Foresight’s QuadSight™ Vision System Wins Prestigious 2019 CES Innovation Award

The quad-camera vision system provides autonomous vehicles near-100%
obstacle detection under all weather and lighting conditions with near
zero false alerts

NESS ZIONA, Israel–(BUSINESS WIRE)–#FRSX–Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator
in automotive vision systems, today announced that its QuadSight™
vision system has been named a 2019 CES
Innovation Award honoree
in the Vehicle Intelligence and
Self-Driving Technology category. Foresight’s quad-camera vision system
was selected from a highly competitive pool of participating innovative
CES products. Foresight will offer a live demonstration of the
QuadSight™ vision system at CES 2019, held from January 8–11 at the
Westgate Las Vegas, booth #2206.


Focused on the stringent demands of autonomous vehicle vision needs,
QuadSight™ is designed to achieve near-100% obstacle detection with
near-zero false alerts under all weather and lighting conditions,
including complete darkness, snow, rain, fog, sandstorms and blinding
glare. Leveraging decades of field-proven security technology and highly
advanced image-processing algorithms, Foresight’s quad-camera technology
combines two pairs of long-wave infrared (LWIR) and visible-light
stereoscopic cameras to achieve an unprecedented performance standard
for autonomous vehicle vision.

“Developing safe autonomous vehicles is one of the great technical
challenges of our time, and it demands innovation in all aspects of
design and implementation,” said Haim Siboni, CEO of Foresight. “We are
honored that the CES Innovation Award judges have recognized the
far-reaching innovation required for the QuadSight™ system to achieve
vision perfection under all weather and lighting conditions.”

Essential for safety and reliability, stereoscopic vision technology
brings exceptional three-dimensional (3D) images for outstanding
detection and accuracy to semi-autonomous and autonomous vehicle vision
systems. While visible-light camera systems utilize the same or
sometimes less information compared to the human eye, LWIR imaging adds
another layer of information based on emitted waves. By combining
visible-light stereoscopic and thermal stereoscopic vision, QuadSight™
enables exceptional visual precision with 3D objects in real time,
whether the objects are large or small, in motion or static, or detected
from short or long distances.

At CES 2019, QuadSight™ will be demonstrated at Foresight’s booth #2206
at Westgate Las Vegas. Contact Foresight to schedule a demo.
For a brief video of the QuadSight™ vision technology, click here.
As a winner of the Innovation Award, QuadSight™ will also be on display
at the CES Innovation Award Showcase in Tech West, The Venetian,
Venetian Ballroom E/F.

The CES Innovation Awards is an annual competition that recognizes two
levels of honorees across 28 product categories. A panel of judges,
including designers, engineers and members of the tech media, reviews
submissions based on design, functionality, consumer appeal, engineering
and how the products compare with competition. CES 2019 will showcase
more than 4,500 exhibiting companies, including manufacturers,
developers and suppliers of consumer technology hardware, content,
technology delivery systems and more.

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

About Foresight

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in
2015, is a technology company engaged in the design, development and
commercialization of stereo/quad-camera vision systems for the
automotive industry based on 3D video analysis, advanced algorithms for
image processing and sensor fusion. The company, through its wholly
owned subsidiary Foresight Automotive Ltd., develops advanced systems
for accident prevention, which are designed to provide real-time
information about the vehicle’s surroundings while in motion. The
systems are designed to improve driving safety by enabling highly
accurate and reliable threat detection while ensuring the lowest rates
of false alerts. The company’s systems are targeting the Advanced Driver
Assistance Systems (ADAS), semi-autonomous and autonomous vehicle
markets. The company estimates that its systems will revolutionize
automotive safety by providing an automotive grade, cost-effective
platform, and advanced technology.

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 benefits of the QuadSight vision system. 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 registration
statement on Form 20-F filed with the Securities and Exchange Commission
(“SEC”) on March 27, 2018, 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.

Contacts

Investor Relations Contact:
MS-IR LLC
Miri Segal-Scharia
CEO
msegal@ms-ir.com
917-607-8654
Media
Contacts:

Rainier Communications
Mary Lynch
Cadwallader/Michelle Allard McMahon
foresight@rainierco.com
508-450-2733

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