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Stock impact report

Foresight: Eye-Net Secures Follow-up Order from Leading Japanese Vehicle Manufacturer [Yahoo! Finance]

Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX) 
US:NASDAQ Investor Relations: ir.foresightauto.com
Company Research Source: Yahoo! Finance
Ness Ziona, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly-owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), has received an additional order for a paid development project from a leading global Japanese vehicle manufacturer, following the successful completion of the first two phases of a paid proof-of-concept (POC) project. As reported by the Company on February 28, 2023, the parties engaged in a paid POC project to evaluate the added value and capabilities of Eye-Zone ™ as a software vehicle-to-everything (V2X) communication layer. The successful completion of that phase is a significant milestone, demonstrating the feasibility and potential benefits of Eye-Net's technology for the automotive industry. The parties have decided to proceed to the next phase of the project. In this phase, the vehicle manufacturer will assess the potential of Eye-Zone Show less Read more
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