NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Increases Ownership in Rail Vision Ltd.

Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) this morning announced that it has increased its ownership in Rail Vision Ltd., making the company the largest shareholder. Foresight raised its ownership stake to roughly 35% of issued and outstanding shares and 34% on a fully diluted basis by exercising $2.24 million of warrants. Rail Vision develops unique solutions and vision-based systems for innovative safety, asset and fleet management in the rail industry. “We believe that, like in the automotive space, the next step is to provide trains with sensors and processing capabilities, to prevent accidents, reduce downtime, and increase productivity. Rail Vision is uniquely positioned to offer these functionalities and provide systems which have the potential to significantly reduce maintenance costs. Rail Vision is a leader in cognitive vision systems that detect objects before a train and make real-time decisions. We strongly believe that Rail Vision’s capabilities will become the standard in this market,” Foresight CEO Haim Siboni stated in the news release.

To view the full press release, visit http://nnw.fm/iv2T2

About Foresight

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com.

More from NetworkNewsBreaks

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Names New Advisory Board Member; Reports Outlook on Recent Industry News NetworkNewsBreaks – PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Issues Update on Sol-gel Program NetworkNewsBreaks – QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) Significantly Expands Land Package; Engages Market Maker

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

UK Labour leader aims to shift focus from Brexit to economy

Sep 26, 2018

LONDON — British opposition leader Jeremy Corbyn rallied his Labour Party on Wednesday, calling for a clampdown on unfettered capitalism and a huge investment in public services as he tried to refocus attention on domestic policies after an annual conference dominated by Brexit. Corbyn said in his keynote speech that "the old way of running things isn't working anymore," and argued that his socialist ideas represent "the new political mainstream." A veteran left-winger who was the surprise winner of Labour's 2015 leadership contest, Corbyn favors a brand of openly socialist politics that was banished during the centrist, "New Labour" years...

Copy of 'Lady Chatterley' used at obscenity trial for sale

Sep 26, 2018

LONDON — A paperback copy of "Lady Chatterley's Lover" used by the judge in the U.K. obscenity trial of the novel's publisher is expected to sell at auction for up to 15,000 pounds ($20,000), auctioneer Sotheby's said Wednesday. Penguin Books was prosecuted in 1960 for publishing D.H. Lawrence's book about an affair between a wealthy woman and her husband's gamekeeper, a landmark in the frank literary depiction of sexuality. A prosecution lawyer infamously asked in court whether it was "a book that you would ... wish your wife or your servants to read?" It took jurors just three hours of...

Stock markets steady as focus turns to Fed rate decision

Sep 26, 2018

LONDON — Stock markets around the world were trading in narrow ranges Wednesday ahead of a widely predicted interest rate hike from the U.S. Federal Reserve and the potentially more interesting subsequent press conference from its chairman, Jerome Powell. KEEPING SCORE: In Europe, France's CAC 40 added 0.2 percent to 5,488 while Germany's DAX fell 0.3 percent to 12,341. Britain's FTSE 100 was down 0.1 percent at 7,500. U.S. stocks were poised to open modestly higher with Dow futures and the broader S&P 500 futures up 0.2 percent. FED WATCH: The Fed is expected to lift its key rate on...

Tokyo Olympics begin search for 80,000 unpaid volunteers

Sep 26, 2018

TOKYO — Tokyo Olympic organizers began their search Wednesday for 80,000 unpaid volunteers to staff many of the venues when the Olympics and Paralympics open in just under two years. The closing date for applications will be in December, although Tokyo 2020 organizers say they have not set a specific date. Olympics volunteers are unpaid and typically must provide their own lodging, but they are given uniforms and free meals on the days they work. The volunteer program has been a staple of the Olympics. Many volunteers relish the behind-the-scenes work, and many return to do it several times. But...

Japan preschools using tablets to prep tots for digital age

Sep 26, 2018

YOSHIKAWA, Japan — It's drawing time at this suburban nursery school in Japan, but instead of crayons, tiny fingers are tapping on colors on iPad screens and taking selfies. Digital schooling has arrived in this nation long known for its zealous commitment to "three R's" education. Coby Preschool, in a small town northeast of Tokyo, is among nearly 400 kindergartens and nursery schools in Japan that are using smartphone software applications designed especially for preschoolers called KitS. That's only about 1 percent of this nation's kindergartens and nursery schools. But it's a start. Coby is helping lead a national initiative...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!