Foresight Enters Autonomous Drone Market With Proof Of Concept Project

Foresight Autonomous Holdings Ltd FRSX has announced Wonder Robotics Ltd will evaluate the stereoscopic abilities of its autonomous drone technology. The financial terms of the deal partnership were not disclosed.
Wonder Robotics has started a proof of concept (POC) project and the evaluation of Foresight's QuadSight vision system.
Wonder Robotics will test Foresight's thermal stereoscopic detection abilities in vertical take-off and landing (VTOL) drones to improve their autonomous flight, navigation, and landing capabilities.
Wonder Robotics will use Foresight's automatic calibration solution to assure that the stereo cameras remain calibrated despite vibrations.
Upon successfully completing the project, the parties will consider integrating Foresight's technology into Wonder Robotics products.
Price Action: FRSX shares are trading lower by 3.61% at $3.20 on the last check Monday.