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Foresight Selected as Finalist for NMW Startup Challenge, the Innovation Platform of the IAA Commercial VehiclesForesight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that the Company has been selected as a finalist in the New Mobility World (NMW) Lab18 Startup Challenge. Foresight has been selected from more than 100 applicants from 29 countries, as one of four of the most promising mobility startups to reach the final round. The NMW Lab18 Startup Challenge will take place in September at the IAA Commercial Vehicles in Hanover, Germany - the world's leading trade show for mobility, transport and logistics. The NMW interdisciplinary platform is directed toward innovators in the transport and mobility sector and brings together the most important players from all sectors which develop new solutions, technologies or products for the mobility of tomorrow. "It is a great honor to make the finals list at this year's NMW Lab18 Startup Challenge," said Haim Siboni, CEO of Foresight. "This achievement recognizes that Foresight's breakthrough QuadSight™ system has an important role in shaping the future of the automotive industry. We believe that there is a perfect fit between Foresight's technological solutions and the specific needs of the semi and fully autonomous vehicles markets." Foresight regards QuadSight™ as the industry's most accurate quad-camera vision system, offering exceptional obstacle detection for semi-autonomous and autonomous vehicle safety. Using proven, highly advanced image-processing algorithms, QuadSight™ uses four-camera technology that combines two pairs of stereoscopic infrared and daylight cameras. QuadSight™ is designed toachieve near-100% obstacle detection with near-zero false alerts under any weather or lighting conditions - including complete darkness, rain, haze, fog and glare. Follow the link for more information on the NMW Lab 18 Startup Challenge.
About Foresight
Forward Looking Statements 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 registration statement on Form 20-F filed with the Securities and Exchange Commission ("SEC (News - Alert)") on June 1, 2017, 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.
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