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

More News From The Daily Feeder

Senegal's president Macky Sall seeks 2nd term

Feb 22, 2019

DAKAR, Senegal — Senegal's President Macky Sall is counting on the success of his economic record to propel him to win a second term in Sunday's elections. Sall boasted he will win in the first round, without a runoff vote, though some critics say the two biggest threats to his re-election were barred from running. This stable West African democracy has long been praised for its peaceful transfers of power, a rarity in a region better known for its history of coups and dictators. Sall, who was elected in 2012, is running as "the builder of modern Senegal." One billboard...

Chicago's vast camera network helped Smollett investigation

Feb 22, 2019

CHICAGO — Police tapped into Chicago's vast network of surveillance cameras — and even some homeowners' doorbell cameras — to track down two brothers who later claimed they were paid by "Empire" actor Jussie Smollett to stage an attack on him, the latest example of the city's high-tech approach to public safety. Officers said they reviewed video from more than four dozen cameras to trace the brothers' movements before and after the reported attack, determining where they lived and who they were before arresting them a little more than two weeks later. Smollett reported being beaten up by two men...

Renowned psychiatrist facing malpractice lawsuits

Feb 22, 2019

NEWBURYPORT, Mass. — Two more patients of Dr. Keith Ablow have filed lawsuits against the renowned Massachusetts psychiatrist alleging he pressured them into sexual relationships. The Boston Globe reports that the medical malpractice lawsuits filed Thursday allege Ablow lured the women he was treating for depression into degrading situations. Ablow was sued last year by a patient who alleged he made comments about her appearance, encouraged sexual conversations during treatment sessions and "rewarded" her with free sessions. Ablow in a tweet Thursday said he "categorically, completely" denies the allegations in the lawsuits. His lawyer says Ablow "denies any and all...

Fly-past honors WWII airmen who died saving UK children

Feb 22, 2019

SHEFFIELD, England — U.S. and Royal Air Force planes roared over the English city of Sheffield on Friday to honor 10 American airmen who sacrificed their lives to save British children playing in a park beneath their crippled bomber during World War II. The fly-past brought tears to the eyes of 82-year-old Tony Foulds, for he was one of those children at that park. The spectacle over Sheffield's Endcliffe Park was the culmination of decades of lobbying by Foulds, who wanted an aerial display befitting the young fliers who died that day. As thousands of spectators watched from the park...

BMW, Daimler: You can trust us with car-sharing data

Feb 22, 2019

FRANKFURT, Germany — Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities. The two competitors for luxury car customers said Friday they are investing more than a billion euros (over $1.1 billion) in their combined digital and mobile services. Joining their efforts means they can more quickly achieve rapid growth and win dominant positions in car-sharing, ride-hailing and ticketless parking, they said. The alliance underscores the auto industry's shift toward new technologies and business models based on...

About Us

The Daily Feeder, keep your life updated with the world’s most important political, business, and cultural news 24/7 like no any other news network can.

Contact us: sales[at]thedailyfeeder.com

Subscribe Now!