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Part 2 $FRSX April 2019,#FRSX received a notice of allowance for its 1st patent application:
It involves a running vehicle alerting system which detects traffic lights or traffic signs. The system generates a collision avoiding alert signal when the distance to these lights or 👇
signs is shorter than a threshold safe braking distance in order to avoid endangering other vehicles and pedestrians.This patent combines features of QuadSight vision system with Eye-Net Mobile’s cellular-based V2X accident prevention solution.
Full here : mediafire.com/file/3xgjdy6yd…
In May 2019, FRSX sign exclusive agreement with Cornes Technologies (CTL) in Japan market !🔥
Cornes Technologies will have exclusive rights to promote and sell Foresight’s QuadSight system in Japan. CTL establishing & developing commercial & trade between Japan and rest of the🌍
Read 26 tweets
#FRSX $FRSX part1 DD 🔥
Let's begin the 1st round
The previous name of FRSX holding LTD (FRSX that we know is a subsidiary) was formerly Golan Melechet Machshevet (created in 1977), the company was incorporated in Israel
Investors in its 1st financing round included Lubinski group, the importer of Peugeot and Citroen, chairman of Allied, which own Champion Motors, importers of Audi, Seat, Volkswagen, and Skoda; and holder of the Porsche franchise for Israel; A UK investment fund also invested.
In 2010 they changed their name to Asia Development (A.D.B.M.) Ltd (or Asia Pituach (A.D.B.M.) Ltd)
There were focus on Residential Real Estate Brokerage & Management Industry at this time.
dnb.com/business-direc…
lawinsider.com/contracts/5hE9…
Read 19 tweets

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