For example, Foresight is using forward-looking statements in this press release when it discusses the contents of the Agreement and the potential joint venture and collaboration with Excava, Excava’s potential strategic investment, the potential benefits of the joint venture and collaboration, the potential revenues to be derived from the collaboration and the timing thereof, the belief that the intended joint venture presents an opportunity to collaborate on advanced perception solutions that could set new benchmarks for industry standards, the belief that this cooperation will drive progress for both companies and support technological advancements in the industries it serves, and the belief that this cooperation may lead to delivering innovative solutions to the market.
Foresight will be responsible for the technology and know-how transfer while Excava will handle manufacturing and sales activities in the Indian market. Ness Ziona, Israel, March 13, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd.(Nasdaq and TASE: FRSX) ("Foresight” or the "Company”), an innovator in 3D perception systems, announced today the signing of a commercial cooperation agreement (the "Agreement”) with Excava Attachers Pvt.Ltd.("Excava”), a leading Indian Tier-One automotive supplier.
Based on initial results of the cooperation under the Agreement between the parties, Foresight and Excava intend to form a local joint venture in India to manufacture and sell advanced perception solutions.
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