Home Top Movers Foresight Autonomous Holdings Ltd. (FRSX) stock rises during current market. Why is...

Foresight Autonomous Holdings Ltd. (FRSX) stock rises during current market. Why is it so?

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) stock declined by 0.24% at the last close whereas the FRSX stock price shows a gain of about 10.68% in the current market trading. FRSX is a technology business that creates cellular-based apps and advanced multi-spectral vision software solutions.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What is happening?

FRSX has signed a collaborative proof of concept (POC) initiative with an American affiliate of a major European passenger car manufacturer. The goal of the research is to see if Foresight’s stereoscopic technology can improve the vehicle maker’s active security measures without the need for new sensors or infrastructure. The auto company may consider incorporating Foresight’s solutions into its vehicle safety applications when the project is completed successfully and with a suitable conclusion.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

The project is divided into two parts, each of which is built on a set technical work order: a feasibility testing phase, accompanied by a simulation and real-life testing phase. The POC’s total projected consideration is up to $120,000.

With Foresight’s proprietary automated calibrating method, the proof of concept project is achievable.  It is meant to build a stereo system employing two mono cameras with overlapping fields of view in terms of improving the detection quality, distance accuracy, and resilience of a vehicle’s Advanced Driver Assistance System.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Haim Siboni, CEO of Foresight stated:

FRSX is ecstatic to have been picked by one of Europe’s largest passenger vehicle manufacturers to perform a proof of concept project to see if their superior stereoscopic technology can improve current mono camera-based safety mechanisms. This research may enable FRSX to provide a solution that can be quickly implemented in cars with level 2 and level 3 autonomy systems. Furthermore, it may enable automakers to take existing safety systems to the next degree of authority without the hassles that come with new hardware integrations and design modifications, which generally result in longer production times and higher costs. Also, FRSX thinks that this initiative will lead to extended prospects with other prominent car OEMs throughout the world.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Related News

Applied UV, Inc. (AUVI) stock is Popping High today: Here’s to know why

Applied UV, Inc. (AUVI) stock announced today that its SteriLumen Lumicide™ Ribbon which is its proprietary connected UVC disinfection platform for surface disinfection can...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

Why Kindred Biosciences, Inc. (KIN) stock is soaring today?

Shares of the Kindred Biosciences, Inc. (KIN) stock continuing the rising trend in pre-market today on June 16, 2021, following the announcement of the...

Ampio Pharmaceuticals Inc. (AMPE) stock fell during pre-market trading. Here’s to know why?

Ampio Pharmaceuticals Inc. (NASDAQ: AMPE) stock gained by 4.71% at last close whereas the AMPE stock price declines by 2.65% in the pre-market trading...

Aptinyx Inc. (APTX) stock fell during after-hour. Here’s to know why?

Aptinyx Inc. (NASDAQ: APTX) stock declined by 0.29% at last close while the APTX stock price has been observed falling more during the after-hour...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam