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Foresight Begins Proof of Concept Project with a Leading Chinese Vehicle Manufacturer

About Foresight

Foresight Autonomous Holdings Ltd.
(Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral
vision software solutions and cellular-based applications. Through the
Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net
Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and
“beyond-line-of-sight” accident-prevention solutions.

Foresight’s vision solutions include
modules of automatic calibration, sensor fusion and dense 3D point cloud that
can be applied to diverse markets such as automotive, defense, autonomous
vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based
solution suite provides real-time pre-collision alerts to enhance road safety
and situational awareness for all road users in the urban mobility environment
by incorporating cutting-edge AI technology and advanced analytics.

 

For more information about Foresight
and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn.

Forward-Looking
Statements

This
press release contains forward-looking statements within the meaning of the
“safe harbor” provisions of the Private Securities Litigation Reform
Act of 1995 and other Federal securities laws. Words such as
“expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,”
“estimates” and similar expressions or variations of such words are
intended to identify forward-looking statements. For example, Foresight is
using forward-looking statements in this press release when it discusses the potential for the Chinese vehicle
manufacturer to consider future cooperation for possible integration into its
semi- and fully autonomous vehicles, the expected timing of the completion of
the project and that it continues its strategy to expand its presence and
become a dominant player in the Asian automotive market.  Because such
statements deal with future events and are based on Foresight’s current
expectations, they are subject to various risks and uncertainties, and actual
results, performance or achievements of Foresight could differ materially from
those described in or implied by the statements in this press release.

The forward-looking statements
contained or implied in this press release are subject to other risks and
uncertainties, including those discussed under the heading “Risk
Factors” in Foresight’s annual report on Form 20-F filed with the
Securities and Exchange Commission (“SEC”) on March 30, 2021, and in
any subsequent filings with the SEC. Except as otherwise required by law,
Foresight undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. References and
links to websites have been provided as a convenience, and the information
contained on such websites is not incorporated by reference into this press
release. Foresight is not responsible for the contents of third-party
websites. 

#Foresight




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