Foresight Subsidiary Eye-Net Mobile Signs Agreement with Smart City Company NoTraffic Ltd.
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
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Source: Business Wire
The companies will cooperate to commercialize the Eye-Net™ cellular application with NoTraffic’s intelligent traffic management solution in North America. NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., has signed a collaboration agreement with NoTraffic Ltd. NoTraffic developed a novel and proprietary Autonomous Traffic Management Platform solution that solves today’s traffic challenges while unlocking mobility benefits for traffic agencies. The platform enables cities for the first time to intelligently implement their traffic policy in a seamless way and operate autonomously in order to maximize traffic flow, reduce congestion, prioritize different types of vehicles, and prevent accidents.According to the agreement, the companies will collaborate to develop and optimize the technological abilities of Eye-Net Mobile’s c
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