The agreement aims to integrate advanced 3D perception solutions into the vehicles and solutions of KONEC's customers and partners across a wide range of sectors, including passenger and commercial vehicles, autonomous logistics vehicles, geofenced autonomous vehicles, as well as agriculture and heavy machinery Ness Ziona, Israel, Dec.09, 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 commercial cooperation agreement with KONEC Co.Ltd.("KONEC”), a leading South Korean Tier-One automotive supplier, to bring to market advanced 3D perception solutions to be integrated into the vehicles and machinery of KONEC’s customers and business partners in the Republic of Korea.
For example, Foresight is using forward-looking statements in this press release when it discusses the benefits and advantages of Foresight’s solutions, KONEC’s commercial forecasts and timing thereof, KONEC’s aim to enhance operational efficiency, improve product quality, and unlock new possibilities in various sectors and Foresight’s belief that there are substantial revenue opportunities arising from this collaboration.
By integrating Foresight's cutting-edge 3D perception solutions into our partners' solutions, we aim to enhance operational efficiency, improve product quality, and unlock new possibilities in various sectors, from automotive to agriculture and heavy machinery in the Republic of Korea.
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