QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Announces Continued Progress Amidst COVID-19
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today provided an update on its operational and financial measures in response to the COVID-19 pandemic. According to the update, the company and its wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., are fully maintaining business activities as usual, with minimal impact to research and development, business development and marketing. In response to the COVID-19 outbreak and its financial implications, Foresight took decisive action to reduce its monthly cash burn spending by more than 20%. The company is pleased with its technological development progress and…