Foresight Autonomous - FRSX

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Munnybunny
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Foresight Autonomous - FRSX

Bericht door Munnybunny »

Ik denk dat deze gaat uitbreken. Gisteren het even aangekeken als die even naar 0,955 ging (sup op 0,946) waarna die weer steeg. Volume was zwak.

In deze shareholders letter van de CEO staat het hele plaatje in het lang en kort samengevat.

Foresight Autonomous Holdings: Letter to Shareholders
August 25, 2020 07:40 AM Eastern Daylight Time
NESS ZIONA, Israel--(BUSINESS WIRE)--

Dear Shareholders,

The current economic environment poses unexpected challenges to businesses in every industry and in every region throughout the world. In spite of this uncertainty, I am pleased to report that Foresight’s future is more promising than it has ever been. I strongly believe that our recent developments, reported in our second quarter 2020 earnings report, have laid out an infrastructure to succeed in both the short- and long-term.

Our reported milestone of signing an agreement with FLIR Systems, the world’s leading manufacturer of thermal imaging cameras and imaging sensors, serves as a solid endorsement of our advanced technology and the added value that we can offer. FLIR Systems represents an ideal partner for Foresight. By integrating FLIR’s infrared cameras into our QuadSight® vision system, we increase the performance of our already-groundbreaking four-camera solution. Our collaboration with FLIR enables us to leverage their extensive sales and marketing resources, building off of FLIR’s sterling reputation, and introducing our products to new audiences and sales regions. We are thrilled to have established this mutually beneficial strategic cooperation, and I am confident that this collaboration will lead to new opportunities and achievements for Foresight.

We have reached a significant milestone in our business roadmap and collaboration with our partner Elbit Systems Ltd. We will be entering a product development phase that includes customization of our unique vision system for potential end customers, allowing us to expand our presence in the defense market.

To date, we have sold prototypes of the QuadSight vision system, Foresight’s flagship product, to ten customers, and twelve evaluation kits have been ordered by global companies. Foresight’s customers include, among others, original equipment manufacturers spanning key industry segments and regions: a European Tier One supplier of commercial vehicles; a multi-billion-dollar Japanese vehicle manufacturer and a Chinese Tier One automotive supplier. These prototype sales came as a result of the technological demonstrations which we have been conducting throughout the world during the past several quarters. While the current business environment does not allow us to continue in-person demonstrations, our sales and marketing efforts have continued unabated. Our team demonstrated agility in transitioning to online demonstrations, which we have supplemented by sending demo kits to potential customers. These virtual sales efforts enable our team to reach more prospective clients than ever before, and we are very pleased with the feedback we have received from these online demonstrations.

The COVID-19 pandemic has also caused us to consider ways in which our business can help society overcome the crisis. Because our products make use of sophisticated thermal cameras and advanced machine learning algorithms, we felt that we were well positioned to create a mass screening solution for COVID-19 symptoms. A mass screening solution is essential to allow the world to safely return to events and services with large population flows, including concerts, sporting events, and public transportation. Our prototype solution, for which we submitted a U.S. patent application during the second quarter, is designed to identify up to six symptoms of COVID-19, enabling rapid and accurate detection of potential cases. We already launched a pilot project with one of Israel’s largest health maintenance organizations, and we are also fielding inquiries from airports, concert halls, and other highly populated spaces for which this service will be a priority.

The first half of 2020 has also seen notable achievements for Eye-Net Mobile, Foresight’s wholly-owned subsidiary, and Rail Vision, Foresight’s affiliate. (Foresight owns approximately 24% of Rail Vision’s outstanding share capital.) During the second quarter, Eye-Net Mobile announced two significant technological developments to its Eye-Net Protect accident prevention solution: Automatic Emergency Call, which automatically sends the phone’s location to a third party in the event of an accident; and Bike Ahead Notification, which enables automatic real-time informative notifications about cyclists and motorcyclists who are up ahead, even when they are out of the driver’s field of vision. In April, Rail Vision announced an order of a prototype of its shunting yard system from a leading European train operator. This first commercial order, valued at approximately 500,000 Euro, holds considerable promise for Rail Vision, as successful testing could result in the purchase of an additional 30 shunting yard systems.

Finally, I am pleased to highlight the strength of our balance sheet as evidenced by our second quarter 2020 financial results. Our strong position was bolstered by three recent capital raises, which raised a total of $14.4 million in gross proceeds. These funds will support the company’s operations and general corporate purposes, enabling us to continue our bold and innovative work in developing advanced vision systems for the autonomous and semi-autonomous vehicle markets.

I am grateful for your support as we continue to revolutionize what it means to safely operate a vehicle in the 21st century.

Sincerely,

Haim Siboni
Founder & CEO, Foresight Autonomous Holdings







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Re: Foresight Autonomous - FRSX

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Foresight's subsidiary to begin second pilot project in Japan

Aug. 28, 2020 8:02 AM ET|About: Foresight Autonomous Hold... (FRSX)|By: Khyathi Dalal, SA News Editor

Eye-Net Mobile, wholly owned subsidiary of Foresight Autonomous Holdings (NASDAQ:FRSX) +5.9% PM, will commence a pilot project with a multi-billion-dollar multinational Japanese electronics company to test its Eye-Net Protect cellular-based V2X (vehicle-to-everything) accident prevention solution.

On successful evaluation, the company, which implements advanced dashboard cameras, may proceed to integrate the Eye-Net solution into its dashcams.

The global dashboard camera market size is expected to reach ~$7.5B by 2027, as per Grand View Research data. In 2019, ~36.1M dashcams were sold, out of which 10M+ were advanced dashcams.

Earlier this month, Eye-Net announced a pilot project with a multi-billion-dollar global Japanese technology company to test Eye-Net Mobile's solution.

https://seekingalpha.com/news/3608514-f ... der-letter
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Re: Foresight Autonomous - FRSX

Bericht door Munnybunny »

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced its , Chief Financial Officer, Eli Yoresh, and Vice President of Business Development, Doron Cohadier, will present virtually at the LD Micro 500 Virtual Conference at 12:00 p.m. EDT on Tuesday, September 1, 2020. According to the update, Foresight management will be available for one-on-one virtual meetings on September 1-3, 2020. A live webcast of the presentation will be available to the public under the Events section of Foresight’s Investor Relations website and will be archived for 90 days following the live presentation.

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Re: Foresight Autonomous - FRSX

Bericht door Munnybunny »

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Featured in Virtual Coverage of The LD 500

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both ‘in-line-of-sight’ vision systems and ‘beyond-line-of-sight’ cellular-based applications. The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. For more information, visit the company’s website at www.foresightauto.com.

To view IBN’s virtual coverage of The LD 500, visit https://ibn.fm/TheLD500

Phil
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Re: Foresight Autonomous - FRSX

Bericht door Phil »

Ben gestart met te lezen en begrijpen wat ze doen. Nog niet op het einde maar mijn interesse is gewekt ....
" The word crisis in Chinese is composed of two characters: the first, the symbool of danger .... the second, of opportunity"

Phil
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Re: Foresight Autonomous - FRSX

Bericht door Phil »

Interessante start up dat met hun detectiesysteemtechnologie een rol kan spelen in de evolutie naar zelf rijdende autosystemen (ADAS). Initieel waren re gericht op spoorwegverkeer maar hebben geleidelijk hun toepassingen uitgebreid naar andere sectoren (auto, defensie,….).

Hun activiteit via Railvision staat het verst.
Duitse Knorr-Bremse, wereldwijd marktleider op het gebied van remsystemen voor railvoertuigen en bedrijfswagens, heeft een participatie van 21% genomen ( $10 miljoen) in RailVision. RailVision levert een detectietechnologie op basis van infrarood en video die toelaat op 2km afstand in alle weeromstandigheden obstakels (mensen, obstakels) te identificeren. Deze technologie is trouwens cruciaal bij ontwikkeling van de zelf rijdende voertuigen/treinen. Het eerste kleine Europese order (Zwitserland?) is ook een feit. De waarde van het contract kan oplopen tot 6M euro.
( zie: https://ir.foresightauto.com/wp-content ... _FINAL.pdf)

De andere participatie van Foresight holding "Eye-Net Mobile" (100%) heeft ook een eerste pilot dat tot een commerciële samenwerking kan leiden. Las in een van de artikels dat ook Samsung en Qualcomm ventures mee investeert.
https://ir.foresightauto.com/wp-content ... -FINAL.pdf

Andere belangrijke technologische milestones in 2020

- Patentaanvraag in de US voor hun technologie als screeningssysteem voor identificeren van 6 verschillende COVID19 symptomen (en dus niet enkel temperatuur). Ze kan gebruikt worden in luchthavens, ziekenhuizen, sportstadia, universiteiten, Shoppingcentra en andere plaatsen waar grote trafiek is van mensen.

- strategische samenwerking met FLIR Systems Inc. ( toonaangevende warmtebeeldcamera’s) die distributie en marketing zullen doen bij hun klanten van Foresights “QuadSight® vision” systeem. https://ir.foresightauto.com/wp-content ... -EN-HE.pdf

- hun partnership met Elbit Systems Ltd. laat hun aanwezigheid in defensie uit te breiden; Voertuigen van het Israëlisch leger hebben testen hun technologische toepassingen. eerste orders zijn ondertussen binnen https://ir.foresightauto.com/wp-content ... -FINAL.pdf

Het blijft een start up, wat maakt dat ze vandaag met rode cijfers werken (3.4M USD verlies eerste halfjaar) met 17.3M USD cash op de rekening als gevolg van 3 kapitaalverhogingen. En het zal zeker niet de laatste zijn.
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" The word crisis in Chinese is composed of two characters: the first, the symbool of danger .... the second, of opportunity"

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Re: Foresight Autonomous - FRSX

Bericht door Munnybunny »

Klopt allemaal Phil, maar wel met heel veel toekomstpotentieel.

Phil
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Re: Foresight Autonomous - FRSX

Bericht door Phil »

Denk dat ik een eerste kleine positie ga nemen
" The word crisis in Chinese is composed of two characters: the first, the symbool of danger .... the second, of opportunity"

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Re: Foresight Autonomous - FRSX

Bericht door Apocalypske »

https://www.businesswire.com/news/home/ ... 005431/en/
Toch wel interessante ontwikkelingen hoop ik.
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Re: Foresight Autonomous - FRSX

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Foresight: Rail Vision Signs Commercial Agreement with Knorr-Bremse Affiliate to Supply Shunting Yard Systems to Leading European Train Operator

Knorr-Bremse will act as an integrator to supply Rail Vision’s shunting yard systems for a potential of 2.8 million Euro

September 04, 2020
NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd., has signed a commercial agreement with an affiliate of Knorr-Bremse AG (Frankfurt: KBX), a $17 billion European-based group, to supply Rail Vision’s Assisted Remote Shunting (ARS) systems to a leading European train operator. Foresight owns approx. 24% of Rail Vision’s outstanding share capital.

As announced by the Company on April 27, 2020, Rail Vision received an initial order from the European train operator for an ARS prototype system to be installed on locomotives in switchyards and to execute an Operational Functional Test (OFT) for a total value of approximately 500,000 Euro. Rail Vision has indicated that the prototype system will be delivered in October 2020. Following delivery of a fully functional prototype system, and upon terms set forth in the agreement, the European train operator may place an order for 30 Rail Vision’s ARS systems, for a total value of up to 2.8 million Euro. In addition, the European train operator may choose to exercise its option to purchase an additional 45 ARS systems for a total value of approximately 3.5 million Euro.

Rail Vision’s unique ARS system designed to be installed on locomotives in switchyards monitors the shunting yard for any obstacle and enables railway operators to safeguard and streamline their shunting operations, such as performing checks and maintenance for railcars and locomotives. Combining advanced vision sensors with deep learning technologies, the ARS system automatically detects and classifies objects within a 200-meter range at all times of day and in all weather conditions. Additionally, the solution delivers visual warnings to operators or drivers based on customer needs to ensure a safe and secure environment, while also improving operational efficiency. Moreover, since Rail Vision’s solution enables controlling locomotives remotely, the number of staff required for coupling the locomotive to the railcars is reduced, thus significantly cutting down operating costs.

Rail Vision is a leading provider of cutting-edge cognitive vision sensor technology and safety systems for the railway industry. Rail Vision’s solutions offer detection and classification of objects or obstacles (e.g. humans, vehicles, and signals), rail path recognition (i.e. switch state detection), distance measurement and opportunity infrastructure condition monitoring.

About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development, and commercialization of sensor systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients’ movement.

The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.


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