NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Receives Notice of Allowance for First US Patent Application Relating to Core Technology
Apr 1, 2019
Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced its receipt of a notice of allowance for its first patent application, number 16/078,489, for the company’s “running vehicle alerting system and method.” According to the update, the patent combines features of Foresight’s QuadSight automotive vision system with Eye-Net Mobile’s cellular-based V2X accident prevention solution, and it will allow Foresight to use its stereoscopic camera-based object detection capabilities to provide collision alerts through the Eye-Net application in order to reduce the likelihood of accidents and injuries.
“We are very excited about this notice of allowance for patent application, the first of a family of patent applications relating to our core technology,” Foresight CEO Haim Siboni said in the news release. “This important asset strengthens our intellectual property and further validates Foresight’s breakthrough technology, developing advanced vision systems for the automotive industry.”
To view the full press release, visit http://nnw.fm/8kyB1
About Foresight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd., 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 predicts 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
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://nnw.fm/FRSX
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