FRSX News & Events

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.

Foresight Autonomous announced that it has entered into an agreement with a European car manufacturer for a proof-of-concept to validate Foresight's stereo vision artificial intelligence-based solution for off-road driving scenarios. Under the agreement, Foresight will develop and demonstrate a POC system based on its stereo vision technology, to be installed on the car manufacturer's vehicle platform. The system will provide real-time surroundings analysis ahead of the vehicle, assess off-road passability according to the car manufacturer's vehicle parameters, and display visual guidance on safe and unsafe areas, with support for different field types selected by the user. The POC will include live demonstrations in both daylight and low-light conditions at the car manufacturer's facilities. Upon successful completion and validation of first phase, the parties intend to enter into a joint development agreement for a second phase. This next phase will introduce automatic AI -based field classification, localized sub-region evaluation, a three-level classification output and enhanced robustness for broader environmental variability.

VisionWave (VWAV) announced a signed non-binding term sheet for a strategic investment in Foresight Autonomous (FRSX), under which VisionWave will acquire up to 51% of Foresight's outstanding shares in exchange for $17.5 million in VisionWave equity. This transaction follows VisionWave's April 10, 2026 acquisition of the xClibre AI video intelligence IP portfolio, independently valued at approximately $60 million.