Fri 2/22/2019 06:12 ET
S&P 5002774.889.710.35%BANKS444.382.220.50%OIL57.330.370.65%BITCOIN3959.2522.170.56%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Penny Stocks (Foresight Autonomous Holdings Ltd. ADR - FRSX)   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add FRSX
From: NetworkNewsWire (Rep: 0)Date: 07/11/2018 17:48
Forum: Penny Stocks - Msg #1850 - List FRSX msgs Thread #674020679 (Rec: 0)
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Receives Another QuadSight™ Prototype Order

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that a leading global Chinese electric vehicle manufacturer has submitted an order to purchase a prototype of the company’s breakthrough QuadSight™ quad-camera vision system. The manufacturer intends to evaluate the system and its performance with its current electric vehicles for potential integration of QuadSight™ into its future autonomous electric vehicles upon successful testing. QuadSight™ prototype sales enable Foresight to collect important customer feedback and gain a deeper understanding of each customer’s main requirements. The company believes that further evaluation of its technology by potential customers can lead to future collaborations in research and development, integration and commercialization of the system. Revenue from the prototype system sale is anticipated to total tens of thousands of dollars. “With China expected to be the largest market for electric vehicles for at least the next five to seven years, and as analysts at Boston Consulting Group predict that more than five million conventional cars per year could be replaced by fully or semi-autonomous electric vehicles, we feel that our QuadSight™ system is well suited for the evolving Chinese electric vehicle market,” Foresight’s VP of Business Development, Doron Cohadier stated in the news release.

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser NetworkNewsWire: Reward | Watch | IgnoreFRSX: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add FRSX | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999-, Inc.