Foresight Enters into Agreement with BuilderX Robotics to Enhance Autonomous Heavy Machinery Operations
2024年7月10日 - 9:10PM
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX)
(“Foresight” or the “Company”), an innovator in automotive vision
systems, announced today the signing of an agreement for a proof of
concept (POC) project with BuilderX Robotics (“BuilderX”), a
Chinese developer of remote-controlled devices for heavy machinery,
designed primarily for operation in hazardous industrial
environments.
BuilderX's products enable real-time remote
operation and monitoring of heavy machinery through control
consoles, utilizing multiple cameras mounted on the heavy
machinery. The POC project will focus on assessing Foresight’s
QuadSight® 3D perception capabilities, using both visible-light and
thermal cameras, to potentially enhance the operational safety,
vision accuracy and efficiency of BuilderX’s machinery, which
usually operate under harsh environmental conditions.
The POC project aims to address key challenges
in diverse industrial settings. These challenges include the
presence of hazardous gases that can be toxic, severe dust
conditions that pose significant health risks to human operators,
and poor visibility conditions caused by intensive dust, glare, or
insufficient lighting that can impair operator vision and increase
the risk of accidents. By incorporating Foresight's high-resolution
point cloud technology and automatic calibration features, BuilderX
can potentially enhance the accuracy of its perception systems.
This integration could potentially improve the safety of remote
operations and increase efficiency by enabling continuous operation
in hazardous environments. A successful project completion could
possibly lead to the integration of Foresight’s technology into
BuilderX’s existing heavy machinery fleet.
About BuilderX
Robotics
BuilderX Robotics, a technology company
specializing in remote-controlled devices for construction
equipment, was founded with the mission of transforming challenging
work sites into safe and comfortable places. It seeks to utilize
information and communication technology (ICT) solutions and AI to
achieve practical and easy-to-use remote control and, as a leading
industry player in China, BuilderX Robotics has already installed
more than 100 control consoles at mines, ports, and other sites.For
more information about BuilderX Robotics, visit
https://www.builderxrobotics.com/
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 aims of the POC project, the prospective benefits of the
capabilities of QuadSight® and the potential improvement to
BuilderX as a result of the integration of QuadSight® into
BuilderX’s machinery, and that successful project completion could
possibly lead to the integration of its technology into BuilderX’s
existing heavy machinery fleet. 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 for the fiscal
year ended December 31, 2023 filed with the Securities and Exchange
Commission ("SEC") on March 27, 2024, 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 CEOMS-IR LLC msegal@ms-ir.com917-607-8654
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