Foresight Initiates Proof Of Concept Project With Undisclosed Chinese Company

  • Foresight Autonomous Holdings Ltd FRSX has started a proof of concept (POC) project with a Chinese passenger car manufacturer. 
  • The POC project will evaluate the stereoscopic capabilities of Foresight's QuadSight vision system, using both visible-light and thermal infrared channels, to detect and classify obstacles on any road in harsh weather and lighting conditions.
  • Upon completing the project and a satisfactory outcome, the vehicle manufacturer may consider future cooperation for possible integration into its semi- and fully autonomous vehicles. 
  • The project is expected to be completed in Q4 of 2021.
  • The Chinese company will also evaluate Foresight's ability to create a stereo system using two existing mono cameras with overlapping fields of view.
  • Price Action: FRSX shares are trading higher by 4.01% at $3.37 on the last check Wednesday.
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