The parties will collaborate to develop and commercialize advanced AI-powered parking management solutions to enhance urban parking, making it smarter, more efficient and user-friendly Ness Ziona, Israel, Dec.04, 2024 (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 three-way multi-phase strategic cooperation agreement with 7meerkat Ltd.("7meerkat”), a South Korean company providing next generation parking and city management systems, and KONEC Ltd.("KONEC”), a leading South Korean Tier-One automotive supplier.
The parties will collaborate to develop and commercialize artificial intelligence (AI)-powered smart parking and city management solutions using Foresight's advanced 3D perception technology. These innovations will include precise AI analysis of vehicle data, automated parking systems, and smart urban mobility enhancements.
About 7meerkat 7meerkat provides next generation parking management systems focusing on AI driven capability of automatic number plate recognition and vehicle classification.7meerkat is seeking to expand its business but also at the global market with a full solution for smart parking and city management.7meerkat specializes in advanced object behavior analytics, lifestyle platforms and Concierge Services, dynamic space optimization, data-driven insights and enhanced user experience.
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