New York, New York--(Newsfile Corp. - July 13, 2018) - NetworkNewsAudio announces the Audio Press Release (APR) titled "$7 Trillion Annual Market Projected for Autonomous Autos by 2050" featuring Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX).
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A recognized innovator in automotive vision systems and driver assistance technology, Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) has set new standards with its passive sensor system that uses multiple visual light and infrared cameras in stereoscopic technology to interpret surroundings. Mimicking human depth perception, synchronized cameras produce a three-dimensional image that can anticipate possible collisions with other vehicles or objects. Foresight's leading product, QuadSight, achieves near 100 percent obstacle detection with near zero false alerts.
"At Foresight, we believe that a car's vision system should be nothing less than perfect," stated Haim Siboni, CEO of Foresight. "Vision is the foundation of passenger safety, and vision perfection under all weather and lighting conditions is clearly the breakthrough that vehicle makers need to build consumer confidence in order to accelerate autonomous vehicle adoption."
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight's vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention, which are designed to provide real-time information about the vehicle's surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection, while ensuring the lowest rates of false alerts. The company's systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company's website at www.ForesightAuto.com.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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