Latest news with #Foresight
Daily Mail
2 days ago
- Business
- Daily Mail
FORESIGHT SOLAR: Solar farm fund struggles to keep the lights on - but is fighting back
Stock market listed Foresight Solar Fund is in retrenchment mode. It's selling assets – some of its solar farm sites – and buying back shares from shareholders. In just two weeks it faces a discontinuation vote at its annual general meeting, although the special resolution is unlikely to garner sufficient support. Two thirds of shareholders would have to back it to go through – a similar vote last year was not supported. The trust's board also recently confirmed that it had been in 'discussions' with other parties about the future of the fund. Although Foresight remains schtum about the nature of these talks, they are likely to have involved a merger with a similar trust – or going private. It all represents a massive state of flux which will deter many investors from going anywhere near it. Yet Foresight has one big attraction, in the shape of the income it derives from the energy its solar panel farms generate. Since launching in late 2013 the trust has increased the dividends it pays to shareholders every year. For the 2024 financial year it handed out quarterly dividends totalling 8p a share. This year the intention is to tickle up the annual payment to 8.1p. For new investors this income is made all the more compelling by the fact that the trust's shares sit at a massive 30 per cent discount to the value of underlying assets. The result is a share price of 77p, compared to the £1 price that shares were issued at in October 2013 – and an annual dividend equivalent to 10.6 per cent. Foresight is not alone. Double-digit share price discounts are currently common within the renewable energy infrastructure trust sector – and, for that matter, across infrastructure funds generally. They are a reflection of higher gilt yields, making these income-focused trusts comparatively less attractive. Concerns over persistent inflation, weak economic growth and sticky interest rates have also dampened institutional interest. Over the past year the average renewable energy infrastructure trust has delivered investors a total loss of 6.7 per cent, while Foresight's losses are less at 1.5 per cent. To contextualise, Foresight has generated a ten-year return of 46 per cent. Ross Driver, manager of Foresight Solar, says they are doing all they can to improve matters. The solar sites it owns in Australia are being disposed of, as are selected operations in Spain and the UK. In total, it has sites in 58 locations. The proceeds of any sales, says Driver, will be part used to pay down borrowings and return cash to investors. He adds: 'We're selling assets and pulling all the levers while paddling with as many oars as possible in a tsunami.' Driver insists that if sentiment within the asset class improves his trust offers investors a good income, with the potential for share price growth. It's a view shared by some analysts. In a note last month, investment bank Peel Hunt said that Foresight Solar's shares offered 'an attractive tactical opportunity' while Rachel May, research analyst at investment group Shore Capital, says that the trust's board is trying hard to narrow the share price discount. While some people are unhappy about the impact of solar farms blighting the countryside, Driver says it's a trade-off. 'We need to decouple the country off a volatile gas price,' he adds. The trust's annual charges total 1.2 per cent and the stock market identification code is BD3QJR5. Its market ticker is FSFL. In total, investment house Foresight manages assets of £12 billion, primarily in infrastructure.
Associated Press
19-05-2025
- Business
- Associated Press
Foresight Signs Commercialization Agreement with Global Rail Tech Provider for up to $12 Million in Revenue Starting in 2026
The agreement with StreamRail, a Chinese leader in rail transit technologies, aims to enhance safety and operational efficiency for urban rail transit systems Ness Ziona, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ('Foresight' or the 'Company'), an innovator in three-dimensional ('3D') perception systems, announced today the signing of a development and commercialization agreement with Zhejiang StreamRail Intelligent Control Technology Co., Ltd., ('StreamRail'), a global Chinese rail technology company, to integrate and commercialize its products for StreamRail's customers, focusing on urban trams and metro trains. The collaboration will initially focus on a joint development project to integrate Foresight's cutting-edge 3D perception technology into StreamRail's transit infrastructure. The innovative obstacle detection system will use advanced sensors and artificial intelligence to detect potential hazards on rail tracks and surrounding areas, in order to significantly reduce collision risks. Upon successful completion of the development phase, the parties will proceed with manufacturing, marketing, and distributing the innovative product to StreamRail's customers and other third parties. The current project's revenue potential is estimated at up to $12 million by 2029, with initial commercialization expected to begin in 2026. Under the terms of the agreement, StreamRail has secured exclusive distribution rights for the innovative solution in China, contingent upon achieving sales of at least $1.5 million during 2026 and 2027. 'The collaboration with Foresight emphasizes our strong focus on improving safety and connectivity which are key priorities for the future of rail transportation. By combining Foresight's advanced 3D perception capabilities with our active safety control and train control network systems, we aim to address key challenges in railway transportation. This strategic cooperation marks a leap from first-generation 2D to second-generation 3D technology in our train safety systems. We believe this innovation will deliver greater value to global customers and passengers. Looking ahead, we will continue working with Foresight to develop third- and fourth-generation safety perception and control systems, delivering innovative, safe, and reliable onboard intelligent products worldwide,' said Dr. Qu Weiqiang, President of StreamRail. According to the 2025 market report 'Global Rail Transit Obstacle Detection System Market Research Report: Forecast to 2032' by Wise Guy Reports, the global market for Rail Transit Obstacle Detection Systems, which includes technologies such as LiDAR, radar, and camera-based solutions, is projected to grow from $1.97 billion in 2024 to $3.2 billion by 2032. The metro segment is anticipated to lead market growth, driven by accelerating urbanization and the pressing need for advanced safety solutions in high-density areas. The rising adoption of AI-powered and cloud-based monitoring technologies is further driving this growth. 'The agreement with StreamRail represents a major step forward in our mission to bring advanced 3D perception to the urban transportation sector. Our 3D perception technology addresses the growing need for safer and more efficient urban rail operations. By collaborating with a global leader in rail technology, we are accelerating the delivery of a transformative solution to the cities and operators who need it most. We're excited about the potential impact this collaboration will have on the future of urban mobility,' said Oren Bar-On, Global Chief Operations Officer of Foresight. About StreamRail StreamRail focuses on cutting-edge technologies such as intelligent control, detection, display, and the intelligent operation and maintenance of rail transit trains. It provides comprehensive onboard solutions for rail transit systems, including advanced train intelligent control, active safety and obstacle detection, train check-up and fault diagnosis, passenger information and intelligent display, as well as intelligent operation and maintenance solutions for global vehicle manufacturers and end-users. As a leader in intelligent control systems and artificial intelligence applications in the railway industry, StreamRail has delivered intelligent train systems to rail transit networks in more than 30 cities around the globe, including Shanghai, Shenzhen, Guangzhou, Tianjin, Melbourne, Hong Kong SAR, etc., helping to improve the safety, reliability, maintainability and operational efficiency in the global rail market. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company's controlled 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 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs). Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net's innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit 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 prospective stages of the collaboration, the potential successful completion of the development phase that may lead to manufacturing, marketing, and distributing the product to StreamRail's customers and other third parties, the projected revenue streams and expected initial commercialization upon potential completion, StreamRail's potential exclusive distribution rights for the technology in China if it were to achieve sales of at least $1.5 million in 2026 and 2027, the belief that this collaboration emphasizes StreamRail's focus on improving safety and connectivity, the belief that this strategic cooperation marks a leap from first-generation 2D to second-generation 3D technology in the train safety systems, the belief that this collaboration may deliver greater value to global customers and passengers, the expectation that this collaboration may lead to developing third- and fourth-generation safety perception and control systems, the forecast of the market size of obstacle detection systems by 2032, its belief that this collaboration represents a major step forward in its mission to bring advanced 3D perception to the urban transportation sector, and the belief that this collaboration is accelerating the delivery of a transformative solution to the cities and operators. 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 for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') on March 24, 2025, 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. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC [email protected] 917-607-8654
Yahoo
19-05-2025
- Business
- Yahoo
Foresight Signs Commercialization Agreement with Global Rail Tech Provider for up to $12 Million in Revenue Starting in 2026
The agreement with StreamRail, a Chinese leader in rail transit technologies, aims to enhance safety and operational efficiency for urban rail transit systems Ness Ziona, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ('Foresight' or the 'Company'), an innovator in three-dimensional ('3D') perception systems, announced today the signing of a development and commercialization agreement with Zhejiang StreamRail Intelligent Control Technology Co., Ltd., ('StreamRail'), a global Chinese rail technology company, to integrate and commercialize its products for StreamRail's customers, focusing on urban trams and metro trains. The collaboration will initially focus on a joint development project to integrate Foresight's cutting-edge 3D perception technology into StreamRail's transit infrastructure. The innovative obstacle detection system will use advanced sensors and artificial intelligence to detect potential hazards on rail tracks and surrounding areas, in order to significantly reduce collision risks. Upon successful completion of the development phase, the parties will proceed with manufacturing, marketing, and distributing the innovative product to StreamRail's customers and other third parties. The current project's revenue potential is estimated at up to $12 million by 2029, with initial commercialization expected to begin in 2026. Under the terms of the agreement, StreamRail has secured exclusive distribution rights for the innovative solution in China, contingent upon achieving sales of at least $1.5 million during 2026 and 2027. 'The collaboration with Foresight emphasizes our strong focus on improving safety and connectivity which are key priorities for the future of rail transportation. By combining Foresight's advanced 3D perception capabilities with our active safety control and train control network systems, we aim to address key challenges in railway transportation. This strategic cooperation marks a leap from first-generation 2D to second-generation 3D technology in our train safety systems. We believe this innovation will deliver greater value to global customers and passengers. Looking ahead, we will continue working with Foresight to develop third- and fourth-generation safety perception and control systems, delivering innovative, safe, and reliable onboard intelligent products worldwide,' said Dr. Qu Weiqiang, President of StreamRail. According to the 2025 market report 'Global Rail Transit Obstacle Detection System Market Research Report: Forecast to 2032' by Wise Guy Reports, the global market for Rail Transit Obstacle Detection Systems, which includes technologies such as LiDAR, radar, and camera-based solutions, is projected to grow from $1.97 billion in 2024 to $3.2 billion by 2032. The metro segment is anticipated to lead market growth, driven by accelerating urbanization and the pressing need for advanced safety solutions in high-density areas. The rising adoption of AI-powered and cloud-based monitoring technologies is further driving this growth. 'The agreement with StreamRail represents a major step forward in our mission to bring advanced 3D perception to the urban transportation sector. Our 3D perception technology addresses the growing need for safer and more efficient urban rail operations. By collaborating with a global leader in rail technology, we are accelerating the delivery of a transformative solution to the cities and operators who need it most. We're excited about the potential impact this collaboration will have on the future of urban mobility,' said Oren Bar-On, Global Chief Operations Officer of Foresight. About StreamRail StreamRail focuses on cutting-edge technologies such as intelligent control, detection, display, and the intelligent operation and maintenance of rail transit trains. It provides comprehensive onboard solutions for rail transit systems, including advanced train intelligent control, active safety and obstacle detection, train check-up and fault diagnosis, passenger information and intelligent display, as well as intelligent operation and maintenance solutions for global vehicle manufacturers and end-users. As a leader in intelligent control systems and artificial intelligence applications in the railway industry, StreamRail has delivered intelligent train systems to rail transit networks in more than 30 cities around the globe, including Shanghai, Shenzhen, Guangzhou, Tianjin, Melbourne, Hong Kong SAR, etc., helping to improve the safety, reliability, maintainability and operational efficiency in the global rail market. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company's controlled 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 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs). Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net's innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit 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 prospective stages of the collaboration, the potential successful completion of the development phase that may lead to manufacturing, marketing, and distributing the product to StreamRail's customers and other third parties, the projected revenue streams and expected initial commercialization upon potential completion, StreamRail's potential exclusive distribution rights for the technology in China if it were to achieve sales of at least $1.5 million in 2026 and 2027, the belief that this collaboration emphasizes StreamRail's focus on improving safety and connectivity, the belief that this strategic cooperation marks a leap from first-generation 2D to second-generation 3D technology in the train safety systems, the belief that this collaboration may deliver greater value to global customers and passengers, the expectation that this collaboration may lead to developing third- and fourth-generation safety perception and control systems, the forecast of the market size of obstacle detection systems by 2032, its belief that this collaboration represents a major step forward in its mission to bring advanced 3D perception to the urban transportation sector, and the belief that this collaboration is accelerating the delivery of a transformative solution to the cities and operators. 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 for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') on March 24, 2025, 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. Investor Relations Contact: Miri Segal-SchariaCEOMS-IR LLCmsegal@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
14-05-2025
- Automotive
- Business Upturn
Foresight Collaborates with a Leading Global Tier-One Automotive Supplier to Enhance Bus Safety with Advanced 3D Perception Technology
The parties will engage in a POC project to improve urban transit safety through precision curb detection system Ness Ziona, Israel, May 14, 2025 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ('Foresight' or the 'Company'), an innovator in three-dimensional ('3D') perception systems, announced today the signing of an agreement for proof of concept (POC) project with a global Tier One automotive supplier to evaluate the effectiveness of its cutting-edge 3D perception system in measuring curb heights and distances in urban environments. The system will be used as an aftermarket Advanced Driver Assistance System (ADAS) on a select fleet of city buses. The collaboration will evaluate Foresight's advanced 3D perception system, based on stereovision technology, in real-world transit applications, specifically focusing on the system's ability to accurately detect and measure curbstones at various distances. Foresight's system is designed to provide drivers with enhanced situational awareness. This capability is crucial for improving safety during bus approach and departure from stops, potentially reducing accidents and enhancing accessibility for all passengers. According to the October 2024 'Commercial Vehicle ADAS Market by Offering, Technology, Autonomous Driving Level, Application – Global Forecast 2025–2030' report by Research and Markets, the commercial vehicle ADAS market is expanding rapidly from $17.66 billion in 2023 to a projected $43.24 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.64%. According to the report, ADAS for buses represents a key segment within this market, as public transportation providers increasingly prioritize safety, efficiency, and regulatory compliance. These technologies play a vital role in reducing accidents and operational costs. Market growth is driven by smart city initiatives and advancements in AI and sensor integration, creating substantial market opportunities for OEMs, fleet operators, and technology innovators. The POC project is expected to begin in the second half of 2025. Upon successful completion, the parties intend to commercialize Foresight's 3D perception system by 2028. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company's controlled 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 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs). Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net's innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit follow @ForesightAuto1 on 'X' (formerly 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 advantages and benefits of Foresight's system, market size, the timing of the POC project and the parties' intent to commercialize the system by 2028. 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 for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') on March 24, 2025, 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. Investor Relations Contact: Miri Segal-SchariaCEOMS-IR LLC [email protected] 917-607-8654
Associated Press
14-05-2025
- Automotive
- Associated Press
Foresight Collaborates with a Leading Global Tier-One Automotive Supplier to Enhance Bus Safety with Advanced 3D Perception Technology
The parties will engage in a POC project to improve urban transit safety through precision curb detection system Ness Ziona, Israel, May 14, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ('Foresight' or the 'Company'), an innovator in three-dimensional ('3D') perception systems, announced today the signing of an agreement for proof of concept (POC) project with a global Tier One automotive supplier to evaluate the effectiveness of its cutting-edge 3D perception system in measuring curb heights and distances in urban environments. The system will be used as an aftermarket Advanced Driver Assistance System (ADAS) on a select fleet of city buses. The collaboration will evaluate Foresight's advanced 3D perception system, based on stereovision technology, in real-world transit applications, specifically focusing on the system's ability to accurately detect and measure curbstones at various distances. Foresight's system is designed to provide drivers with enhanced situational awareness. This capability is crucial for improving safety during bus approach and departure from stops, potentially reducing accidents and enhancing accessibility for all passengers. According to the October 2024 'Commercial Vehicle ADAS Market by Offering, Technology, Autonomous Driving Level, Application – Global Forecast 2025–2030' report by Research and Markets, the commercial vehicle ADAS market is expanding rapidly from $17.66 billion in 2023 to a projected $43.24 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.64%. According to the report, ADAS for buses represents a key segment within this market, as public transportation providers increasingly prioritize safety, efficiency, and regulatory compliance. These technologies play a vital role in reducing accidents and operational costs. Market growth is driven by smart city initiatives and advancements in AI and sensor integration, creating substantial market opportunities for OEMs, fleet operators, and technology innovators. The POC project is expected to begin in the second half of 2025. Upon successful completion, the parties intend to commercialize Foresight's 3D perception system by 2028. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company's controlled 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 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs). Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net's innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit follow @ForesightAuto1 on 'X' (formerly 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 advantages and benefits of Foresight's system, market size, the timing of the POC project and the parties' intent to commercialize the system by 2028. 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 for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') on March 24, 2025, 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. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC [email protected] 917-607-8654
