Foresight and SoftBank collaborate to enhance V2X collision prevention technology, improving road safety for all users in Japan.
Quiver AI Summary
Foresight Autonomous Holdings Ltd. announced a collaboration with SoftBank Corp. to further validate Eye-Net Mobile Ltd.'s vehicle-to-everything (V2X) collision prediction and prevention technology. This partnership aims to improve road safety and operational efficiency by facilitating real-time location information exchange among road users. Building on successful prior proof-of-concept results, the collaboration will focus on tailoring the technology to meet SoftBank’s specific needs and evaluating its market potential. This initiative underscores both companies' commitment to advancing connected mobility solutions that enhance situational awareness and reduce traffic incidents in Japan and beyond. Eye-Net develops cutting-edge V2X solutions that utilize AI and analytics to provide real-time pre-collision alerts to users.
Potential Positives
- Foresight's collaboration with SoftBank highlights a strategic partnership aimed at enhancing road safety through advanced V2X collision prediction technology, potentially leading to significant market opportunities in Japan and beyond.
- The joint initiative is a continuation of a previously successful proof-of-concept project, indicating strong validation of Eye-Net’s technology and its effectiveness.
- By tailoring the V2X solutions to SoftBank's needs, Foresight demonstrates its adaptability and commitment to customer-specific solutions, which could strengthen its competitive edge in the automotive technology sector.
- This collaboration reinforces Foresight's position as a leader in connected mobility solutions, emphasizing the company's dedication to improving situational awareness and reducing traffic incidents.
Potential Negatives
- Dependence on collaboration with SoftBank may signal a lack of independent validation for Eye-Net's technology, raising concerns about its market readiness.
- Forward-looking statements indicate potential risks and uncertainties, which could negatively impact investor confidence and stock performance.
FAQ
What is the purpose of the collaboration between Foresight and SoftBank?
The collaboration aims to validate Eye-Net’s V2X collision prediction technology to enhance road safety and operational efficiency.
How does Eye-Net's technology enhance road user safety?
Eye-Net's technology provides real-time pre-collision alerts using AI and existing cellular networks to improve situational awareness.
What are the benefits of V2X technology for urban mobility?
V2X technology enables seamless communication among road users, reducing traffic-related incidents and improving overall urban mobility.
Where can I find more information about Eye-Net's solutions?
More information is available on Eye-Net's official website at www.eyenet-mobile.com and its social media channels.
What are forward-looking statements in the press release?
Forward-looking statements are predictions about future events, subject to risks and uncertainties that may affect actual outcomes.
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
Parties are collaborating in a multi-phase plan to assess Eye-Net’s collision prevention V2X technology to protect both vehicles and vulnerable road users
Ness Ziona, Israel, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision solutions, recently announced that its majority-owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), has advanced its strategic collaboration in Japan with SoftBank Corp. (“SoftBank”) to further validate Eye-Net’s vehicle-to-everything (“V2X”) collision prediction and prevention solutions technology. The joint initiative aims to enhance road safety and operational efficiency by enabling seamless, real-time exchange of location information among surrounding road users.
This development represents a continued collaboration based on the positive results of the proof-of-concept project with SoftBank reported previously by the Company. The parties will work together to tailor the solution to SoftBank’s needs and evaluate its potential for introduction into new markets.
The collaboration emphasizes a shared commitment to accelerating the deployment of connected mobility solutions, ultimately contributing to improved situational awareness and reduced traffic-related incidents in Japan and beyond.
A bout 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., Foresight Changzhou 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 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.foresight a uto.com , follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn.
F orward -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 aims of the joint initiative, the parties’ cooperation to tailor the solution to SoftBank’s needs and evaluation of its potential for introduction into new markets and the potential benefit from the collaboration. 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]