Foresight Advances Commercialization for Smart City and Road Safety Solutions with Leading Japanese Manufacturer

Ness Ziona, Israel, March 10, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced today that it entered into a development and commercialization agreement of its 3D perception systems with leading Japanese manufacturer of smart city, road traffic, hazard management and traffic monitoring solutions (the “Japanese Manufacturer”). The agreement was signed together with the Company's Japanese distributor, Cornes Technologies Limited. The development phase is underway and is expected to be completed during the second quarter of 2027, generating initial revenues of approximately $250,000. Following completion of the development phase, initial product sales are expected in late 2027, growing to a conservative potential revenue of $3.6 million by 2030.

As previously reported by the Company on February 14, 2025, Foresight and the Japanese Manufacturer established a framework for future project collaborations and commercialization. The current project includes dual stereoscopic camera systems, combining visible-light and thermal infrared cameras on service or patrol vehicles to monitor road lanes and provide real-time hazard s when vehicles enter restricted areas or lanes, even in harsh weather or low-visibility conditions. This project uses artificial intelligence (AI) to automatically segment restricted areas by detecting and tracking boundaries and road contours as the vehicle moves, offering real-time, accurate awareness and warning to protect workers and drivers.

A second, concurrent project focusing on smart cities solutions, with implementation and optimization of Foresight’s advanced 3D perception system to detect and recognize, in real time, vehicles merging onto parking areas, service areas and highways from entrance ramps, as well as identify over speeding, abnormally low speed, and wrong-direction driving.

These projects are intended to accelerate Foresight’s commercialization of advanced 3D perception solutions, delivering real-time AI to improve road-and traffic safety. By combining innovative sensor technologies with dynamic driving area segmentation, the Company is generating significant commercial opportunities and strengthening its position in the Japanese and global road, traffic and smart-city safety markets.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions.

Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision s to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics.