Foresight's Eye-Net completes POC project with a European manufacturer to enhance vehicle safety through V2X technology integration.
Quiver AI Summary
Foresight Autonomous Holdings Ltd. announced that its subsidiary, Eye-Net Mobile Ltd., has completed the first phase of a paid proof-of-concept project with a leading European vehicle manufacturer to test the integration of Eye-Net's vehicle-to-everything (V2X) technology into the manufacturer's vehicles. The project aims to create a system that enhances communication between drivers, vulnerable road users, and surrounding infrastructure to improve safety. During the initial tests, Eye-Net's software was successfully integrated into an Android system, facilitating real-time alerts without performance issues. The next phase will focus on further integration into vehicle displays and customization to meet the manufacturer's needs for potential commercial rollout.
Potential Positives
- Successful completion of the first phase of a proof-of-concept project with a top European vehicle manufacturer validates the performance and compatibility of Eye-Net's V2X technology.
- The integration of Eye-Net's software development kit (SDK) into an Android-based system operated smoothly, indicating reliability and potential for commercial deployment.
- The project aims to enhance safety systems by enabling communication between vehicles and vulnerable road users, which positions Eye-Net as a leader in road safety technology.
Potential Negatives
- Potential over-reliance on the success of the next phase of the POC, which carries inherent risks and uncertainties that could affect future performance and market integration.
- The mention of forward-looking statements emphasizes that actual results may differ materially, indicating a lack of guaranteed success for the technology and project outcomes.
- Dependence on collaboration with a top European vehicle manufacturer could pose risks, as this partnership's stability and success directly impact Foresight's business prospects.
FAQ
What is the Eye-Net technology used for?
Eye-Net technology enhances road safety and situational awareness by enabling vehicle-to-everything (V2X) communication.
Who is collaborating with Eye-Net for the POC project?
A top European vehicle manufacturer is collaborating with Eye-Net for the paid proof-of-concept project.
What are the goals of the proof-of-concept project?
The goal is to validate Eye-Net’s V2X technology compatibility and improve communication between vehicles and vulnerable road users.
What has been successfully integrated in the first phase of the project?
Eye-Net’s software development kit (SDK) has been successfully integrated into an Android-based system without crashes or data loss.
What can we expect in the next phase of the POC?
The next phase will focus on customizing Eye-Net’s technology for specific vehicle manufacturer needs and integrating it into the display system.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
T he POC project aims to integrate Eye-Net’s technology into the safety systems of the vehicle manufacturer’s vehicles, creating a comprehensive ecosystem that connects the vehicle, vulnerable road users, and surrounding infrastructure for enhanced situational awareness
Ness Ziona, Israel, July 07, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that its wholly-owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), has successfully completed the first phase of a paid proof-of-concept (POC) project with a top European vehicle manufacturer, to validate the performance and compatibility of Eye-Net’s vehicle-to-everything (V2X) technology with the manufacturer’s vehicles for potential commercial integration.
The goal of the first phase of the POC was to enable seamless connection between the driver and all nearby road users, including vulnerable road users, and to explore how Eye-Net’s technology can enable communication between the vehicle, vulnerable road users and its surroundings, while enhancing the safety systems in the OEM’s vehicles. Eye-Net’s software development kit (SDK) was successfully integrated into an Android-based system, operating smoothly without crashes or data loss, and sending alerts through the vehicle’s display system. The tests were conducted in scenarios involving vulnerable road users hidden from view or beyond the range of the vehicle’s sensors.
The next phase of the POC will include integration into the vehicle’s display system and will assess how Eye-Net’s technology can be customized to meet the vehicle manufacturer’s specific needs for potential deployment.
About Eye-Net
Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net’s innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles.
For more information about Eye-Net, please visit www.eyenet-mobile.com , or follow the Company’s LinkedIn page, Eye-Net Mobile ; X (formerly 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 advanced three-dimensional (3D) perception and cellular-based applications. Through the Company’s controlled subsidiaries, Foresight Automotive Ltd. and Foresight Changzhou Automotive Ltd., Foresight develops “in-line-of-sight” vision systems.
Foresight’s 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs).
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 the next phase of the POC and the benefits and advantages of Eye-Net’s technology. 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 for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ("SEC") on March 24, 2025, and in any subsequent filings with the SEC. 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 is not responsible for the contents of third-party websites.
Investor Relations Contact:
Miri Segal-Scharia
CEO
MS-IR LLC
[email protected]
917-607-8654
