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Ness Ziona, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced that its stereoscopic 3D perception systems would likely comply with the strategic initiative of the impending Trump administration’s recent publicly stated commitment to establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.
We believe that the Company's existing 3D perception systems, leveraging a unique combination of visible-light and thermal long-wave infrared stereoscopic cameras, offer superior detection capabilities, making it well-suited for integration as the primary sensor suite in autonomous vehicles. By developing advanced vision technologies that provide precise environmental mapping and object detection, Foresight aims to meet the emerging standards and capitalize on new opportunities created by the impending Trump administration's supportive approach to autonomous vehicle development.
The current federal regulatory framework presents substantial challenges for companies aiming to deploy large-scale fleets of fully autonomous vehicles, particularly those without traditional control interfaces. This new initiative aims to address the existing regulatory hurdles while ensuring public safety and promoting innovation in the rapidly evolving autonomous vehicle sector. The impending Trump administration's expected proactive approach reflects a commitment to creating an environment that supports the advancement and integration of autonomous driving technology within the United States transportation sector.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions.
Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics.