Benzinga | Mar 1, 2021 08:13AM EST

Foresight Highlights Completion Of Controlled Trial By Eye-Net Subsidiary; The Eye-Net Protect System Demonstrated 95.54% Success Rate In All Tested Scenarios

The trial is part of a pilot project with the intelligent transport system division of a Japanese vehicle manufacturer for possible integration into a smart city project

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed a controlled trial of its Eye-Net(tm) Protect cellular-based accident prevention solution for the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The trial, supervised by Blue and White Robotics (BWR), was designed to demonstrate Eye-Net's advanced capabilities of protecting vehicles from oncoming collisions. The trial was streamed in real time from the test ground in Israel to the Japanese vehicle manufacturer. The trial is part of a pilot project with the vehicle manufacturer for possible integration into the vehicle manufacturer's smart city project, as reported by the Company in January 2021.

The Eye-Net Protect system was tested in several predefined accident-simulated scenarios at various speeds to test the system for repeatability, detection accuracy and alert timing. The scenarios included vehicles that had no direct line of sight. In all cases, the participants in the trial used the Eye-Net Protect application installed on their smartphones and in-vehicle infotainment system.

The Eye-Net Protect system demonstrated a 95.54% success rate in all tested scenarios. All users were alerted on time, approximately 2.4 seconds before reaching the intersection, at around 3 feet or one meter away from the required alert location. A high level of accuracy and consistency was shown as all participating vehicles consistently stopped approximately 10 feet or 3 meters away from the required location in order to prevent oncoming collisions. The Eye-Net Protect system proved its robustness and reliability by operating 100% of the time with zero crashes or errors during the entire trial day.

"The trial day was successful and Eye-Net's system showed impressive capabilities. The system operated without interruption, delivered alerts in real time, and allowed all participants to brake safely before entering the intersection. The system demonstrated repeatability, accuracy and stability. BWR has extensive experience in safety systems for the automotive industry, and we believe that Eye-Net's technology has the ability to save lives and could be integrated as a product in the field of road accident prevention," said Amir Peleg, VP Mobility Solutions at Blue White Robotics.

"Eye-Net successfully completed another controlled trial and met all predefined objectives and key performance indicators, demonstrating Eye-Net Protect's system capabilities. The system configuration used in the trial was almost identical to the production configuration, mimicking real-life situations with almost no safety margins," said Dror Elbaz, COO & Deputy CEO of Eye-Net Mobile. "The test results confirm that the Eye-Net technology and product are ready for commercial deployment and may bring outstanding added value to all road users in general and to the automotive industry in particular."

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.