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Forum - Foresight Autonomous Holdings Ltd. ADR - FRSX   

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From: NetworkNewsWire (Rep: 0)Date: 08/12/2019 15:34
Forum: Foresight Autonomous Holdings Ltd. ADR - Msg #203Thread #674094281 (Rec: 0)
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Successful Large-Scale Trial of Eye-Net Mobile’s Cellular-Based Accident Prevention Solution

Automotive technology innovator Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) this morning announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., completed a successful large-scale trial of its Eye-Net(TM) cellular-based accident prevention solution, meeting all predefined criteria for its success. According to the update, more than 8,500 users from across Israel and abroad participated in the trial that demonstrated the technological proof of concept of the Eye-Net solution. The large-scale trial marked an important milestone for the company as it transitions from technology to product and commercialization. “This complex, first of its kind, large-scale trial was conducted after a development period of two and a half years and approximately 15 man-years. The success of this trial is a major achievement for Eye-Net Mobile,” Foresight CEO Haim Siboni said in the news release. “By successfully predicting collisions beyond line of sight and extending the protection of current systems, Eye-Net proved its ability to prevent accidents and save lives.”

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