Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced it has successfully completed a series of technological demonstrations of its QuadSight vision system in France for four leading vehicle manufacturers (OEMs) and Tier 1 suppliers. These demonstrations follow a successful technological roadshow that was recently carried out in Japan with six additional OEMs and Tier 1 suppliers, several of which have expressed interest in purchasing the QuadSight prototype system for further evaluation.
Foresight’s technological roadshows to potential customers serve to demonstrate the company’s unique product capabilities. The QuadSight system is tested in different predefined and ad hoc customer-defined scenarios on the customer’s premises. To date, the company says the system has successfully achieved 100% obstacle detection in all simulated fog, rain and extreme lighting conditions scenarios.
In addition, Foresight demonstrated specific tools, designed and developed by the company, that allow the customer to extract and analyze relevant data about the detected obstacles. Foresight will be conducting additional technological roadshows in Europe, the United States and the Far East over the next few months.
In the past few months, Foresight successfully installed three QuadSight vision system prototypes, with a fourth to be installed in the coming weeks. The company has worked closely with customers to complete installations and says it has received positive initial customer feedback.
“I am fully confident in the strength of our product and the growth potential of our company,” said Haim Siboni, Foresight’s CEO. “In recent months, we received valuable market information which has enabled us to tailor our product to market needs and requirements. Additionally, we are pursuing strategic sales and distribution relationships which will allow us to deploy our technology and expand on a larger scale.”