Foresight Signs AI-Driven Smart Parking Solutions Collaboration Agreement with South Korean 7meerkat and KONEC
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
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Source: GlobeNewswire
The parties will collaborate to develop and commercialize advanced AI-powered parking management solutions to enhance urban parking, making it smarter, more efficient and user-friendly Ness Ziona, Israel, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today the signing of a three-way multi-phase strategic cooperation agreement with 7meerkat Ltd. (“7meerkat”), a South Korean company providing next generation parking and city management systems, and KONEC Ltd. (“KONEC”), a leading South Korean Tier-One automotive supplier. The parties will collaborate to develop and commercialize artificial intelligence (AI)-powered smart parking and city management solutions using Foresight's advanced 3D perception technology. These innovations will include precise AI analysis of vehicle data, automated parking systems, and smart urban mobility enhancements. The solutions
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