For example, Foresight is using forward-looking statements in this press release when it discusses the capabilities of BuilderX’s products, the outline of the multi-phase collaboration agreement, the belief that the technological integration is expected to potentially enhance full autonomous driving capabilities in certain environmental conditions, the belief that BuilderX’s collaboration with Foresight is a key step to driving innovation in the heavy machinery industry, the belief that BuilderX’s collaboration with Foresight will enable its equipment to be combined with advanced AI capabilities, and the belief that this collaboration will enable the companies to leverage expertise and enable heavy machinery to operate reliably and safely in certain conditions.
Ness Ziona, Israel, Sept.27, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd.(Nasdaq and TASE: FRSX) ("Foresight” or the "Company”), an innovator in automotive vision systems, announced today the signing of multi-phase collaboration agreement with BuilderX Inc.("BuilderX”), a Chinese developer of artificial intelligence (AI) tele-operations equipment for heavy machinery, designed primarily for operation in hazardous industrial and mining environments.
As hazardous environments pose significant challenges for heavy machinery, we believe that our collaboration with Foresight will provide our equipment with the advanced AI capabilities needed to navigate these demanding conditions and deliver exceptional performance,” said Shaolong Sui, Chief Executive Officer at BuilderX.
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