The Benefits
Adding autonomy to any vehicle brings a host of benefits. These vehicles require significant investments and enabling them to operate during inclement weather and poor lighting conditions delivers a clear return on investment. These vehicles must be able to sense and avoid specific objects, including people, animals and other machinery, at all times. In addition, strict regulations limit the number of hours commercial drivers can log while on the road or while operating heavy-duty vehicles, effectively decreasing capacity. Autonomous vehicles (“AV”) could operate continuously, potentially reducing downtime and cutting costs for construction projects, while increasing capacity. AVs can potentially reduce traffic congestion and time spent on the road and provides time for drivers to engage in other activities. AVs can also give mobility options to those who cannot drive for any number of reasons, effectively improving their quality of life.
Conclusion
Foresight’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology.
Foresight’s technology is derived from field-proven homeland security technology that has been deployed worldwide for almost two decades in critical international facilities including borders, nuclear plants, and airports.
Foresight’s QuadSight system is a key component that may enable Level 3, 4 and 5
autonomy by solving the two main challenges of detecting any obstacle and allowing
autonomous vehicles to safely endure extreme weather and lighting conditions. Foresight’s solution enables 24/7 operation in harsh weather conditions and complete darkness for a complete 3D image of the driving environment. Frost & Sullivan has stated that they believe that the market opportunity ranges in the hundreds of billions of dollars annually.
The Company targets vehicle manufacturers (OEMs), system integrators (Tier One suppliers) and strategic suppliers, allowing them to adapt Foresight’s core technology to their specific needs in order to enable vehicle autonomy. Foresight has sold 8 systems for testing to leading OEMs and Tier One suppliers in the US, Europe, China, Israel, and Japan.
By offering three diverse engagement models, from software licensing, to a system on a chip, as well as a fully integrated model, Foresight provides the desired flexibility to the
value chain enabling them to work with a diverse array of clients from OEMs, to chip providers.