Foresight Receives Order of QuadSight Prototype from a Multi-Billion Dollar Japanese Vehicle Manufacturer

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today an additional sale of a prototype of its QuadSight four-camera vision system targeted for the semi-autonomous and autonomous vehicle market. The prototype system was ordered by one of the top global vehicle manufacturers - a multi-billion dollar Japanese company. The Japanese manufacturer requested rapid delivery of the system, indicating an existing market need.

The Japanese vehicle manufacturer participated in live technological demonstrations in Japan at the end of January 2020. The demonstrations consisted of testing the QuadSight system in different predefined scenarios on the customer’s premises. The prototype sale validates the importance of the company’s strategy to perform real-time demonstrations of the QuadSight system, offering potential strategic partners the chance to experience the system in real time and gain a better understanding of its outstanding detection capabilities.

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.

About QuadSight

The QuadSight system was launched in January 2018 at the Consumers Electronics Show in Las Vegas. Foresight regards QuadSight as the industry’s most accurate quad-camera vision system, offering exceptional obstacle detection for semi-autonomous and autonomous vehicle safety. Through sensor fusion, QuadSight leverages reflected light from visible-light cameras with thermal energy captured by long-wave infrared cameras for robust accurate object detection of any shape, form or material, in all weather and lighting conditions - including complete darkness, rain, haze, fog and glare. By adapting field-proven security technology that has been deployed for almost two decades, QuadSight offers autonomous vehicles perception capabilities beyond those of human vision and reduces the likelihood of accidents and injuries.