Foresight: Eye-Net successfully completes first pilot phase with a top global vehicle manufacturer

Foresight Autonomous Holdings Ltd., an innovator in automotive vision, has announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed the first phase of a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer.

The vehicle manufacturer reviewed the performance of the Eye-Net Protect accident prevention solution and subsequently concluded it is a valid option for the safety traffic system of its smart city project. Following the results of the first phase, the vehicle manufacturer will initiate technical discussions between Eye-Net and the smart city constructor, progressing towards possible integration into its smart city project.

This announcement follows the Company's March 1st, 2021 announcement about Eye-Net's successful completion of a controlled-environment trial, which was part of the same pilot project.

“We are excited to announce the completion of the first phase of our pilot project with the Japanese vehicle manufacturer after successfully meeting the vehicle manufacturer's key performance indicators. We look forward to completing the next steps defined by the vehicle manufacturer and possibly integrating the Eye-Net technology into the Japanese smart city project. This project has the potential to become a critical catalyst for integrating our solution into similar smart city projects around the world,” said Dror Elbaz, COO & Deputy CEO of Eye-Net Mobile.