Foresight integrates NVIDIA Jetson Orin platform to enhance autonomous drones' real-time perception, obstacle detection, and energy efficiency.
Quiver AI Summary
Foresight Autonomous Holdings Ltd. announced its integration of NVIDIA Jetson Orin platforms into its advanced 3D perception systems, specifically designed for autonomous drones and unmanned aerial vehicles (UAVs). This collaboration aims to enhance real-time perception, obstacle detection, and energy efficiency across various applications. The NVIDIA Jetson Orin Nano platform is optimized for smaller drones, offering powerful AI performance with low power consumption, while the more robust NVIDIA Jetson AGX Orin can provide substantial processing capabilities for complex environments. Foresight's technology employs both visible light and thermal infrared cameras for comprehensive environmental understanding, proving crucial in challenging conditions for applications like search and rescue and agricultural monitoring.
Potential Positives
- Foresight's integration of the NVIDIA Jetson Orin platform enhances the capabilities of its 3D perception systems, positioning the company at the forefront of technological advancements in autonomous drones and UAVs.
- The collaboration offers significant improvements in energy efficiency and real-time data processing, which are critical for deploying drones in large-scale or remote applications.
- The use of state-of-the-art AI and GPU capabilities from NVIDIA establishes new performance benchmarks for Foresight's products, potentially increasing the company's competitiveness in various industries.
- Foresight's technology expands its market applications, including critical areas such as search and rescue and agriculture monitoring, benefiting various sectors that require advanced environmental perception under challenging conditions.
Potential Negatives
- The reliance on forward-looking statements may indicate uncertainty regarding the actual impact and effectiveness of the NVIDIA Jetson Orin platforms on Foresight's products, raising concerns among investors about future performance.
- The mention of "various risks and uncertainties" associated with the forward-looking statements implies potential challenges that could derail the company's strategic plans, which may negatively affect investor confidence.
- The inclusion of multiple subsidiaries and complex product offerings might create confusion regarding Foresight's core business focus, leading to potential difficulties in communicating its value proposition to investors and stakeholders.
FAQ
What is the NVIDIA Jetson Orin platform?
The NVIDIA Jetson Orin platform is a high-performance computing platform designed for autonomous drones and unmanned aerial vehicles (UAVs).
How does Foresight integrate NVIDIA Jetson Orin?
Foresight integrates NVIDIA Jetson Orin into its perception systems to enhance real-time data processing and obstacle detection capabilities.
What industries benefit from Foresight’s technology?
Foresight’s technology benefits various industries including agriculture, defense, and emergency services through better environmental perception.
What are the advantages of using Jetson Orin in drones?
Jetson Orin offers enhanced AI performance, energy efficiency, and real-time data processing for improved drone capabilities.
What applications can use Foresight's 3D perception systems?
Foresight's 3D perception systems are ideal for search and rescue missions, agriculture monitoring, and operations in challenging environments.
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.
$FRSX Hedge Fund Activity
We have seen 8 institutional investors add shares of $FRSX stock to their portfolio, and 11 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALTSHULER SHAHAM LTD added 982,730 shares (+98273000.0%) to their portfolio in Q4 2024, for an estimated $1,454,440
- AMH EQUITY LTD removed 383,353 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $567,362
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 84,509 shares (+inf%) to their portfolio in Q4 2024, for an estimated $125,073
- QUINN OPPORTUNITY PARTNERS LLC removed 32,000 shares (-60.4%) from their portfolio in Q4 2024, for an estimated $47,360
- SIMPLEX TRADING, LLC added 25,218 shares (+inf%) to their portfolio in Q4 2024, for an estimated $37,322
- WOLVERINE TRADING, LLC added 16,208 shares (+inf%) to their portfolio in Q4 2024, for an estimated $23,987
- TWO SIGMA SECURITIES, LLC added 16,012 shares (+inf%) to their portfolio in Q4 2024, for an estimated $23,697
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Foresight to equip autonomous drones and unmanned aerial vehicles with NVIDIA Jetson Orin platform for enhanced real-time perception, obstacle detection, and energy efficiency across diverse applications
NESS ZIONA, Israel, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), a leading innovator in 3D perception systems, announces the integration of NVIDIA Jetson Orin computing platforms into its cutting-edge perception technologies.
The collaboration leverages NVIDIA Jetson Orin Nano and NVIDIA Jetson AGX Orin platforms to enhance the capabilities of Foresight’s 3D perception systems across various industries, with focus on autonomous drone and unmanned aerial vehicles (UAV).
The NVIDIA Jetson Orin platform provides Foresight’s vision systems with state-of-the-art computing power tailored to the unique requirements of autonomous drones and UAVs. The NVIDIA Jetson Orin Nano is optimized for compact, lightweight drones and UAVs, offering robust artificial intelligence (AI) performance and energy efficiency while minimizing weight and size. These platforms reduce power consumption while maintaining high performance, making them ideal for drones in large-scale or remote-area applications. For higher-performance needs, the NVIDIA Jetson AGX Orin delivers up to 275 trillion operations per second (TOPS), enabling real-time data processing, advanced obstacle detection, and precise terrain mapping in complex and dynamic environments.
By leveraging the advanced AI and graphics processing unit (GPU) capabilities of NVIDIA Jetson platforms, Foresight continues to revolutionize the field of autonomous drones and UAVs, delivering 3D perception solutions that set new benchmarks for performance, efficiency, and adaptability.
Foresight's 3D perception systems, using both visible light and thermal long-wave infrared cameras, enable comprehensive environmental perception across diverse and challenging conditions, including low-light environments, heavy fog, and extreme weather scenarios. The technology offers unparalleled capabilities for applications that demand reliable and precise environmental understanding such as search and rescue missions and agriculture monitoring.
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., 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 vision solutions include modules of automatic calibration and dense three-dimensional (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.
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 benefits and advantages of NVIDIA Jetson Orin platforms, the benefits and advantages of Foresight’s products and technology, particularly with the integration of the NVIDIA Jetson Orin platforms and that this collaboration has significant potential for autonomous drone and UAVs. 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, 2023 filed with the Securities and Exchange Commission ("SEC") on March 27, 2024, 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