Foresight Autonomous, KONEC, GINT collaborate on prototype development

Foresight Autonomous (FRSX) announced the signing of a three-way agreement with KONEC and GINT to develop an autonomous control system based on Foresight’s 3D perception technology for autonomous tractors. This follows the agreement with GINT and KONEC, as announced by the Company on December 2, 2024. The agreement outlines a multi-phase collaboration preparing for mass production and commercial deployment, expected to generate up to $35 mil in revenue by 2030, with initial sales anticipated as early as 2026. The first phase of the commercial collaboration will focus on a prototype development project, intended to present a pilot version of Foresight’s ScaleCam system integrated with GINT’S autonomous tractor kit “Pluva Auto.” The prototype will be tested against a set of jointly defined key performance indicators, with the goal of validating technical integration and gathering business feedback from potential customers. Following successful validation, the parties intend to advance to a finished product development phase, which will include final design co-development, certifications, and transfer to mass production of the complete product, which will be marketed to KONEC’s, GINT’s, and Foresight’s customers, business partners and other third parties. The mass production phase is planned to incorporate automotive-grade cameras, to be developed by Foresight and KONEC, as part of the commercial finished good offering.