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Stock impact report

Foresight Receives Two Orders from Elbit Systems Ltd. for Product Development and Customization

Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX) 
US:NASDAQ Investor Relations: ir.foresightauto.com
Company Research Source: Business Wire
The Company will supply a QuadSight® prototype system with enhanced detection capabilities to the leading Israeli defense company NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has received two orders for product development and customization from Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (Nasdaq: ESLT), the leading Israeli defense company. Elbit Systems is Foresight’s first commercial customer. Foresight will supply a QuadSight prototype system with wide-angle field-of-view detection capabilities designed to meet Elbit’s requirements. Revenue from both orders is expected to total tens of thousands of dollars.Elbit placed the orders for product development and customization following thorough testing and evaluation of a QuadSight prototype system. Foresight’s ability to make technological modifications to its system according to customer requirement Show less Read more
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