Foresight Completes Collision Prevention Project Trial in France
Foresight Autonomous Holdings announced that its majority-owned subsidiary, Eye-Net Mobile, together with Renault Group, Orange, and other participants, announced the completion of a large-scale live trial of the SafeCycloMove "Collision Prevention" project in the city of Bordeaux, France. The initiative is a part of Eye-Net's ongoing collaboration with Software Republique to advance smart mobility innovation and support efficient urban transportation in France and across Europe. The live trial demonstrated positive technical performance across all key parameters, including positioning accuracy, ultra-low latency, stable real-time communication, and full scalability under heavy load. These results confirm the real-world readiness of Eye-Net's vehicle-to-everything collision-prevention technology in a live public-transportation environment involving buses and cyclists. Led by the Lab TBMouv, Bordeaux Metropole and Keolis Bordeaux Metropole Mobilites, during the trial, Eye-Net's Software development kit was integrated into several different applications at the same time, including an app by Orange, Keolis' TBM app for cyclists, and the Atos app installed inside buses, all in collaboration with Renault Group, Allianz, Atos SE and the Bordeaux INP. The trial took place across Bordeaux's public transportation network. Eye-Net's alerting system was integrated into the TBM Mobility App, a public transit navigation platform, enabling real-time data exchange between buses and cyclists to help prevent collisions with vulnerable road users, particularly in areas with obstructed visibility. The trial evaluated the performance and reliability of cooperative collision-prevention alerts, collected feedback from real users, and assessed technical readiness and user acceptance to support broader deployment across transportation networks.
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- Strategic Partnership: On May 6, 2026, VisionWave announced a roadmap to integrate xCalibre™ AI video intelligence into Solar Drone's long-endurance autonomous flight platforms, aiming to enhance defense surveillance capabilities and strengthen the company's competitive position in the rapidly growing drone market.
- IP Acquisition: VisionWave acquired the xCalibre™ AI video intelligence technology through an Asset Purchase Agreement on April 10, 2026, valued at approximately $60 million, using 7 million shares of VWAV common stock and a $6 million promissory note, reflecting the company's commitment to technological innovation.
- Patent Application Progress: A provisional patent application for the xCalibre™ Camera-as-Sensor AI Intelligence Platform was filed on April 28, 2026, to protect its technological assets, although the provisional application does not guarantee eventual patent approval.
- Optimistic Market Outlook: The C-UAS market is projected to grow from $6.64 billion in 2025 to $20.31 billion by 2030, with a CAGR of approximately 25.1%, providing VisionWave with significant market opportunities for its technology applications.
- Historic Counter-Drone Budget: The Pentagon's request for over $70 billion in its fiscal 2027 budget for drone platforms and counter-UAS systems marks a historic investment that is expected to significantly enhance market opportunities for companies in the defense and security sectors.
- AI Surveillance Network Expansion: The Department of Homeland Security is constructing 890 AI-powered autonomous surveillance towers along the southern border, integrating detection, tracking, and interdiction capabilities, which will enhance border security and operational efficiency, benefiting technology firms in this space.
- Surge in Market Demand: Global government spending on counter-UAS systems surpassed $29 billion in publicly announced contracts during Q1 2026, indicating a pressing demand for autonomous interceptor drones, particularly across NATO's eastern flank and Gulf states, driving rapid procurement of related technologies.
- Patent Application Strengthens Position: VisionWave Holdings has filed a provisional patent for its xCalibre™ visual intelligence platform, designed to convert conventional camera feeds into intelligent sensor data, which is expected to bolster its competitive edge in AI-driven computer vision and edge intelligence, positioning the company for future growth.
- Record Counter-Drone Budget: The Pentagon's request for over $70 billion in its fiscal 2027 budget for drone platforms and counter-UAS systems marks a historic investment that is expected to significantly enhance national security capabilities and create substantial market opportunities for related companies.
- AI Surveillance Network Expansion: The Department of Homeland Security is constructing 890 AI-powered autonomous surveillance towers along the southern border, integrating detection, tracking, and interdiction, which is anticipated to improve border security and law enforcement efficiency, thereby driving growth for technology firms.
- Surge in Market Demand: Global government spending on counter-UAS systems exceeded $29 billion in publicly announced contracts during the first quarter of 2026, indicating a strong demand for layered defense programs that presents significant market opportunities for companies like VisionWave.
- Patent Application Strengthens Position: VisionWave Holdings has filed a provisional patent application for its xCalibre™ visual intelligence platform, designed to transform conventional camera feeds into intelligent sensor data, thereby enhancing its competitive position in AI-driven computer vision and edge intelligence markets.
- Acquisition of xClibre Technology: VisionWave completed the acquisition of 100% of the xClibre AI video intelligence platform's IP on April 10, 2026, with a total consideration of a $6 million promissory note and 7 million shares of VWAV common stock, aimed at filling its visual perception gap and enhancing competitiveness in multi-modal defense platforms.
- Investment in Foresight: On April 21, 2026, VisionWave signed a non-binding term sheet for a strategic investment in Foresight Autonomous Holdings, planning to acquire 51% of its shares for $17.5 million, which is expected to bolster its 3D perception capabilities and improve technological integration in the defense sector.
- Acquisition of Israeli Aerospace Manufacturer: VisionWave entered into a definitive agreement to acquire 51% of C.M. Composite Materials, involving 250,000 shares of VWAV common stock, aimed at enhancing its structural advantages in the defense market through Israeli aerospace capabilities.
- Financing and Capital Structure: VisionWave's expansion strategy is financed through a $20 million senior loan, allowing it to expand its platform architecture without immediately tapping public markets, demonstrating flexibility and strategic foresight under current market conditions.

- Acquisition of xClibre Technology: On April 10, 2026, VisionWave acquired the intellectual property of the xClibre AI video intelligence platform for 7 million shares of VWAV common stock, which is expected to enhance its existing RF detection capabilities by integrating AI-driven video analytics, thereby improving its ability to identify and classify various drone threats.
- Strategic Investment in Foresight: VisionWave signed a non-binding term sheet on April 21, 2026, to acquire up to 51% of Foresight's shares for $17.5 million in VWAV common stock, aiming to enhance its multi-domain sensing platform by adding stereo and thermal computer vision capabilities.
- Acquisition of Israeli Manufacturer: VisionWave has entered into a definitive agreement to acquire 51% of C.M. Composite Materials Ltd., with the transaction structured through 250,000 shares of VWAV common stock and a $1.5 million secured loan, aimed at bolstering its manufacturing capabilities in the defense sector, particularly components related to the Iron Dome system.
- Capital Backdrop: The expansion plan is partially financed by a $20 million senior loan secured on February 26, 2026, at a 0% interest rate, demonstrating the company's financial flexibility and confidence in future growth.
- LOI Signing: Eye-Net has signed a non-binding Letter of Intent with the City of Muntinlupa, Philippines, aiming to develop smart urban mobility solutions that will enhance safety for approximately 600,000 residents and improve traffic management efficiency.
- Pilot Project Launch: The parties will conduct a six-month pilot involving at least 8,000 road users to test Eye-Net's V2X technology, with successful outcomes leading to the integration of this technology into city applications, thereby enhancing emergency response capabilities.
- Integration Prospects: Upon successful pilot completion, Eye-Net's SDK will be integrated into Muntinlupa's mobile app, providing collision alerts and real-time emergency services, significantly improving urban resilience in the face of natural disasters.
- Strategic Expansion: The CEO of Eye-Net stated that this partnership marks a significant milestone in the company's expansion into smart city applications in Southeast Asia, which is expected to drive market share growth and enhance brand influence in the region.







