UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For
the month of: January 2024 (Report No.4)
Commission
file number: 001-38094
FORESIGHT
AUTONOMOUS HOLDINGS LTD.
(Translation
of registrant’s name into English)
7
Golda Meir
Ness
Ziona 7403650 Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
CONTENTS
Attached
hereto and incorporated herein is Foresight Autonomous Holdings Ltd.’s (the “Registrant”) press release issued on January
31, 2024, titled “Foresight: Rail Vision Reveals its Next Generation AI Computer for Railway Safety and Accident Prevention.”
The
first four paragraphs and the paragraph titled “Forward-Looking Statements” contained in Exhibit 99.1 are incorporated by
reference into the Registrant’s Registration Statements on Form F-3 (File No. 333-252334) and Form S-8 (Registration Nos. 333-229716,
333-239474 and 333-268653), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report
is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Foresight
Autonomous Holdings Ltd. |
|
(Registrant) |
|
|
|
Date:
January 31, 2024 |
By: |
/s/
Eli Yoresh |
|
Name:
|
Eli
Yoresh |
|
Title: |
Chief
Financial Officer |
Exhibit
99.1
Foresight:
Rail Vision Reveals its Next Generation AI Computer for Railway Safety and Accident Prevention
The
new development offers high performance and real time artificial intelligence deep learning inference
Ness
Ziona, Israel – January 31, 2024 – Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”),
an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision”)
revealed its next generation artificial intelligence (AI) based computer to be incorporated into its Main Line and Switch Yard systems.
Foresight owns 10.2% of Rail Vision’s outstanding share capital.
This
advanced system represents a major evolution from Rail Vision’s existing AI-based solutions, featuring advanced real-time deep
learning capabilities and compliance with stringent railway standards.
Rail
Vision’s system ensures exceptional performance in obstacle detection and identification, even under challenging weather and visibility
conditions. Its real-time operational capacity in both software and firmware contributes to a new era of responsiveness and efficiency
in railway safety management.
Furthermore,
the system’s design focuses on scalability, ensuring the system remains at the forefront of technological advancements. The integration
of cloud connectivity opens new avenues for data analysis and predictive maintenance, enhancing the overall safety and operational efficiency
of railway networks.
“Rail
Vision’s next-generation AI computer system is a significant milestone in railway safety technology. This innovation embodies our
unwavering commitment to advancing railway security, marrying cutting-edge AI with real-time processing to prevent accidents and save
lives. Our system, technology and cloud connectivity are a transformative leap forward, marking a new chapter in intelligent railway
operations”, said Shahar Hania, Rail Vision’s Chief Executive Officer.
About
Rail Vision Ltd.
Rail
Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed
cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways. The Company has developed
its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail
Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits
and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use
railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary
concept of autonomous trains into a practical reality. For more information, please visit https://www.railvision.io/
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.
For
more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1
on Twitter, or join Foresight Automotive on LinkedIn.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such
words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release
when it discusses the prospective incorporation of Rail Vision’s AI-based computer into its Main Line and Switch Yard systems,
the belief that Rail Vision’s AI computer system is a significant milestone in railway safety technology, and the belief the combination
of Rail Vision’s system, technology, and cloud connectivity is a transformative leap forward, marking a new chapter in intelligent
railway operations. Because such statements deal with future events and are based on Foresight’s current expectations, they are
subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from
those described in or implied by the statements in this press release.
The
forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed
under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission
(“SEC”) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes
no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and
the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for
the contents of third-party websites.
Investor
Relations Contact:
Miri
Segal-Scharia
CEO
MS-IR
LLC
msegal@ms-ir.com
917-607-8654
Foresight Autonomous (NASDAQ:FRSX)
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