Newsight Imaging selected by Drive TLV for 2023 FastLane commercialization

Newsight Imaging announced it was selected for the 2023 FastLane commercialization program for smart mobility startups offered by DRIVE TLV, a leading Israeli innovation hub. FastLane is a commercialization program for smart mobility startups offering selected companies the opportunity to share their innovations with DRIVE TLV’s corporate partners. The six-month program provides a framework for creating and adjusting value propositions in accordance with the real-life needs of the corporate partners and promotes meaningful long-term relationships between partners and startups. "We were honored to be selected for this year’s FastLane program and the opportunity to work directly with its automotive partners," said Eli Assoolin, Newsight Imaging CEO. "We were privileged to introduce Newsight’s high-performance, affordable image sensors for 3D imaging solutions and spectral analysis applications to several global automotive companies and mobility thought leaders in attendance at Drive TLV’s Smart Mobility Tech Show, where this year’s Fastlane showcase was held. Our CMOS image sensors can be used in many areas of mobility and contribute to major innovations in the automotive industry. We look forward to participating in the upcoming program, building close relationships with the automotive partners, and gaining an understanding of their needs and innovation interests." On August 30, 2022, Newsight Imaging announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition, a publicly traded special purpose acquisition company