Benzinga | Jul 20, 2021 01:59PM EDT

Foresight's Eye-Net Plans Pilot Project With Multinational Japanese Company

* Foresight Autonomous Holdings Ltd's (NASDAQ:FRSX) wholly-owned subsidiary, Eye-Net Mobile Ltd, has joined a pilot project with the IT subsidiary of a multi-billion dollar multinational Japanese company.

* The project will test Eye-Net Protect cellular-based vehicle-to-everything (V2X) accident prevention solution.

* The pilot project will evaluate Eye-Net's solution for possible integration as an application layer into the Japanese company's car-to-everything (C2X) platform to create safer driving environments.

* It will enable the Japanese company to expand its communication capabilities to include more vulnerable road users such as pedestrians, cyclists, and drivers.

* Eye-Net Mobile expects this current pilot project to open up new collaboration opportunities in the cellular-V2X market.

* Price action: FRSX shares are trading higher by 3.92% at $3.43 on the last check Tuesday.