Foresight Autonomous Holdings FRSX

Foresight Autonomous Holdings Ltd is a technology company engaged in the development of advanced 3D perception systems and cellular based applications. Through its controlled subsidiaries Foresight Automotive Foresight Changzhou and Eye Net Mobile it creates both in line of sight vision solutions and beyond line of sight accident prevention solutions. The company’s 3D perception systems rely on stereoscopic vision technology and include modules for automatic calibration and dense 3D point cloud generation. Eye Net Mobile provides software based V2X collision prevention that uses existing cellular networks to deliver real time alerts to drivers pedestrians cyclists and other road users.

The company generates revenue primarily from the sale of its 3D perception hardware kits such as ScaleCam Vision ScaleCam Thermal and QuadSight as well as from software licences for automatic calibration and 3D point cloud processing. Additional income comes from engineering services including proof of concept projects co development projects and long term production agreements with partners in automotive defence agriculture heavy machinery drones and urban rail sectors. Eye Net Mobile earns revenue from licencing its Eye Net Protect and Eye Net Sense SDKs from paid proof of concept trials and from commercial collaborations with telecom operators smart city providers and vehicle manufacturers.

The company operates through the following segments:

• Foresight Automotive: develops advanced 3D perception systems based on stereoscopic vision technology including ScaleCam Vision ScaleCam Thermal QuadSight automatic calibration solutions and Dragonfly Vision serving automotive defence agriculture heavy machinery drones and urban rail markets.

• Eye Net Mobile: provides cellular based V2X collision prevention solutions including Eye Net Protect and Eye Net Sense that deliver real time pre collision alerts to drivers pedestrians cyclists and other road users using existing smartphone devices and cellular networks.

Foresight Autonomous Holdings competes with large established sensor manufacturers that concentrate on radar and LiDAR technologies for autonomous driving and ADAS markets. The company differentiates itself by offering stereoscopic vision systems that combine visible light and thermal imaging to produce accurate 3D point clouds without active emissions a capability that few rivals possess. In the V2X arena Eye Net Mobile faces competition from vehicle manufacturers telecom operators and Tier One suppliers that are promoting hardware based CV2X solutions but Eye Net Mobile’s software only approach leveraging existing cellular networks gives it a unique advantage and as of the filing date no competitor has achieved full product deployment readiness for a comparable V2X offering.

The company serves a diverse set of customers across multiple industries including automotive manufacturers defence contractors agricultural equipment builders heavy machinery producers drone and UAV firms urban rail operators and technology partners. Specific customers named in the filing include SUNWAY Elbit Systems StreamRail KONEC GINT Big Bang BuilderX Robotics China Design Group Co. Ltd. Tata Elxsi Limited Bumhan Motors Ltd. Zeda Korea Ltd. Audi AG SoftBank Renault Group Orange S. A. and the European Software République consortium.