QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Affiliate Executes $10 Million Agreement
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, has announced that its affiliate, Rail Vision Ltd., has entered into an agreement with Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX). The agreement notes that Knorr-Bremse, a multibillion-dollar European-based group, will make an investment of $10 million in Rail Vision. This follows a similar investment of $10 million made by Knorr-Bremse in 2019. With both investments in place, Knorr-Bremse will own 36.79% of Rail Vision’s outstanding share capital. In addition, Rail Vision received a call option, available when certain conditions are met,…