Benzinga | Jan 13, 2021 08:42AM EST

Foresight's Eye-Net Subsidiary Initiates Pilot Project With A Global Vehicle Manufacturer

The pilot will be conducted with the intelligent transport system division of a Japanese vehicle manufacturer.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems,The pilot will be conducted with the intelligent transport system division of a Japanese vehicle manufacturer.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., will begin a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer to test its Eye-Net(tm) Protect cellular-based V2X (vehicle-to-everything) accident prevention solution. The pilot project will be used to validate and evaluate the software development kit (SDK) configuration of the Eye-Net solution for possible integration into the vehicle manufacturer's smart city project.

This is Eye-Net Mobile's third pilot project in Japan, following the Company's announcements last August about two pilot projects with leading global Japanese technology and electronics companies. Eye-Net Mobile's market penetration strategy advocates concentrating on one geographic region in order to achieve a critical mass of Eye-Net Protect users in a defined area that could potentially increase the chances of preventing road accidents and saving lives.

"This first pilot with a top global vehicle manufacturer opens a new market for Eye-Net Mobile and demonstrates a need in the automotive industry for a readily-available software-based solution that provides real-time pre-collision alerts and enhances the safety of drivers and other vulnerable road users," said Dror Elbaz, COO & Deputy CEO of Eye-Net Mobile.

For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company's LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.