Authorization

Foresight Signs Exclusive Distribution Agreement in Japan

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator
in automotive vision systems, announced today the signing of a
distribution agreement with Cornes Technologies, a leading Japanese
trading house. According to the agreement, Cornes Technologies will have
exclusive rights to promote and sell Foresighta??s QuadSighta?? system in
Japan. Cornes Technologies, a renowned trading company, plays a
significant role in establishing and developing commercial links and
trade between Japan and the rest of the world.


The distribution agreement was signed following a successful technology
roadshow in Japan carried out by Foresight with the assistance of Cornes
Technologies. The roadshow, completed a few weeks ago, consisted of
conducting real time live demonstrations of the QuadSight system to six
interested leading OEMs and Tier One suppliers. Different scenarios were
tested, simulating obstacle detection in harsh weather and lighting
conditions. The outstanding performance of the QuadSight system was well
received, and several OEMs and Tier One suppliers have expressed
interest in purchasing prototype systems for further evaluation over the
next few months.


"According to OICA (International Organization of Motor Vehicle
Manufacturers), Japan is the worlda??s third largest vehicle manufacturer,
with more than 9.69 million passenger cars and commercial vehicles
produced in 2017, out of 97.3 million units produced globally,a?? stated
Doron Cohadier, Foresighta??s VP of Business Development. "The Japanese
automotive industry is one of the most prominent and innovative
industries in the world, making it a suitable target market for
Foresighta??s breakthrough QuadSight vision system.a??


About QuadSighta??


QuadSight, Foresighta??s four-camera vision system, offers exceptional
obstacle detection for semi-autonomous and autonomous vehicle safety.
Through sensor fusion, QuadSight leverages reflected light from
visible-light cameras with thermal energy captured by long-wave infrared
cameras for robust accurate object detection of any shape, form or
material, in all weather and lighting conditions - including complete
darkness, rain, haze, fog and glare. By adapting field-proven security
technology that has been deployed for almost two decades, QuadSight
offers autonomous vehicles perception capabilities beyond those of human
eyes and reduces the likelihood of accidents and injuries.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июль 2019    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031