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Foresight receives order of QuadSight prototype from American Division of leading South Korean vehicle manufacturer

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Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced an additional sale of a prototype of its QuadSight four-camera vision system targeted for the semi-autonomous and autonomous vehicle market.

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The prototype system was ordered by the American division of a leading South Korean vehicle manufacturer. Revenue from the prototype system sale is expected to total tens of thousands of dollars.

This is the second prototype system sale which resulted from technological demonstrations carried out in the Silicon Valley and Detroit in July 2019, as reported by the Company on July 8, 2019. These sales validate the importance of the company's strategy to perform real-time demonstrations of the QuadSight system to vehicle manufacturers and Tier One suppliers.

The company expects to receive prototype orders from additional potential customers as a result of recent technological demonstrations completed in Japan, France, the United States and Germany. Furthermore, the company intends to expand its technological demonstrations to additional territories in the near future.

By selling additional prototypes, Foresight intends to increase awareness of its unique solutions, address potential customers, and expand its presence with vehicle manufacturers and Tier One automotive suppliers. Foresight believes that closer evaluation of the technology by potential customers may lead to future collaborations in research and development, integration, production and other areas.


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Foresight receives order of QuadSight prototype from American Division of leading South Korean vehicle manufacturer
Modified on Tuesday 12th November 2019
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