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Foresight Increases Stake in Rail Vision Following Successful Trial in Europe

FORESIGHT AUTONOMOUS HOLDINGS LTD AMERICAN DEPOSI (FRSX)  More Company Research Source: Business Wire
US:NASDAQ Investor Relations: ir.foresightauto.com
PDF NESS ZIONA, Israel--(BUSINESS WIRE)-- Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision systems, announced today that it has increased its stake in Rail Vision Ltd. by exercising warrants into 11,486 of Rail Vision’s ordinary shares for an aggregate of $2.24 million. Following the exercise, Foresight holds 32.62% of the issued and outstanding share capital of Rail Vision and 35.73% on a fully diluted basis. Rail Vision is a developer of unique solutions and vision-based systems for advanced safety, asset and fleet management in the rail industry. In December 2017, Rail Vision completed a successful trial of its unique vision-based system with a leading European railway company. The trial was conducted under harsh winter weather and light conditions, both at day and night, and demonstrated the system's real-time capabilities to detect and classify railway obstac [Read more]

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