Eye-Net Mobile Successfully Completes Initial Integration with the Assistance of a Leading Israeli Cellular Provider
Foresight’s Cellular-Based V2X Accident Prevention Solution Was Installed on the Cellular Provider’s Data Center
Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems and V2X (vehicle to everything) cellular-based solutions, announced that its wholly owned subsidiary Eye-Net Mobile Ltd. has successfully completed initial integration by installing the Eye-Net™ application’s communication layer on the data center of a leading Israeli cellular provider. Eye-Net™ is a V2X cellular-based accident prevention solution, designed to provide pre-collision alerts in real time to pedestrians and vehicles by using smartphones and relying on existing cellular networks.
“This strategic alliance marks an important milestone in Eye-Net’s roadmap. We expect to expand Eye-Net’s market penetration by extending collaboration with the leading cellular provider in future development milestones.”
The activity with the cellular provider which also included technological know-how and assistance in engineering design may improve Eye-Net’s efficiency, allowing phone subscribers who register for the application service to receive more accurate alerts. Such improvement will be most significant when the Eye-Net™ application will be deployed on a large number of mobile phones.
“We were pleased to have the opportunity to collaborate with a leading Israeli cellular provider,” said Haim Siboni, CEO of Foresight. “This strategic alliance marks an important milestone in Eye-Net’s roadmap. We expect to expand Eye-Net’s market penetration by extending collaboration with the leading cellular provider in future development milestones.”
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the benefit of its products, that it expects to expand Eye-Net’s market penetration by extending collaboration with the leading cellular provider in future development milestones, and when it discusses the merger with Tamda. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.