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Stock impact report

Foresight Receives Order from Leading Multi-Billion Dollar Global Chinese Technology Company

Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX) 
US:NASDAQ Investor Relations: ir.foresightauto.com
Company Research Source: Business Wire
The technology company purchased two QuadSight® prototype systems for its automotive solutions business unit NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today the sale of two prototypes of its QuadSight® four-camera vision system to the automotive solutions business unit of a multi-billion dollar Chinese technology company.Foresight’s advanced technology may allow the automotive solutions business unit to improve its offering for autonomous cars and safety solutions, ranging from advanced driver assistance systems (ADAS) to fully autonomous vehicles, and may lead to future co-development projects.“Information and technology companies want to help vehicle manufacturers produce better cars. Our unique obstacle detection capabilities enable safe uninterrupted driving, regardless of the environmental and weather conditions,” said Haim Siboni, CEO of Foresight. “We believe that succ Show less Read more
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