Eye-Net, SoftBank enter agreement with Japanese vehicle manufacturer

Foresight Autonomous (FRSX) announced that its wholly owned subsidiary, Eye-Net Mobile has signed a three-way multi-phase agreement for a paid proof of concept project with SoftBank Corp. (SFTBY) and a Japanese vehicle manufacturer. SoftBank will provide the required cellular network infrastructure and support for the project. The project is part of a multi-phase plan to be initiated during the third quarter of 2024. The initial phase will consist of an evaluation of Eye-Net Sense demonstration kit in a standalone mode. Upon successful evaluation, the parties may engage in the second phase of integrating Eye-Net Sense into the vehicle manufacturer’s infotainment systems. Successful completion of the first two phases could lead to the integration of the Eye-Net Sense solution into the manufacturer’s advanced driver assistance systems, potentially leading to full commercial deployment in the manufacturer’s vehicles.