The patented technology is highly beneficial to Foresight’s key markets, particularly the heavy equipment industry, as the integration of thermal cameras ensures precise obstacle detection in challenging weather and dust-filled environments Ness Ziona, Israel, April 17, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd.(Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has received a notice of allowance from the Japan Patent Office for its patent application, number 2020-557022, for the Company’s "multi-spectral vehicular system for providing pre-collision alerts.” The patented technology combines data from a pair of stereoscopic infrared sensors and a pair of stereoscopic visible-light sensors through an advanced fusion module.
For example, Foresight is using forward-looking statements in this press release when it discusses that the patented technology is highly beneficial to its key markets, that the patent approval is a significant advancement for the Company, paving the way for safer and more efficient autonomous vehicles in Japan, and that the approval of the patent emphasizes the enhanced value of technology for reliable obstacle detection under adverse weather conditions, giving it a competitive edge over other sensors that struggle to perform in challenging environmental conditions.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission ("SEC") on March 27, 2024, and in any subsequent filings with the SEC.
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