Foresight Autonomous Holdings, an innovator in automotive vision systems, has announced the additional sale of a prototype of QuadSight™ quad-camera vision system.
The QuadSight™ multi-camera vision solution targets the semi-autonomous and autonomous vehicle market and, as claimed by the company, is designed to allow near-100 percent obstacle detection with near zero false alerts under any weather and lighting conditions.
The stereoscopic technology system was ordered by the truck division of one of Europe’s largest vehicle manufacturers. Revenue from the prototype system sale is expected to total tens of thousands of dollars.
This is the second sale of QuadSight™ prototype system to a leading European original equipment manufacturer (OEM) demonstrating the company’s clear strategy to cooperate with leading European OEMs.
According to a Mordor Intelligence report earlier this year, the long-term market potential for autonomous vehicles and advanced accident prevention systems is projected at $60 billion by 2030, with automotive vision and V2X technological solutions playing a key role in reaching that target.
Foresight Autonomous Holdings 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 predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
By selling additional prototypes, Foresight intends to increase awareness of its unique solutions, address potential customers, and expand its presence with vehicle manufacturers and Tier One automotive suppliers. Foresight believes that a closer evaluation of the technology by potential customers may lead to future collaborations in research and development, integration, production and more.