FRSX Foresight Autonomous Holdings Ltd ADS

Foresight to Participate at CES 2018 in Las Vegas

NESS ZIONA, Israel--(BUSINESS WIRE)--

Foresight Autonomous Holdings Ltd., a leading developer of Advanced Driver Assistance Systems (TASE and NASDAQ: FRSX), announced today that the company will exhibit at the CES 2018 in Las Vegas, NV, January 9-12, 2018.

Foresight will present its unique all-weather-conditions advanced driver assistance demo system at CES Tech East, where the latest innovations in vehicle technology will be unveiled. Exhibiting companies include Toyota, Honda, Ford Motor, and more.

The system is comprised of four multispectral cameras (infra-red and visible light) and is designed to allow seamless operation, sensor fusion and obstacle detection under all weather and lightning conditions such as complete darkness, rain, fog, glare, haze and other harsh environmental conditions.

Currently, the company is unaware of any other commercially available systems with these capabilities.

CES showcases more than 3,900 exhibiting companies, including manufacturers, developers and suppliers of consumer technology hardware, content, technology delivery systems and more. CES attracts more than 170,000 attendees from 150 countries.

Mr. Haim Siboni, CEO of Foresight, commented, “Foresight is excited to showcase its innovative technology and capabilities at CES. Foresight continues to work according to its R&D plans and meets all the goals and timetables for the development of its products. The company recently signed a pilot agreement with a leading Chinese car manufacturer and is negotiating commercial cooperation."

About Foresight

Foresight (TASE and NASDAQ: 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.

EN
10/08/2017

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