinding glare. The demonstration will be shown in booth #2206 at CES 2019, January 8–11 at the Westgate Las Vegas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181219005329/en/

Foresight’s flagship product QuadSight™ is a multi-spectral stereoscopic vision system that offers unparalleled obstacle detection capabilities under all weather and lighting conditions, for semi-autonomous and autonomous vehicles. (Photo: Business Wire)

Targeted for the rigorous performance requirements of Level 3, 4 and 5 autonomous vehicles established by the Society of Automotive Engineers, QuadSight™ is designed to achieve all obstacle detection with near-zero false alerts under all weather and lighting conditions. Leveraging decades of field-proven security technology and highly advanced image-processing algorithms, QuadSight™ uniquely enables visibility in complete darkness, snow, rain, fog, sandstorms and blinding glare. Foresight’s quad-camera technology vision system fuses two pairs of long-wave infrared (LWIR) and visible-light stereoscopic cameras to achieve an unprecedented and unmatched performance standard for autonomous vehicle vision.

“In 2018, QuadSight’s remarkable vision capabilities were embraced by both automotive manufacturers and industry observers, as Foresight recorded multiple sales of its QuadSight prototype and received a number of innovation awards,” said Haim Siboni, CEO of Foresight. “CES 2019 will offer an opportunity to demonstrate our ability to provide superior obstacle detection in all weather and lighting conditions.”

QuadSight™ combines both reflective visible-light stereoscopic and emissive thermal stereoscopic vision. While visible-light camera systems utilize the same or sometimes less information than the human eye, LWIR imaging adds another layer of information based not on visible light, but on heat emissions. Essential for safety and reliability, stereoscopic vision technology produces exceptional three-dimensional (3D) images that result in outstanding object detection and accuracy for semi-autonomous and autonomous vehicles.

At CES 2019, QuadSight™ will be demonstrated at Foresight’s booth #2206 at Westgate Las Vegas. The QuadSight™ vision system demonstration will be broadcast live several times per day. Interested parties are encouraged to contact Foresight to schedule a demo. The demonstration will be streamed to Foresight’s booth from a test site in Israel, enabling a real-time, driver’s perspective. For a brief video showing the QuadSight™ vision technology, click here. As a CES 2019 Innovation Awards Honoree, QuadSight™ will be on display at the CES Innovation Awards Showcase at Tech West, The Venetian, Venetian Ballroom E/F. A QuadSight™ prototype will also be on display at the FLIR booth #31166, LVCC South Hall.

The CES Innovation Awards is an annual competition that recognizes two levels of honorees across 28 product categories. A panel of judges, including designers, engineers and members of the tech media, reviews submissions based on design, functionality, consumer appeal, engineering and how the products compare with competition. CES 2019 will showcase more than 4,500 exhibiting companies, including manufacturers, developers and suppliers of consumer technology hardware, content, technology delivery systems and more.

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, please visit  www.foresightauto.com, follow  @ForesightAuto on Twitter, or join Foresight Automotive on  LinkedIn.

About Foresight

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems for the automotive industry based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive grade, cost-effective platform, and advanced technology.

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 potential of its products and future demonstrations of its QuadSight™ vision system. 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 registration statement on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 27, 2018, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites.

QuadSight™ is a trademark of Foresight Autonomous Holdings Ltd.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005329/en/

CONTACT: Investor Relations Contact:

Miri Segal-Scharia

CEO

MS-IR LLC

msegal@ms-ir.com

917-607-8654

Media Contacts:

Rainier Communications

Mary Lynch Cadwallader/Michelle Allard McMahon

foresight@rainierco.com

508-450-2733/781-718-3248

KEYWORD: MIDDLE EAST ISRAEL

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE AUDIO/VIDEO MOBILE/WIRELESS AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Foresight Autonomous Holdings Ltd.

Copyright Business Wire 2018.

PUB: 12/19/2018 07:55 AM/DISC: 12/19/2018 07:55 AM

http://www.businesswire.com/news/home/20181219005329/en

AP RADIO
Update hourly