Foresight Autonomous enters agreement with leading Japanese manufacturer

Foresight Autonomous (FRSX) announced that it entered into a development and commercialization agreement of its 3D perception systems with leading Japanese manufacturer of smart city, road traffic, hazard management and traffic monitoring solutions. The agreement was signed together with the Company’s Japanese distributor, Cornes Technologies Limited. The development phase is underway and is expected to be completed during the second quarter of 2027, generating initial revenues of approximately $250,000. Following completion of the development phase, initial product sales are expected in late 2027, growing to a conservative potential revenue of $3.6 million by 2030.