NEW YORK, Aug. 24, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- NetworkNewsAudio announces the Audio Press Release (APR) titled “Conversations Between Cars and Their Environment Complement Sensor Systems for a Safer Self-Driving Future,” featuring Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX).
To hear the NetworkNewsAudio version, visit: http://nnw.fm/IoLp9
To read the full editorial, visit: http://nnw.fm/yYZz0
Self-driving technology is no longer a science fiction vision of the future. Not only are motor companies years into trials of automated vehicles, but some of the technology used in that testing is already on the roads. The key to unlocking this futuristic potential is vehicle-to-everything (V2X) communication technology, now under development by companies such as Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX). The most immediate use of V2X systems such as Foresight’s Eye-Net comes in providing a car with more information about its surrounding environment. No longer reliant just upon its own sensors, the vehicle can detect hidden hazards, obstacles outside the reach of its own sensors, and upcoming issues hidden around corners and junctions. By doing so, V2X systems offer a complementary layer of protection beyond traditional advanced driver assistance systems and extend protection to road users who are not in direct line of sight.
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 and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are 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. For more information, visit the company’s website at www.ForesightAuto.com.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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