Foresight Signs Agreement with Chinese Tier One Automotive Supplier
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
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ir.foresightauto.com
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Source: Business Wire
The multi-phase agreement includes the purchase of a QuadSight™ vision system prototype NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today the signing of a multi-phase technological cooperation agreement with a Chinese Tier One supplier to develop smart mobility solutions for the Chinese automotive industry, and specifically for two Chinese vehicle manufacturers (OEMs).According to the agreement, Foresight will collaborate with the Tier One supplier to design, develop and commercialize automatic safety solutions to be implemented in the vehicles of the Chinese OEMs. The Tier One supplier is currently involved in several projects with the Chinese OEMs for integration of autonomous functions. The cooperation agreement may enable Foresight to integrate its QuadSight vision system into these existing projects.The Tier One supplier will purchase a prototype of the QuadSight system fo
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