NESS ZIONA, Israel–(BUSINESS WIRE)–Foresight Autonomous Holdings Ltd., a leading developer of Advanced Driver Assistance Systems (NASDAQ and TASE: FRSX), announced today that the company has successfully completed a system demonstration performed with Uniti Sweden. The system’s capabilities were demonstrated in Sweden, under a controlled environment and in open road driving.
The parties intend to negotiate a definitive agreement for commercial cooperation whereby Foresight’s multispectral all-weather conditions system will be developed and integrated into Uniti’s electric vehicles as an advanced driver-assistance system (ADAS), as well as the leading sensor system for the future autonomous capabilities of Uniti’s electric cars.
Foresight CEO, Mr. Haim Siboni, said, “We are very excited about the opportunity to team up with Uniti Sweden and provide Foresight’s unique multispectral-all-weather conditions vision-based ADAS system for Uniti’s premium electric vehicles. Both Uniti and Foresight share the same DNA of innovative companies with a strong passion to revolutionize safety and the driving experience for manned and autonomous vehicles. I am confident that this cooperation will be a game changer in the automotive industry.”
Uniti CEO, Lewis Horne, stated, “What Foresight can achieve in all weather and lighting conditions is impressive. Their technology mimics the vision system of humans, while greatly exceeding human vision capabilities and limitations. They are sure to be an important player in the future of autonomous electric cars.”
Uniti Sweden, founded in 2016, is developing a mass market electric city car that brings a new approach to safety and sustainability. The vehicle features autonomous capabilities and boasts an intuitive user experience which includes an electronic steering system, and a full-screen heads-up display. The highly scalable, lightweight construction, ushers in a new era for premium vehicle manufacturing.
Foresight (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of Advanced Driver Assistance Systems (ADAS) based on 3D video analysis, advanced algorithms for image processing and artificial intelligence. The company, through its wholly owned subsidiary, 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 alert drivers to threats that might cause accidents, resulting from traffic violations, driver fatigue or lack of concentration, etc., and to enable highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company estimates that its systems will revolutionize ADAS by providing an automotive grade, cost-effective platform, and advanced technology.