Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in 3D perception systems, announced today entering into a multi-phase strategic cooperation agreement for its 3D perception systems with Zeda Korea Ltd. ("Zeda Korea"), a leading South Korean manufacturer of road safety and infrastructure maintenance vehicles.
The parties will collaborate to design, develop, and commercialize advanced artificial intelligence ("AI")-based collision reduction and road safety solutions to be integrated into Zeda Korea's existing vehicle fleet, as well as for broader road safety and railroad management applications and related equipment.
The project integrates Foresight's dual stereoscopic camera systems combining visible-light and thermal infrared cameras installed on service or patrol vehicles to continuously monitor road lanes and detect hazardous situations. Using AI, the system detects restricted areas by segmenting road boundaries and contours in real time. This enhanced situational awareness significantly reduces the risk of collisions, helps prevent unauthorized vehicle entry into restricted work zones, and provides an added layer of protection for road workers and drivers, including in harsh weather and low-visibility conditions.