Congratulations to Foresight Automotive (#nasdaq and #tase: FRSX), an MS-IR LLC client, announcing a new strategic agreement with a leading AI company to commercialize advanced solutions for smart transportation.
China Design Group (CDG 华设设计集团股份有限公司), a $1 billion annual revenue Chinese technology company, will leverage its expertise to lead the marketing and sales efforts of the intelligent traffic systems in mainland China, while Foresight will expand the reach across key global markets, including Japan, South Korea, Europe, and the U.S.
This collaboration combines Foresight's expertise in 3D perception technology with CDG's deep understanding of IoT, 5G, and AI to develop innovative systems for traffic management, public transportation, and urban mobility.
“Foresight’s technology offers a unique combination of long-range sensing, high resolution point clouds, and cost-effectiveness that stands out in the world of automotive perception systems. By partnering with CDG, we're excited to offer a proprietary 3D perception solution that can be adaptable to a wide range of smart transportation and smart infrastructure applications,” said Oren Bar-on, Chief Executive Officer of Foresight Asia.
For more information, click the link in the first comment.
Haim Siboni Eli Yoresh Yeela Wineberg-Shohat
#ForesightAuto #selfdrivingtechnology #AutonomousVehicles
#SmartCities #UrbanMobility #AI #IoT #TrafficManagement #Foresight #CDG #SmartTransportation #Innovation #3DPerception
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