Foresight Signs Agreement with Japanese Firm, Expected Revenue of $10.5M
Foresight Autonomous announced the signing of a final development and commercialization agreement with a Japanese in-vehicle AI device manufacturer and Cornes Technologies for the integration and deployment of Foresight's proprietary ScaleCam stereoscopic 3D perception software into the manufacturer's in-vehicle AI systems. The agreement, which includes a design freeze and transfer to production phase, paving the way to serial production in early 2027, is expected to generate a potential revenue, based on a software licensing model, of up to approximately $10.5M for Foresight between 2027 and 2030. This opportunity is driven by the manufacturer's forecasted demand of approximately 400,000 units under the agreed volume-based recurring licensing model. Under the agreement, Foresight will supply its ScaleCam 3D perception software package.
