Foresight Autonomous Holdings (FRSX) has released an update.
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Foresight Autonomous Holdings Ltd. reported a significant decrease in both GAAP operating and net loss for Q2 2024, reflecting increased efficiency and strategic resource reallocation. The company expanded its global partnerships and marked technological advancements in its automotive and defense vision systems, with collaborations in Asia, particularly with Korean Tier-One KONEC and Japanese firms, signaling a promising outlook for commercial opportunities. Revenue generation began with successful commercial and POC agreements, notably with Elbit and a leading Japanese vehicle manufacturer.
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