Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
All I can say is wow.
Here with FRSX and many others.
Could break $2.00 in the next day or two, moving big in after hours.
Yes indeed.
Amazing move today.
FRSX
Very satisfying day!
Hopefully it carries through tomorrow.
All these day trader types will notice its action today.
Now if the Robinhood crowd starts getting interest, it will be off to the races.
Atta boy!
FRSX
Finally broke thru. Someone has taken a shine to the stock.
News imminent??????
$1.18.....
FRSX
Always seems to be a wall at the ask between $1.10 and $1.15
FRSX...$1.10...in the P/M...Psar flipped to a Bullish Buy position as the "W" pattern sets up here off the Double Bottom in the .85 range...Break/Hold $1.25 for confirmation...$1.90 range is the resistance neckline...Been loading here...in the .80 to $1.25 range...based on EYE-NET MOBILE...
Chart...http://schrts.co/yqHFJPhx
FRSX on the move this pm.
Good morning to all.
FRSX
Love this stock
FRSX
Wasn't expecting over a $1 today...but we might just get there.
FRSX
Thx buddy.
Been on this one for a few months now.
IMO, longer term will be much higher but it's offering opportunities along the way.
FRSX
It'll get there and higher again.
Having said that.
I'm a scale in and scale out guy LOL
Always trading around a core on this one.
Over and over.
Money in the bank my friend.
FRSX
Nice call ... FRSX
To $1.05 or you think a bit more character this time?
Looks like we're setting up for another pop here any day now.
FRSX
Just can't seem to get untracked.
I wrote IR to ask if any update on the Covid 19 testing and if it has been implemented.
Got an innocuous response---as it is a new technology takes time to implement and waiting for feedback.
Did not inspire much confidence.
Google ALERT: InvestorNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Q3 2020 Results http://www.streetinsider.com/Investor+Brand+Network/InvestorNewsBreaks+%E2%80%93+Foresight+Autonomous+Holdings+Ltd.+%28NASDAQ%3A+FRSX%29+%28TASE%3A+FRSX%29+Announces+Q3+2020+Results/17598581.html via @Street_Insider
Their wording makes it sound like it still has not occurred
"Foresight Initiated Pilot Project for COVID-19 Screening Solution: Foresight announced in July that its COVID-19 symptom screening solution, which is designed to detect several notable symptoms of the coronavirus, will be tested in a pilot project with Meuhedet, one of Israel’s largest health maintenance organizations. The pilot will take place in Israel in the city of Ashdod, where Meuhedet’s largest clinic serves approx. 50,000 patients. The screening solution, based on Foresight’s extensive experience with thermal and visible light cameras, is designed to detect high body temperature and signs of fatigue. "
Per Seeking Alpha
Foresight Autonomous (NASDAQ:FRSX): Q3 Non-GAAP EPS of -$0.02; GAAP EPS of -$0.02 beats by $0.06.
Foresight Announces Third Quarter 2020 Financial Results
Thu, November 12, 2020, 4:00 PM EST
Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX), today reported financial results for the third quarter ended September 30, 2020. Foresight ended the third quarter of 2020 with $14.5 million in cash and short-term deposits, GAAP net loss of $11.4 million and non-GAAP net loss for the same period of $10.5 million.
"Foresight continued to demonstrate steady progress in the third quarter, as we established new partnerships with influential players in Europe, Japan and China," commented Haim Siboni, CEO of Foresight. "We are confident that our new relationships with leading companies such as Elbit Systems and FLIR Systems will lead to stable sales growth, as we continue to refine our products and technology based on feedback from our prototype system sales. I am proud of how Foresight has responded to the market situation posed by the COVID-19 pandemic, as we have worked not only to maintain stable business performance, but also to develop a COVID-19 symptom screening solution which leverages our leading thermal and visible-light camera technology."
"The third quarter also saw notable progress for our subsidiary Eye-Net Mobile and our affiliated company Rail Vision," continued Mr. Siboni. "Both companies made impressive strides in new markets, demonstrating the long-term potential of their innovative technologies. Rail Vision has accomplished the first commercial agreement for its shunting yard solution which is currently being evaluated by a major European train operator, while Eye-Net Mobile’s Eye-Net™ Protect solution is undergoing pilot projects with two multi-billion-dollar Japanese companies. We are optimistic that successful evaluation could lead to further collaboration with these impressive partners."
Third Quarter 2020 Financial Results
Research and development (R&D) expenses for the three months ended September 30, 2020 were $2,157,000 compared to $2,547,000 in the three months ended September 30, 2019. The decrease is attributed mainly to a decrease in subcontracted services.
General and administrative (G&A) expenses for the three months ended September 30, 2020 were $918,000 compared to $893,000 in the three months ended September 30, 2019. The increase is attributed mainly to an increase in payroll expenses partially offset by a decrease in professional services.
GAAP net loss for the three months ended September 30, 2020 was $3,980,000, or $0.02 loss per ordinary share, compared to GAAP net loss of $3,931,000, or $0.03 loss per ordinary share, in the three months ended September 30, 2019. The increase is attributed mainly to an increase in equity in net loss of an affiliated company.
Non-GAAP net loss for the three months ended September 30, 2020 was $3,420,000, or $0.02 loss per ordinary share, compared to a non-GAAP net loss of $3,439,000, or $0.01 loss per ordinary share, in the three months ended September 30, 2019. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of stock-based compensation expenses, revaluation of other investments and revaluation of derivative warrant liability.
Balance Sheet Highlights
Cash and cash equivalents and short-term deposits totaled $14.5 million as of September 30, 2020, compared to $13.1 million on September 30, 2019.
Investments in Rail Vision Ltd. totaled $4.7 million as of September 30, 2020, compared to $7.4 million on September 30, 2019. The decrease is attributed mainly to equity in net loss of Rail Vision’s results.
GAAP shareholders’ equity totaled $18.8 million as of September 30, 2020, compared to $16.3 million as of December 31, 2019.
Non-GAAP shareholders’ equity totaled $18.8 million as of September 30, 2020, compared to $16.6 million as of December 31, 2019.
As of
September 30,
As of
December 31,
(thousands of U.S. dollars)
2020
2019
2019
GAAP Results
Shareholders’ equity
$ 18,767
$ 20,307
$ 16,288
Non-GAAP Results
Shareholders' equity
$ 18,767
$ 20,631
$ 16,612
A reconciliation between GAAP shareholders’ equity results and non-GAAP shareholders’ equity results is provided following the financial statements that are part of this release. Non-GAAP results exclude revaluation of other investments.
Recent Corporate Highlights:
Foresight Received Two Product Orders from Elbit Systems Ltd.: In July, Foresight received two orders for product development and customization from Elbit Systems Land Ltd., a subsidiary of the leading Israeli defense company Elbit Systems. According to the agreement, Foresight will supply a QuadSight® prototype system with wide-angle field-of-view detection capabilities to meet Elbit Systems’ specific requirements. The modified prototype enhances the QuadSight system’s ability to detect objects in a wider area of the road ahead.
Foresight Initiated Pilot Project for COVID-19 Screening Solution: Foresight announced in July that its COVID-19 symptom screening solution, which is designed to detect several notable symptoms of the coronavirus, will be tested in a pilot project with Meuhedet, one of Israel’s largest health maintenance organizations. The pilot will take place in Israel in the city of Ashdod, where Meuhedet’s largest clinic serves approx. 50,000 patients. The screening solution, based on Foresight’s extensive experience with thermal and visible light cameras, is designed to detect high body temperature and signs of fatigue.
Foresight Received Order for Two Prototype Systems from Multi-Billion-Dollar Chinese Technology Company: Two QuadSight vision system prototypes were ordered in July by the automotive solutions business unit of a multi-billion-dollar global Chinese technology company. The technology company may use Foresight’s technology to improve its autonomous vehicle and safety solutions, and the prototype sales could result in future collaboration.
Rail Vision Signed Commercial Agreement to Supply Shunting Yard Systems to Leading European Train Operator: Rail Vision, an affiliate of Foresight, announced in September that it signed a commercial agreement with an affiliate of Knorr-Bremse AG, a $17 billion Europe-based group. According to the agreement, Knorr-Bremse will supply Rail Vision’s Assisted Remote Shunting (ARS) systems to a leading European train operator. As first announced in April, Rail Vision received an initial order from a leading European train operator for an ARS prototype system and to execute an Operational Functional Test. According to the terms of the agreement, the train operator may choose to purchase 30 ARS systems, and may then exercise the option to purchase an additional 45 ARS systems.
Eye-Net Mobile Received Patent Approval for Accident Prevention Solution: In late July, Eye-Net Mobile, a wholly-owned subsidiary of Foresight, received a notice of allowance from the U.S. Patent and Trademark Office for its patent application for a "system and method for preventing car accidents and collisions between vehicles and pedestrians." The patented technology refers to Eye-Net Mobile’s accident prevention system, which predicts collisions between vehicles and pedestrians through a dedicated software application on the mobile devices of pedestrians and vehicle users.
Eye-Net Mobile Announced Two Pilot Projects with Global Japanese Technology Companies: In August, Eye-Net Mobile announced two pilot projects for its Eye-Net Protect cellular based V2X (vehicle-to-everything) accident prevention solution. The Eye-Net Protect system will be evaluated by a multi-billion-dollar global Japanese technology company, as well as by a multi-billion-dollar multinational Japanese electronics company. The projects will evaluate the Software Development Kit (SDK) configuration of the Eye-Net Protect solution.
Foresight Completed Development of Commercial Version of Automatic Calibration Software: In September, Foresight announced the completion of a commercial version of its groundbreaking automatic calibration software. Foresight’s software solution ensures stereoscopic sensors remain calibrated regardless of their position on the car. These calibration capabilities are essential to create the accurate stereoscopic 3D perception needed for reliable automotive vision systems. Additionally, Foresight submitted two new patent applications related to multiple-sensor camera systems.
Use of Non-GAAP Financial Results
In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the company’s earnings release contains non-GAAP financial measures of net loss for the period that excludes the effect of stock-based compensation expenses, the revaluation of other investments and revaluation of derivative warrant liability, and non-GAAP financial measures of shareholders’ equity that excludes the effect of derivative warrant liability and the revaluation of other investments. The company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the company’s ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both "in-line-of-sight" vision systems and "beyond-line-of-sight" cellular-based applications. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. . Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients’ movement.
The company's systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the Advanced Driver Assistance Systems (ADAS), the semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses its expected stable sales growth and further collaborations with partners. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2020, and in any subsequent filings with the SEC. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: Foresight’s burn rate, its ability to generate revenue, and its ability to continue as a going concern. Based on the projected cash flows and Foresight’s cash balances as of September 30, 2020, Foresight’s management is of the opinion that as of September 30, 2020, without further fund raising it will not have enough resources to enable it to continue advancing its activities for a period of at least 12 months. As a result, there is substantial doubt about Foresight’s ability to continue as a going concern. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
FORESIGHT AUTONOMOUS HOLDINGS LTD.
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
As of
September 30, 2020
As of
September 30, 2019
As of
December 31, 2019
ASSETS
Current assets:
Cash and cash equivalents
$
9,395
$
5,070
$
4,827
Short Term Deposits
5,142
8,068
5,233
Marketable equity securities
19
36
23
Other receivables
446
773
613
Total current assets
15,002
13,947
10,696
Non-current assets:
ROU Asset
1,127
1,340
1,278
Investment in affiliate company
4,730
7,400
6,729
Fixed assets, net
487
668
631
6,344
9,408
8,638
Total assets
$
21,346
$
23,355
$
19,334
LIABILITIES AND SHAREHOLDERS’
EQUITY
Current liabilities:
Trade payables
$
188
$
675
$
498
Operating Lease Liability
401
413
411
Other accounts payables
1,158
892
1,130
Total current liabilities
1,747
1,980
2,039
Non-current liabilities:
Operating Lease Liability
832
1,068
1,007
-
Total liabilities
2,579
3,048
3,046
Shareholders’ equity:
Common stock of NIS 0 par value;
-
-
-
Additional paid-in capital
79,478
65,330
65,681
Accumulated deficit
(60,753
)
(45,023
)
(49,393
)
Total Foresight autonomous holdings LTD. Shareholders’ equity
18,725
20,307
19,334
Non-Controlling Interest
42
-
-
Total equity
18,767
20,307
16,288
Total liabilities and stockholders’ equity
$
21,346
$
23,355
$
19,334
FORESIGHT AUTONOMOUS HOLDINGS LTD.
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
U.S. dollars in thousands
Nine months ended
September 30,
Three months ended
September 30,
2020
2019
2020
2019
Research and development expenses, net
(6,374)
(7,007)
(2,157)
(2,547)
Marketing and sales
(973)
(1,616)
(307)
(519)
General and administrative expenses
(2,212)
(2,666)
(918)
(893)
Operating loss
(9,559)
(11,289)
(3,382)
(3,959)
Equity in net gain (loss) of an affiliated company
(1,999)
(168)
(655)
(184)
Financing income (expenses), net
198
388
57
212
Net loss
(11,360)
(11,069)
(3,980)
(3,931)
FORESIGHT AUTONOMOUS HOLDINGS LTD.
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
U.S. dollars in thousands
Nine months ended
September 30,
Three months ended
September 30,
2020
2019
2020
2019
Net cash used in operating activities
Loss for the Period
(11,360)
(11,069)
(3,980)
(3,931)
Adjustments to reconcile profit (loss) to net cash used in operating activities:
2,852
2,259
1,249
827
Net cash used in operating activities
(8,508)
(8,810)
(2,731)
(3,104)
Cash Flows from Investing Activities
Changes in short term deposits
91
4,438
1,987
4,212
Proceed from other investments
-
21
-
-
Proceed from sales marketable securities
68
-
-
-
Purchase of fixed assets
(48)
(73)
(39)
(34)
Net cash provided by investing activities
111
4,386
1,948
4,178
Cash flows from Financing Activities:
Issuance of ordinary shares and warrants, net of issuance expenses
12,929
6,521
(153)
-
Net cash provided (used) by financing activities
12,929
6,521
(153)
-
Effect of exchange rate changes on cash and cash equivalents
36
(185)
19
(51)
Increase (decrease) in cash and cash equivalents
4,568
1,912
(917)
1,023
Cash and cash equivalents at the beginning of the period
4,827
3,158
10,312
4,047
Cash and cash equivalents at the end of the period
9,395
5,070
9,395
5,070
FORESIGHT AUTONOMOUS HOLDINGS LTD.
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
U.S. dollars in thousands
Adjustments to reconcile profit (loss) to net cash used in operating activities:
Nine months
ended
September 30,
Three months
ended
September 30,
2020
2019
2020
2019
Share-based payment
910
1,286
560
450
Depreciation
192
193
61
65
Revaluation of derivative warrant liability
-
1
-
(42)
Equity in loss (gain) of an affiliated company
1,999
168
655
184
Revaluation of securities
(64)
(13)
(5)
(5)
Revaluation of other investments
-
324
-
-
exchange rate changes on cash and cash equivalents
(36)
185
(19)
51
Changes in assets and liabilities:
Decrease (increase) in other receivables
167
(302)
(135)
(264)
Increase (decrease) in Trade payables
(310)
331
94
368
Change in operating lease liability
(15)
105
2
30
Increase (decrease) in other accounts payable
9
(19)
36
(10)
Adjustments to reconcile loss to net cash used in operating activities
2,852
2,259
1,249
827
FORESIGHT AUTONOMOUS HOLDINGS LTD.
SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP SHAREHOLDERS' EQUITY
U.S. dollars in thousands
As of
September 30,
2020
As of
September 30,
2019
As of
December 31,
2019
GAAP Shareholders' equity
18,767
20,307
16,288
Revaluation of other investments
--
324
324
Non-GAAP Shareholders' equity
18,767
20,631
16,612
SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS
U.S. dollars in thousands
Nine months ended
September 30
Three months ended
September 30,
2020
2019
2020
2019
GAAP operating loss
(9,559)
(11,289)
(3,382)
(3,959)
Stock-based compensation in research and development
374
442
215
158
Stock-based compensation in sales and marketing
46
152
14
54
Stock-based compensation in general and administrative
490
692
331
238
Non-GAAP operating loss
(8,649)
(10,003)
(2,822)
(3,509)
GAAP Financing income (expenses), net
198
388
57
212
Revaluation of other investments
--
324
--
-
Revaluation of derivative warrant liability expenses
--
1
--
42
Non-GAAP Financing income, net
198
713
57
254
GAAP net loss
(11,360)
(11,069)
(3,980)
(3,931)
Stock-based compensation expenses
910
1,286
560
450
Revaluation of other investments
--
324
--
-
Revaluation of derivative warrant liability
--
1
--
42
Non-GAAP net loss
(10,450)
(9,457)
(3,420)
(3,439)
View source version on businesswire.com: https://www.businesswire.com/news/home/20201112006055/en/
Contacts
Investor Relations Contact:
Miri Segal-Scharia
CEO
MS-IR LLC
msegal@ms-ir.com
917-607-8654
Now that's funny LOL
You can fool some of the people some of the time.... LOL
Being from the south Fl area, I am cognizant of the trouble these storms cause, especially since we had it before we sent it up to you.
Very weird track.
Stay safe and dry.
Yes and thank you for asking.
Luckily I'm about 10-15 mins from the beach or any major body of water.
We were definitely bombarded by some heavy rain and strong wind gusts.
Lots of leaves, a few twigs, overall nothing really. Much better than 2017 when we had a large tree fall here and on a property we own and lost power for almost a week. Luck of the Greekish
Thanks again for your concern. Says a lot about you.
Gregg: Did you avoid getting flooded?
Not focusing on FRSX L2 atm, but I do watch from time to time.
It's actually not that unusual to see.
Took a few more today.
Just a waiting game now imo.
Have a storm hitting here right now. Luckily the eye broke up and now we are experiencing heavy rain, winds and on tornado alert till 1 p.m. EST.
FRSX
sorry, all with the same ASK (not bid)
If you watch the Level II, you will see 8 market makers on the ask side, all with small sizes, all with the same bid, and all that change simultaneously.
They were all at .8829, and they all just changed to .8828.
What are the odds of that happening without collusion?
Solid area to load some here.
Been adding back last few days.
FRSX
Nice pick up
FRSX
To be down on a day like today +1,300 is perplexing.
Probably people switching funds to hot stocks.
Yes, I know, it provides a good entry point for a trade.
So I picked up at $.88
Foresight Autonomous Holdings Ltd. (FRSX): Skating on Thin Ice? We Know the Answer:
...Analysts’ Opinion of FRSX
Many brokerage firms have already submitted their reports for FRSX stocks, with The Benchmark Company repeating the rating for FRSX by listing it as a “Speculative Buy.” The predicted price for FRSX in the upcoming period, according to The Benchmark Company is $16 based on the research report published on March 02nd of the previous year 2018.
https://newsheater.com/2020/11/04/foresight-autonomous-holdings-ltd-frsx-skating-on-thin-ice-we-know-the-answer/
Love the trading it offers.
Solid long term and plenty of trades to be had in between.
Sure, I'd love to see it run a $1 like it did a few months ago, in the pm, on news...but, for now, keep taking what it's giving.
FRSX
Can't figure this stock action. It is so exasperating. A great PR, probably the best of the last series, and cannot hold on to any initial enthusiasm. It's like there is a group trying to keep it below a $1, so that it loses its listing.
See Ya at $2.00-$5.00!!!
Filled Buy 5500 FRSX Limit 0.93 -- -- 07:40:56 11/04/20
Filled Buy 4500 FRSX Limit 0.93 -- -- 07:40:56 11/04/20
HUGE NEWS!!! GREAT "LONG" imo....
YES, I'm IN!!
Loading up on the dip. They've been sending out prototypes up the wazoo, someone has to be signing a contract any time now
competition:
Los Angeles, CA., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Draganfly Inc. (OTCQB:DFLYF) (CSE:DFLY) (FSE: 3U8) ("Draganfly" or the "Company"), an award-winning, industry-leading manufacturer and systems developer is pleased to announce the launch of the Draganfly Vital Intelligence API integration for telehealth applications.
The API enables telehealth applications to access the Vital Intelligence technology which will enable such applications to measure heart rate, respiratory rate and SPO2.
The Vital Intelligence technology supports kiosks, entry systems, hand-held devices, drones, robots and other edge computing scenarios. With a deployment time of as little as a week, API subscribers will be able to rapidly transform their existing applications without significant retooling of their existing solutions.
Draganfly's Vital Intelligence Smart Thermal + Vital Assessment Station and Social Distancing Awareness technology provides a quick, non-invasive (contactless) and anonymous measurement of an elevated body temperature, heart rate, respiratory rate, all from a camera that takes seconds to capture. The platform does not register any personal data of the individual being screened.
The new API integration addresses two major challenges for development teams:
The integrator does not need to work with thermal cameras, signal processing or screening processes. Draganfly's system manages the entire process automatically.
The Web based API is accessible to all common operating systems and development environments.
The Vital Intelligence API integration offers best in class workflows, security and reporting utilizing a pre-built interface that can be white-labelled and directly integrated into any technology stack.
"The API captures our experience about how a system like this can be used. It was designed to allow third party software to gain access to the capabilities of our range of vital signs solutions," said Professor Javaan Chahl, Defense Science and Technology Chair at the University of South Australia and Draganfly's Chief Scientist for the project. "This screening and monitoring technology can now be integrated rapidly in this dynamic environment".
"Our new API integration is a true innovation accelerator for the telehealth industry," said Cameron Chell, CEO of Draganfly. "By enabling our technology via an API integration, telehealth organizations will be able to add an additional layer of testing to their own technology eliminating developer time and increasing product innovation. In addition, the time and cost savings will enable customers to quickly adopt our technology with their existing applications which will extend their ecosystem of customers."
About Draganfly
Draganfly Inc. (CSE:DFLY, OTCQB:DFLYF, FSE: 3U8)) is the creator of quality, cutting-edge software and systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer and technology developer serving the public safety, agriculture, industrial inspections, security, and mapping and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.
For more information on Draganfly, please visit us at www.draganfly.com.
For additional investor information, visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview or https://www.boerse-frankfurt.de/aktie/draganfly-inc.
Media Contact
Arian Hopkins
email: media@draganfly.com
Company Contact
Email: info@draganfly.com
competition:
Los Angeles, CA., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Draganfly Inc. (OTCQB:DFLYF) (CSE:DFLY) (FSE: 3U8) ("Draganfly" or the "Company"), an award-winning, industry-leading manufacturer and systems developer is pleased to announce the launch of the Draganfly Vital Intelligence API integration for telehealth applications.
The API enables telehealth applications to access the Vital Intelligence technology which will enable such applications to measure heart rate, respiratory rate and SPO2.
The Vital Intelligence technology supports kiosks, entry systems, hand-held devices, drones, robots and other edge computing scenarios. With a deployment time of as little as a week, API subscribers will be able to rapidly transform their existing applications without significant retooling of their existing solutions.
Draganfly's Vital Intelligence Smart Thermal + Vital Assessment Station and Social Distancing Awareness technology provides a quick, non-invasive (contactless) and anonymous measurement of an elevated body temperature, heart rate, respiratory rate, all from a camera that takes seconds to capture. The platform does not register any personal data of the individual being screened.
The new API integration addresses two major challenges for development teams:
The integrator does not need to work with thermal cameras, signal processing or screening processes. Draganfly's system manages the entire process automatically.
The Web based API is accessible to all common operating systems and development environments.
The Vital Intelligence API integration offers best in class workflows, security and reporting utilizing a pre-built interface that can be white-labelled and directly integrated into any technology stack.
"The API captures our experience about how a system like this can be used. It was designed to allow third party software to gain access to the capabilities of our range of vital signs solutions," said Professor Javaan Chahl, Defense Science and Technology Chair at the University of South Australia and Draganfly's Chief Scientist for the project. "This screening and monitoring technology can now be integrated rapidly in this dynamic environment".
"Our new API integration is a true innovation accelerator for the telehealth industry," said Cameron Chell, CEO of Draganfly. "By enabling our technology via an API integration, telehealth organizations will be able to add an additional layer of testing to their own technology eliminating developer time and increasing product innovation. In addition, the time and cost savings will enable customers to quickly adopt our technology with their existing applications which will extend their ecosystem of customers."
About Draganfly
Draganfly Inc. (CSE:DFLY, OTCQB:DFLYF, FSE: 3U8)) is the creator of quality, cutting-edge software and systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer and technology developer serving the public safety, agriculture, industrial inspections, security, and mapping and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.
For more information on Draganfly, please visit us at www.draganfly.com.
For additional investor information, visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.otcmarkets.com/stock/DFLYF/overview or https://www.boerse-frankfurt.de/aktie/draganfly-inc.
Media Contact
Arian Hopkins
email: media@draganfly.com
Company Contact
Email: info@draganfly.com
YEAH BUDDY!!!!
YeeeeeeeHaaaaaawwwwww!! Run you dawg RUN!!!
Make that $1.08
FRSX
Wow. All the sudden we're at 1.05-1.06....
Don't see any news BUT hope this keeps going
Followers
|
28
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
744
|
Created
|
09/23/17
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |