UAS Drone (USDR)

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$usdr Proof why Elbit will get many orders see similar deals focus on Elbit deal and billion dollar order noticed Elbit took care of everthing sales, Marketing...

Foresight Signs First Commercial Agreement with Elbit Systems
The leading Israeli defense company will also receive exclusive marketing rights to Foresight’s proprietary image processing software for the defense, paramilitary and homeland security markets.

June 19, 2019 03:55 AM Eastern Daylight Time
NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today the signing of a commercial agreement with Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (Nasdaq and TASE: ESLT), for exclusive marketing of its proprietary image processing software for the defense, paramilitary and homeland security markets. Elbit, a $6.7-billion leading defense electronics company based in Israel, intends to integrate Foresight’s image processing software into its products, systems and solutions, and to market it globally. The software will be implemented in wheeled military and security ground vehicles, including unmanned vehicles.

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Foresight Receives Order from Leading Multi-Billion Dollar Global Chinese Technology Company
The technology company purchased two QuadSight® prototype systems for its automotive solutions business unit

July 27, 2020 08:00 AM Eastern Daylight Time
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.

“We believe that successful evaluation of the prototype systems may lead to future activities with the leading global technology company, allowing us to expand our presence in the Chinese market and pursue new opportunities

Foresight give exclusive right .. Similar

"Foresight Signs First Commercial Agreement with Elbit Systems
The leading Israeli defense company will also receive exclusive marketing rights to Foresight’s proprietary image processing software for the defense, paramilitary and homeland security markets.

June 19, 2019 03:55 AM Eastern Daylight Time
NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today the signing of a commercial agreement with Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (Nasdaq and TASE: ESLT), for exclusive marketing of its proprietary image processing software for the defense, paramilitary and homeland security markets. Elbit, a $6.7-billion leading defense electronics company based in Israel, intends to integrate Foresight’s image processing software into its products, systems and solutions, and to market it globally. The software will be implemented in wheeled military and security ground vehicles, including unmanned vehicles.

This commercial agreement follows a successful evaluation of the QuadSight™ four-camera vision system prototype purchased by Elbit, as reported by Foresight on March 4, 2019. Elbit thoroughly tested the QuadSight system in comparison with other solutions and chose it for its outstanding performance. The system was evaluated over a period of two months in both controlled and uncontrolled environments, including testing in off-road driving conditions.

According to the agreement, Foresight will sell the current version of its proprietary image processing software in the form of a software license to both Elbit and Elbit’s customers for several thousand U.S. dollars per license. Foresight will also provide support and maintenance services to Elbit for an additional fee. Furthermore, Foresight expects to receive a more substantial consideration in return for future development agreements in order to accommodate changes to its current software version, as required by Elbit or Elbit’s customers, on a case-by-case basis.

Elbit will have exclusive rights to market and sell Foresight’s image processing software in Israel for a period of several years. In order to maintain exclusive rights in Israel, Elbit committed to issue minimum annual orders for the exclusivity period, with an initial purchase order in the amount of approximately $50,000 due after the execution of the agreement.

Elbit will also have exclusive rights to distribute Foresight’s image processing software globally for an initial period, as determined in the agreement. The global exclusivity excludes several customers within the defense industry who are already engaged in commercial activity with Foresight. The exclusivity rights, both in Israel and globally, may be extended based on sales achievements.

https://www.businesswire.com/news/home/20190619005258/en/Foresight-Signs-First-Commercial-Agreement-with-Elbit-Systems


ELBIT IS VERY SUCCESSFUL AT GETTING THE JOB DONE.


https://www.businesswire.com/news/home/20200727005328/en/Foresight-Receives-Order-from-Leading-Multi-Billion-Dollar-Global-Chinese-Technology-Company

A-Team!