Foresight and SUNWAY-AI Collaborate to Commercialize Autonomous Technologies to the Chinese Agriculture Market

Foresight Autonomous Holdings Ltd.
(Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral
vision software solutions and cellular-based applications. Through the Company’s
wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd.,
Foresight develops both “in-line-of-sight” vision systems and
“beyond-line-of-sight” accident-prevention solutions.

Foresight’s vision solutions include
modules of automatic calibration, sensor fusion and dense 3D point cloud that
can be applied to diverse markets such as automotive, defense, autonomous
vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based
solution suite provides real-time pre-collision alerts to enhance road safety
and situational awareness for all road users in the urban mobility environment
by incorporating cutting-edge AI technology and advanced analytics.

For more information about Foresight
and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn.

Forward-Looking
Statements

This press release contains forward-looking statements
within the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws. Words such as
“expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,”
“estimates” and similar expressions or variations of such words are
intended to identify forward-looking statements. For example, Foresight is
using forward-looking statements in this press release when it discusses the business
cooperation agreement between the parties, the potential for a future
partnership agreement, that the agreement opens the door to the growing market
of automated machines and autonomous agriculture and the
potential for it to enhance its footprint in China.  Because such statements deal with future
events and are based on Foresight’s current expectations, they are subject to various
risks and uncertainties, and actual results, performance or achievements of
Foresight could differ materially from those described in or implied by the
statements in this press release.

The
forward-looking statements contained or implied in this press release are
subject to other risks and uncertainties, including those discussed under the
heading “Risk Factors” in Foresight’s annual report on Form 20-F
filed with the Securities and Exchange Commission (“SEC”) on March
30, 2021, and in any subsequent filings with the SEC. Except as otherwise
required by law, Foresight undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a convenience,
and the information contained on such websites is not incorporated by reference
into this press release. Foresight is not responsible for the contents of
third-party websites.

 

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