New York, New York--(Newsfile Corp. - July 27, 2018) - NetworkNewsAudio announces the Audio Press Release (APR) titled "Self-Driving and Electric Vehicles Are Combining to Make the Cars of the Future" featuring Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX).
To hear the NetworkNewsAudio version, visit: http://nnw.fm/pS8nP
To read the original editorial, visit: http://nnw.fm/0hKlM
Foresight's growth provides an example of how the market has matured. Founded in 2015, the company designs, develops and commercializes vision sensor systems for assistant driving, semi and fully autonomous vehicles. These systems include sensors, processors and software that allow a vehicle to make sense of that information. As explained in a CNBC article on "What Driving Will Look Like in 2028," these systems serve as the eyes of a self-driving vehicle and will be vital to the automated-driving industry's success. There's enough interest in automated driving not only to support a specialist company such as Foresight but to also see it flourish.
Meanwhile, electric cars are already on the streets in commercial production. Hybrids have become the first choice of environmentally conscious drivers. Charging points are springing up in cities across the world, with specialist apps available to help drivers find charging points. While both sectors are diversifying individually, with specialist services such as these apps and Foresight's passive sensors, they are also growing closer together.
About Foresight
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight's vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle's surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company's systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company's website at www.ForesightAuto.com.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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