NESS ZIONA, Israel–(BUSINESS WIRE)-Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, today announced that its wholly-owned subsidiary, Eye-Net Mobile Ltd., was named a finalist in the Best Mobile Innovation for Automotive category in the GSMA’s 2020 Global Mobile (GLOMO) Awards. The prestigious GLOMO Awards recognize pioneering individuals, teams, organizations and partnerships in the connected world. The GLOMO Awards Ceremony will take place at MWC Barcelona on Tuesday, February 25th, 2020.
The Eye-Net™ Protect cellular-based V2X solution was chosen as one of the five leading technologies in the Best Mobile Innovation for Automotive category, alongside global telecommunication companies such as SK Telecom, Tata Communications, ZTE Corporation and KT Corporation.
The GLOMO awards judging panel is comprised of more than 300 leading industry and subject matter experts, analysts, journalists, academics, and, in some cases, mobile operator representatives from across the world.
Eye-Net™ Protect is a revolutionary cellular-based V2X solution that saves lives and reduces the rate of road accidents. Eye-Net™ Protect is designed to provide real-time pre-collision alerts to vulnerable road users (pedestrians, cyclists and scooter drivers) and vehicles by using smartphones and relying on existing cellular networks, requiring no additional hardware. Designed to provide a complementary layer of protection beyond traditional Advanced Driver Assistance Systems, Eye-Net™ Protect extends protection to road users who are not in the direct line of sight and are not covered by other alerting systems and sensors.
“It is a great honor for Eye-Net Mobile to be included among the impressive list of GLOMO Awards finalists,” said Haim Siboni, CEO of Foresight. “This prestigious recognition from the GLOMO Awards validates Eye-Net Mobile’s innovation and important role in developing a life-saving accident prevention solution that will redefine the future of cellular-based V2X communication.”
The GLOMO awards, which will enter its twenty-fifth year at GSMA MWC Barcelona 2020, celebrate key innovations and achievements from both individuals and organizations across the mobile industry. For more information about GSMA and the GLOMO Awards, please visit www.gsma.com
For more information about Eye-Net Mobile, please visit https://www.eyenet-mobile.com or follow the company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.
For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, please visit www.foresightauto.com, follow @ForesightAuto on Twitter, or join Foresight Automotive on LinkedIn, the contents of which are not incorporated into this press release.
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. Through the company’s wholly-owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients’ movement.
The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
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 potential of its products and that it predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced 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 registration statement on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 20, 2019, 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.