Foresight’s Technology to be Evaluated by a Leading Japanese Agricultural and Heavy Equipment Manufacturer

The agency’s QuadSight® system Shall be examined To be used in absolutely autonomous tractors

Ness Ziona, Israel –Information Direct– Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive imaginative and prescient methods, introduced right now the sale of a prototype of its QuadSight^® 4-digital camera imaginative and prescient system to A quantity one Japanese producer of agricultural and heavy gear for testing.

The gear producer will look at Foresight’s stereoscopic capabilities To be used in absolutely autonomous tractors as An alternate selection to the main sensors That are presently being evaluated. Using thermal stereo addresses detection challenges That are Launched on by mud and fertilizer particles, harsh climate, photo voltaic glare and full darkness, probably bringing added worth to precision automated agricultural machines.

The curiosity proven by the gear producer signifies a rising want of the enterprise To Search out value-efficient options To enhance productiveness and accuracy of autonomous operations Which might finally Finish in superior crop extreme quality And greater income. A July 2021 market evaluation and forecast by Accuracy Research tasks that the autonomous tractor market, estimated at $1.5 billion in 2020, will attain $7.5 billion by 2028. Primary tendencies On the market embrace the rising adoption of superior farming utilized sciences, growing commercialization of agriculture, and rising acceptance of autonomous utilized sciences. As properly as, auto-steering permits extremely reliable farming, which is Extra probably To enhance the adoption of autonomous tractors and transfer the market forward.

Forward-Wanting Statements

This press launch inagencys forward-looking statements Contained in the which Method of the “protected harbor” proimaginative and prescients of the Private Securities Litigation Reform Act of 1995 and fullly different Federal securities regulations. Phrases Similar to “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and comparable expressions or variations of such words are meant to decide forward-looking statements. For event, Foresight is using forward-looking statements On this press launch when it discusses the examination of Foresight’s stereoscopic capabilities To be used in absolutely autonomous tractors by The japanese agricultural and heavy gear producer, the wants of the agricultural gear enterprise and tendencies On the market. As a Outcome of such statements Deal with future events and are based mostly on Foresight’s current expectations, They’re topic To various risks and uncertainties, and exact end outcomes, efficiency or achievements of Foresight might differ materially from these described in or implied by the statements On this press launch.

Story continues

The forward-looking statements contained or implied On this press launch are topic to fullly different risks and uncertainties, collectively with these talked about beneath the heading “Hazard Elements” in Foresight’s annual report on Type 20-F filed with the Securities and Commerce Fee (“SEC”) on March 30, 2021, and in any subsequent filings with the SEC. Besides as fullly differentwise required by regulation, Foresight beneathtakes no obligation to publicly launch any reimaginative and prescients To these forward-looking statements To mirror events or circumstances after the date hereof or To mirror the prevalence of unanticipated events. References and hyperhyperlinks to webwebsites have been provided as a comfort, and The information contained on such webwebsites Isn’t inagencyd by reference into this press launch. Foresight Isn’t Responsible for the contents of third celebration webwebsites.

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a know-how agency creating smart multi-spectral imaginative and prescient Computer software options and mobile-based mostly purposes. By way of the Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Internet Cellular Ltd., Foresight develops each “in-line-of-sight” imaginative and prescient methods and “past-line-of-sight” accident-prevention options. Foresight’s imaginative and prescient options embrace modules of automated calibration, sensor fusion and dense 3D level cloud That Can be utilized to numerous markets Similar to automotive, protection, autonomous automobiles and heavy inmudrial gear. Eye-Internet Cellular’s mobile-based mostly reply suite provides exact-time pre-collision alerts To reinformationrce road protectedty and situational consciousness for all road clients Inside the metropolis mobility environment by incorporating slicing-edge AI know-how and superior analytics. For more Particulars about Foresight and its wholly owned subsidiary, Foresight Automotive, go to www.foresightauto.com, Adjust to @ForesightAuto1 on Twitter, or be a part of Foresight Automotive on LinkedIn.

Contact Particulars

Investor Relations Contact:

Miri Segal-Scharia, CEO, MS-IR LLC

+1 917-607-8654

[email protected]

Company Internet website

https://www.foresightauto.com/

View supply mannequin on newsdirect.com: https://newsdirect.com/news/foresights-know-how-to-be-evaluated-by-a-main-japanese-agricultural-and-heavy-gear-producer-414646892