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Foresight: Rail Vision Signs Agreement to Supply a Prototype to Rio Tinto Railway Network
Rio Tinto’s automated AutoHaul
® long-distance rail network to harness Rail Vision collision-avoidance technology
NESS ZIONA, Israel (BUSINESS WIRE) $FRSX Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd., signed an agreement with Hitachi Rail STS Australia Pty Ltd. to supply equipment, services and personnel to the Australian rail company Rio Tinto Railway Network. According to the agreement, Hitachi Rail STS, the project integrator, will provide Rio Tinto with a prototype of Rail Vision’s Collision Avoidance System to undergo demonstration and feasibility testing for a proof-of-concept project. Revenue from the project is expected to total $265,000, with an option for Rail Vision to furnish additional services for $133,000. Foresight owns 19.36% of Rail Vision’s outstanding share
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Foresight: Eye-Net Partners With WebSIA for Exclusive Distribution in Sao Paulo, Brazil apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
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Eye-Net Protect will be available at Wunder Marketplace to micro-mobility and EV operators in more than 900 cities worldwide
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd., has signed an agreement with WunderCar Mobility Solutions, a German-based software, vehicles and service provider that enables companies and cities worldwide to launch and scale new mobility services.
As the urban use of micro-mobility vehicles such as electric bikes and electric scooters expands, safety solutions for all road users become increasingly important. According to the agreement, Eye-Net will be included in Wunder Mobility s Marketplace online platform and will introduce its Eye-Net Protect accident prevention solution to potential global corporate customers seeking mobility tech-focused applications. Wunder Mobility has partners in more than 900 cities around the globe