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

Politician, ex-codebreaker Baroness Trumpington dies at 96

Dec 13, 2018

LONDON — British socialite, codebreaker, politician and bon vivant Jean Baker — better known by her title, Baroness Trumpington — has died. She was 96. Son Adam Baker says she died Monday in her sleep. Born into a wealthy family, Baker served in naval intelligence at the Bletchley Park codebreaking center during World War II. She later became mayor of Cambridge and entered the House of Lords in 1980. She served as a whip and minister in 1980s and 90s Conservative governments. She became a media star in 2011 after making a rude gesture in the House of Lords at...

With child coming, it's off to the suburbs for Harry, Meghan

Dec 13, 2018

LONDON — Like many a couple before them, Prince Harry and his wife Meghan are moving to the suburbs ahead of the anticipated birth of their first child. Kensington Palace said Saturday that Harry and Meghan, the Duchess of Sussex, will move from Kensington Palace in central London to Frogmore Cottage, a house on the grounds of Windsor Castle, early next year. The couple is expecting their first child in the spring. They married in a chapel on the Windsor Castle grounds in May. Windsor is about 20 miles (32 kilometers) west of central London. Harry and Meghan have been...

China to overtake France as top travel destination by 2030

Dec 13, 2018

LONDON — A leading travel research firm is predicting there will be 1.4 billion trips made in 2018, up 5 percent from last year. Euromonitor International said Tuesday that stronger than anticipated growth in many major economies will mean that receipts in the tourism industry will rise by an even stronger 11 percent. Much of the continued boom in travel is centered in the Asia Pacific region, where trips are expected to grow by 10 percent this year. Countries like Egypt, Tunisia and Turkey, which have seen sharp falls in tourist numbers over the past few years largely linked to...

JAL pilot admits being almost 10 times over alcohol limit

Dec 13, 2018

LONDON — A Japan Airlines co-pilot arrested after failing a breath test shortly before a London to Tokyo flight pleaded guilty Thursday to being almost 10 times over the legal limit for alcohol. London's Metropolitan Police force said Katsutoshi Jitsukawa appeared at Uxbridge Magistrates' Court in west London and admitted exceeding the alcohol limit. The airline said the co-pilot was arrested Sunday at Heathrow Airport for violating British aviation law. The driver of a crew bus at Heathrow smelled alcohol on Jitsukawa and reported it to police, Japan's NHK public television said. Tests found the 42-year-old first officer had 189...

UK-Canadian 'grand committee' seeks to question Zuckerberg

Dec 13, 2018

LONDON — Parliamentary committees in Britain and Canada are urging Facebook CEO Mark Zuckerberg to testify before a joint hearing of international lawmakers examining fake news and the internet. Damian Collins, the head of the U.K. parliament's media committee, is joining forces with his Canadian counterpart to pressure Zuckerberg to personally take part in hearings, as he did before the U.S Congress and the European Parliament. Describing the Nov. 27 session as being hosted by an "international grand committee," he said Wednesday it was likely that other parliaments would be represented. Collins and Zimmer told Zuckerberg that they "understand that...

Sign up now!