Foresight (NASDAQ: FRSX, TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of 3D multi-camera-based Advanced Driver Assistance Systems (“ADAS”).
The company develops advanced systems for accident prevention in the automotive industry. Its systems are designed to provide real-time information about the vehicle surroundings while in motion. These systems, which are based on 3D technology, advanced algorithms and artificial intelligence, will revolutionize ADAS by providing an automotive grade, cost-effective platform, enabling highly accurate and reliable detection while ensuring the lowest rates of false alerts.
Foresight currently owns 32% of Rail Vision, which focuses on the development of a first-of-its-kind system to alert train engineers to obstacles on railway tracks in a timely fashion, in any weather and any lighting conditions, by using designated cameras for object identification. The system is also designated to collect and analyze imperative big data of railways infrastructure and environment while “On-The-Fly” for various uses. Foresight’s ownership of the company will grow to 32% pre-IPO and may reach 48% following full warrants execution.