Foresight Signs Multi-Phase Collaboration Agreement with BuilderX
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
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ir.foresightauto.com
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Source: GlobeNewswire
Following successful POC project completion, the parties will develop and commercialize AI tele-operations solutions for heavy machinery to improve safety in hazardous industrial environments. Ness Ziona, Israel, Sept. 27, 2024 (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 multi-phase collaboration agreement with BuilderX Inc. (“BuilderX”), a Chinese developer of artificial intelligence (AI) tele-operations equipment for heavy machinery, designed primarily for operation in hazardous industrial and mining environments. BuilderX's products enable real-time remote operation and monitoring of heavy machinery through remote controlled consoles, utilizing multiple cameras mounted on the heavy machinery. The collaboration agreement follows the successful completion of a proof-of concept (POC) project reported by the Company on July 10, 2024. The proje
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