Foresight Signs Strategic Agreement with Leading AI Company to Commercialize Advanced Solutions for Smart Transportation
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
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ir.foresightauto.com
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Source: GlobeNewswire
CDG, a $IB annual revenue corporation, will leverage its expertise to lead the marketing and sales efforts of the intelligent traffic systems in mainland China Ness Ziona, Israel, Sept. 24, 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 a multi-phase strategic cooperation agreement with China Design Group Co. Ltd. (“CDG”) (Shenzhen: 603018), a $1 billion annual revenue Chinese technology company offering smart transportation solutions using IoT, 5G, and AI for urban planning and intelligent systems. CDG will leverage its expertise to lead the marketing and sales efforts of the intelligent traffic systems in mainland China, while Foresight will drive these initiatives in key international territories, focusing on Japan, South Korea, Europe, and the United States. The parties seek to develop and commercialize advanced smart transportation and
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