Foresight: Eye-Net Partners with Industry Leaders to Transform Urban Mobility and Road Safety Across Europe

Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX), an innovator in 3D perception systems, has announced a groundbreaking collaboration with Software République, a consortium of global industry leaders, to integrate and test Eye-Net Mobile's vehicle-to-everything (V2X) collision avoidance solution. This strategic partnership aims to redefine urban mobility and road safety across Europe by deploying Eye-Net's advanced digital services in the metropolitan area of Bordeaux, France.

The collaboration, initially announced on November 27, 2024, focuses on deploying Eye-Net's V2X technology in controlled environments before expanding across the Bordeaux metropolitan area and potentially to dozens of European cities. This multi-phase initiative aligns with Bordeaux Métropole's comprehensive mobility plan, which prioritizes sustainability, safety, and efficiency in urban transportation.

Eye-Net's V2X solution offers real-time alerts and information to all road users, creating a safer and more predictable road environment. The partnership includes major industry players such as Renault Group, Dassault Systèmes SE, Orange S.A., Eviden, STMicroelectronics N.V, and Thales Group, alongside other prominent partners like Allianz IARD, Bordeaux University, and Keolis Bordeaux Métropole Mobilités.

The involvement of diverse stakeholders, from automotive manufacturers to telecommunications providers, ensures a comprehensive approach to market integration and addresses both technical and commercial challenges. Renault Group's vehicle ecosystem provides immediate scale and visibility, while Orange's telecommunications infrastructure offers robust connectivity essential for V2X technology. STMicroelectronics' hardware expertise optimizes system performance and reliability, and the Bordeaux metropolitan test bed provides real-world validation opportunities.

The partnership's strategic value lies in its potential to establish Eye-Net as a leading provider of V2X solutions in Europe's smart mobility sector, significantly expanding the company's market reach and revenue potential. However, successful commercialization depends on several factors, including technical validation in real-world conditions, regulatory approval across different European jurisdictions, integration with existing urban infrastructure, and market adoption by both public and private sector stakeholders.

In conclusion, Foresight's Eye-Net Mobile has embarked on a transformative journey in Europe's urban mobility landscape by partnering with Software République's powerhouse members. This strategic collaboration positions Eye-Net at the forefront of Europe's urban mobility transformation, addressing technical and commercial challenges through a comprehensive approach that involves diverse stakeholders. As the project progresses, the potential for widespread commercial adoption and significant market penetration across European cities remains promising.