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Foresight Autonomous Holdings ( (FRSX) ) has provided an announcement.
On January 13, 2025, Foresight Autonomous Holdings Ltd. announced a strategic agreement with a leading Indian drone manufacturer to integrate its 3D perception technology into autonomous drones, targeting up to $2.5 million in revenue by 2026 and potentially $16 million by 2029. This collaboration, centered on enhancing drone capabilities in challenging environments, marks a significant step in Foresight’s expansion into diverse autonomous vehicle markets, reflecting the adaptability of its ScaleCam™ technology beyond automotive applications.
More about Foresight Autonomous Holdings
Foresight Autonomous Holdings Ltd. is a technology company specializing in developing smart multi-spectral vision software solutions and cellular-based applications. Through its subsidiaries, the company creates both in-line-of-sight vision systems and beyond-line-of-sight accident-prevention solutions. Its offerings are utilized in various industries, including automotive, defense, autonomous vehicles, and heavy industrial equipment, while also providing real-time pre-collision alerts to enhance urban road safety through Eye-Net Mobile’s advanced AI technology.
YTD Price Performance: -13.79%
Average Trading Volume: 790,787
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $24.12M
For a thorough assessment of FRSX stock, go to TipRanks’ Stock Analysis page.
