Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Increases Ownership in Rail Vision, Lands Sale of QuadSight™ Prototype
Foresight becomes largest shareholder in Rail Vision Ltd. Chinese company purchases prototype of Foresight’s breakthrough quad-camera vision system Foresight strengthens position as leader in providing vision solutions A leading innovator in automotive vision systems and driver assistance technology, Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) has become the largest shareholder of Rail Vision Ltd. To reach this status, Foresight exercised $2.24 million of warrants, raising its ownership stake to approximately 35 percent of issued and outstanding shares and 34 percent on a fully diluted basis. Focused on revolutionizing the rail industry with obstacle detection solutions, advanced imaging and deep-learning…