Foresight Autonomous Holdings signs $35M revenue deal with KONEC and GINT.

• Foresight Autonomous Holdings signs 3-way deal with KONEC and GINT. • 3D perception technology for autonomous tractors. • Revenue potential of $35M by 2030. • Initial sales expected in 2026. • Collaboration for mass production and commercial deployment.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), a leader in 3D perception systems, has signed a significant three-way agreement with KONEC Ltd. and GINT Ltd. to develop an autonomous control system for tractors. The collaboration aims to integrate Foresight's advanced 3D perception technology with GINT's "Pluva Auto" autonomous tractor kit, with initial sales expected in 2026 and a projected revenue potential of up to $35 million by 2030 [1].

The agreement outlines a multi-phase collaboration preparing for mass production and commercial deployment. The first phase will focus on prototype development, integrating Foresight's ScaleCam system with GINT's autonomous tractor kit. Following successful validation, the parties will advance to a finished product development phase, including design co-development, certifications, and mass production. The final phase will incorporate automotive-grade cameras developed jointly by Foresight and KONEC [1].

This strategic partnership marks a significant expansion for Foresight into the agricultural automation sector, positioning the company to capitalize on the growing autonomous machinery market. The phased approach to commercialization is particularly noteworthy, starting with prototype development and advancing to full product development and mass production [2].

The projected $35 million revenue potential by 2030 represents meaningful diversification for Foresight, with initial sales expected as early as 2026. The technology's relatively mature state suggests it is market-ready compared to many autonomous vehicle initiatives [2].

The partnership leverages complementary strengths: Foresight contributes advanced 3D perception systems, KONEC brings automotive-grade manufacturing capabilities as a Tier-One supplier to major companies like Tesla and Hyundai, and GINT provides specialized agricultural automation expertise with its market-leading autonomous tractor kit in South Korea [2].

Agricultural autonomy presents a strategic advantage over passenger vehicle autonomy due to fewer regulatory hurdles, more controlled operational domains, and more immediate economic incentives for automation. This makes the commercialization path potentially faster and less complex than consumer autonomous vehicles [2].

The planned development of automotive-grade cameras by Foresight and KONEC indicates the partnership aims to create robust, scalable components that meet durability requirements for harsh agricultural environments while potentially finding applications in other sectors like construction and defense where Foresight has established interests [2].

References:
[1] https://www.globenewswire.com/news-release/2025/08/11/3130938/0/en/Foresight-KONEC-and-GINT-Collaborate-on-Prototype-Development-for-Autonomous-Tractors-Toward-Mass-Production.html
[2] https://www.stocktitan.net/news/FRSX/foresight-konec-and-gint-collaborate-on-prototype-development-for-1jdr6dvapc6z.html