Followers | 89 |
Posts | 19092 |
Boards Moderated | 4 |
Alias Born | 11/05/2005 |
Thursday, April 15, 2021 3:38:43 PM
Trial with a Top Global Vehicle Manufacturer
The trial is part of a pilot project with the intelligent transport system division of a Japanese vehicle manufacturer for possible integration into a smart city project
Ness Ziona, Israel – March 1st, 2021 - Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed a controlled trial of its Eye-NetTM Protect cellular-based accident prevention solution for the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The trial, supervised by Blue and White Robotics (BWR), was designed to demonstrate Eye-Net’s advanced capabilities of protecting vehicles from oncoming collisions. The trial was streamed in real time from the test ground in Israel to the Japanese vehicle manufacturer. The trial is part of a pilot project with the vehicle manufacturer for possible integration into the vehicle manufacturer’s smart city project, as reported by the Company in January 2021.
The Eye-Net Protect system was tested in several predefined accident-simulated scenarios at various speeds to test the system for repeatability, detection accuracy and alert timing. The scenarios included vehicles that had no direct line of sight. In all cases, the participants in the trial used the Eye-Net Protect application installed on their smartphones and in- vehicle infotainment system.
The Eye-Net Protect system demonstrated a 95.54% success rate in all tested scenarios. All users were alerted on time, approximately 2.4 seconds before reaching the intersection, at around 3 feet or one meter away from the required alert location. A high level of accuracy and consistency was shown as all participating vehicles consistently stopped approximately 10 feet or 3 meters away from the required location in order to prevent oncoming collisions.
The Eye-Net Protect system proved its robustness and reliability by operating 100% of the time with zero crashes or errors during the entire trial day.
“The trial day was successful and Eye-Net’s system showed impressive capabilities. The system operated without interruption, delivered alerts in real time, and allowed all participants to brake safely before entering the intersection. The system demonstrated repeatability, accuracy and stability. BWR has extensive experience in safety systems for the automotive industry, and we believe that Eye-Net’s technology has the ability to save lives and could be integrated as a product in the field of road accident prevention,” said Amir Peleg, VP Mobility Solutions at Blue White Robotics.
“Eye-Net successfully completed another controlled trial and met all predefined objectives and key performance indicators, demonstrating Eye-Net Protect’s system capabilities.
The system configuration used in the trial was almost identical to the production configuration, mimicking real-life situations with almost no safety margins,” said Dror Elbaz, COO & Deputy CEO of Eye-Net Mobile. ”The test results confirm that the Eye-Net technology and product are ready for commercial deployment and may bring outstanding added value to all road users in general and to the automotive industry in particular.”
For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. 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” accident-prevention solutions.
Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting- edge AI technology and advanced analytics.
Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria .. Sir John Templeton
Make your Life a Mission .... NOT an Intermission. † §|PL1|§
Recent FRSX News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 12:59:33 PM
- Foresight Leverages NVIDIA Jetson Orin to Introduce Novel 360-degree 3D Perception Solution • GlobeNewswire Inc. • 05/08/2024 12:06:00 PM
- Foresight Granted Patent Approval in Japan for All-Weather and Lighting Conditions Vision System • GlobeNewswire Inc. • 04/17/2024 12:35:00 PM
- Foresight: Elbit Systems will Deploy Foresight's Breakthrough Technology with Order from Leading Defense Customer • GlobeNewswire Inc. • 04/03/2024 12:05:00 PM
- Foresight: Eye-Net Collaborates with Leading Japanese Insurance Company Aiming to Reduce Accident Rate Through Connected Dashcams • GlobeNewswire Inc. • 04/01/2024 12:20:00 PM
- Foresight: Innovative Vision Technologies in Service of Israel’s Ministry of Defense • GlobeNewswire Inc. • 03/28/2024 12:45:00 PM
- Foresight: Eye-Net and Softbank Corp. Successfully Complete Technology Validation Phase for Connected Mobility Applications in Japan • GlobeNewswire Inc. • 03/22/2024 12:20:00 PM
- Foresight: Eye-Net Secures Follow-up Order from Leading Japanese Vehicle Manufacturer • GlobeNewswire Inc. • 03/19/2024 12:42:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:05:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 12:46:25 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/13/2024 02:11:37 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/05/2024 02:03:41 PM
- Foresight Successfully Completes Project with Prominent Japanese Vehicle Manufacturer • GlobeNewswire Inc. • 02/05/2024 01:30:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/02/2024 05:15:20 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/31/2024 09:05:11 PM
- Foresight: Rail Vision Reveals its Next Generation AI Computer for Railway Safety and Accident Prevention • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 01/26/2024 09:06:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/25/2024 09:11:11 PM
- Foresight: Rail Vision's Main Line System Secures EU Railway Standards Approval and Certifications • GlobeNewswire Inc. • 01/25/2024 02:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/24/2024 09:05:22 PM
- Foresight: Rail Vision Receives Order from Leading US-based Rail Contractor of up to $5 Million • GlobeNewswire Inc. • 01/24/2024 02:26:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/09/2024 09:05:32 PM
- Foresight CEO Letter to Shareholders • GlobeNewswire Inc. • 01/09/2024 01:10:00 PM
- Foresight Collaborates with One of the World’s Largest Electric Vehicle Brands • GlobeNewswire Inc. • 12/29/2023 12:15:00 PM
- Positive Results Drive Foresight Into Commercialization Agreement with Leading Global Defense Company Elbit Systems Securing up to $4 Million in Revenue • GlobeNewswire Inc. • 12/18/2023 01:15:00 PM
FEATURED Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • May 8, 2024 9:05 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • BLOZF • May 7, 2024 8:51 AM