Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate for which it owns 10.2% of outstanding share capital, Rail Vision Ltd. (NASDAQ: RVSN) (“Rail Vision”), has received formal certifications for critical European Union (“EU”) railway standards for its Main Line system. According to the announcement, the important achievement underscores Rail Vision’s dedication to quality, safety and innovation. “Achieving compliance with these EU standards marks a major milestone for Rail Vision and positions us ahead of the competition in the railway technology market,” said Noam Shloper, head of quality and reliability at Rail Vision. “Our team is driven by a commitment to support product quality and safety above all else, and we’re pleased to complete this important milestone that sets the stage for accelerated adoption of our Main Line system across the vast EU market.”
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About Foresight Autonomous Holdings Ltd.
Foresight 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., Foresight Changzhou 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 and dense three-dimensional (“3D”) point cloud that can be applied to different 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.
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