ANN ARBOR—Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX), the automotive vision systems developer based in Ness Ziona, Israel, announced today that it would join the University of Michigan’s TechLab at Mcity 2021 startup cohort, managed by the UM Center for Entrepreneurship, to further develop its automotive vision system designed for Advanced Driver Assistance Systems and autonomous vehicles.
Foresight will participate in the one-year program with a team of students from technical departments at the University of Michigan focused on the development, demonstration, and deployment of key autonomous vehicle technologies. The team will be mentored by Foresight’s Head of Algorithm and leading team members.
By joining the program, Foresight will have access to the Mcity test complex, and will be able to run short-cycle demonstrations to local prospects. Mcity’s test facility mimics real communities and roadways and is focused on connected and automated testing.
Said Haim Siboni, CEO of Foresight: “We are hopeful that collaboration with TechLab at Mcity will enhance Foresight’s vision system capabilities to achieve outstanding performance in any lighting and harsh weather conditions, reduce the rate of road accidents and save lives.”
TechLab at Mcity is a Company-in-Residence program for early-stage advanced mobility companies in the connected and autonomous vehicle industry. The program pairs emerging transportation startups (Post-series A funding) with undergraduate students studying engineering, computer science, and data analytics interested in tackling industry challenges, with the goal of educating students through mentorship and immersive interaction with high-growth ventures. The program aims to develop a talent pipeline for the growing CAV industry, connecting students and company sponsors.
Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. Foresight’s Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention system based on real-time spatial analysis of clients’ movement. The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the Advanced Driver Assistance Systems (ADAS), as well as the semi-autonomous and autonomous vehicle markets.
More at www.foresightauto.com.
