Foresight Autonomous Holdings (FRSX) has released an update.
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Foresight Autonomous Holdings has signed an agreement with South Korean automotive supplier KONEC to distribute its advanced 3D perception technology in various sectors, including automotive and agriculture, with potential revenues up to $7 million by 2029. This strategic partnership aims to enhance operational efficiency and improve product quality for KONEC’s customers. KONEC will have exclusive distribution rights in South Korea, targeting a wide range of industries to foster innovation and growth.
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