NEW YORK, May 30, 2018 (GLOBE NEWSWIRE) — via NetworkWire — JGR Capital, an independent equity research firm, announces it has initiated coverage on Foresight Autonomous (NASDAQ:FRSX), a development-stage technology company that develops powerful and mature proprietary stereoscopic technology used in the automotive industry.
The full report can be found here: https://www.jgrcap.com/foresight-autonomous/
Foresight Autonomous (“Foresight,” “FRSX” or the “Company”) is a development-stage technology company that develops stereoscopic technology derived from the field-proven security technology of its major shareholder, Magna BSP. The stereoscopic technology is an image processing concept that uses synchronized cameras to mimic human depth perception and deliver a 3D view. FRSX’s systems create and analyze 3D images in order to foresee possible collisions in roadway environments while also providing highly accurate real-time alerts with near-zero false alerts. The Company’s proprietary stereoscopic and quad-camera technology is based, in part, on intellectual property that it has transferred from Magna BSP. Magna’s field-proven security technology has been deployed for almost two decades in critical facilities worldwide, including borders, nuclear plants and airports. FRSX’s main products are:
Foresight Autonomous is operating in a lucrative market, as the demand for ADAS is expected to increase over the next decade. Additionally, the company is diversifying by seeking international opportunities as well as leveraging its opportunities within the rail industry.
Key Report Highlights
Disclosures pertaining to this Foresight Autonomous report can be found at www.jgrcap.com.
About Foresight Autonomous
Foresight Autonomous is an Israel-based automotive technology company engaged in the design, development, and commercialization of stereo/quad-camera vision systems based on three-dimensional (3D) video analysis, advanced algorithms and artificial intelligence for image processing and sensor fusion. FRSX develops systems for accident prevention, which are designed to provide real-time information about a vehicle’s surroundings while in motion. The Company targets two vertical markets, advanced driver assistance systems (ADAS) and autonomous/semi-autonomous vehicles, with its two key products of Eyes-On and QuadSight respectively. FRSX also develops and owns a cellular-based accident prevention system named Eye-Net. The Company is headquartered in Ness Ziona, Israel.
About JGR Capital
JGR Capital is an independent equity research firm with a focus on small-cap and pre-IPO companies under $2 billion in market cap. JGR Capital leverages a tech-forward approach to help these companies navigate the market by increasing visibility through equity research. With three locations worldwide, JGR Capital offers analyst coverage via a tech-forward, data-driven approach. Because our reports are based on facts, not recommendations, we are a reputable, trusted resource for investors. For more information, visit www.jgrcap.com
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Source: Nasdaq Automotive News