Foresight Autonomous provides an update on its current position on its operations and presents an updated business roadmap. Following the terrorist attacks in Israel on October 7th and the subsequent conflict, Foresight has experienced no immediate material impact on its operations. The Company is committed to maintaining its business continuity while ensuring the safety and well-being of its employees. As it gets closer to the end of 2023, management would like to share its strategic outlook. The company said, “Leveraging our success in the defense and industrial vehicles sectors, as well as through Eye-Net Mobile Ltd, we made a strategic decision to refocus on strengthening client-facing initiatives in these fields and reallocate resources accordingly.” In conjunction with the business focus, Foresight’s management also decided to reallocate resources and reduce expenses while extending the Company’s cash runway.
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