he agreement consists of two POC projects to evaluate Foresight’s automatic camera calibration and stereo vision enhancement solutions
Ness Ziona, Israel, Aug. 14, 2023 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of an agreement for two proof of concept (POC) projects with a leading global vehicle manufacturer.
The vehicle manufacturer currently uses stereo cameras in its advanced driver assistance systems (ADAS), enabling 3D depth perception and distance analysis. These features can be used, for example, for adaptive cruise control and lane departure warning, ensuring a safer driving experience. The vehicle manufacturer has chosen to evaluate Foresight’s stereo vision solutions to improve safety measures even further.
The purpose of these POC projects is to assess the accuracy of Foresight’s unique automatic calibration capabilities in enhancing 3D depth perception. In addition, the vehicle manufacturer will assess Foresight’s Mono2Stereo™ perception enhancement solution to be used with its existing mono cameras which have different fields of view. Upon successful completion of the projects, the vehicle manufacturer may integrate Foresight’s technology into its passenger vehicles. This integration could lead to improved precision in distance measurement, as well as object detection and classification, ultimately enhancing the overall safety system of the automaker’s vehicles.
“We believe that our collaboration with another leading global vehicle manufacturer validates the importance of Foresight’s technology in the automotive world and could lead to additional opportunities in the automotive sector. This vote of confidence from an important player in the automotive industry reinforces our commitment to develop advanced software-based vision solutions that will be widely implemented and could save lives by redefining road safety,” said Haim Siboni, CEO of Foresight.
