UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For
the month of: August 2023 (Report No. 2)
Commission
file number: 001-38094
FORESIGHT
AUTONOMOUS HOLDINGS LTD.
(Translation
of registrant’s name into English)
7
Golda Meir
Ness
Ziona 7403650 Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
CONTENTS
Attached
hereto and incorporated herein is Foresight Autonomous Holdings Ltd.’s (the “Registrant”) press release issued on August
14, 2023, titled “Foresight Signs Agreement with Global Vehicle Manufacturer.” A copy of this press release is furnished
herewith as Exhibit 99.1.
Exhibit
99.1 is incorporated by reference into the Registrant’s Registration Statements on Form F-3 (File No. 333-252334) and Form S-8
(Registration Nos. 333-229716, 333-239474 and 333-268653), filed with the Securities and Exchange Commission, to be a part thereof from
the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Foresight Autonomous Holdings Ltd. |
|
(Registrant) |
|
|
|
Date: August 14, 2023 |
By: |
/s/ Eli
Yoresh |
|
Name: |
Eli Yoresh |
|
Title: |
Chief Financial Officer |
Exhibit
99.1
Foresight
Signs Agreement with Global Vehicle Manufacturer
The
agreement consists of two POC projects to evaluate Foresight’s automatic camera calibration and stereo vision enhancement solutions
Ness
Ziona, Israel – August 14, 2023 - Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”),
an innovator in automotive vision systems, announced today the signing of an agreement for two proof of concept (POC) projects with a
leading global vehicle manufacturer.
The
vehicle manufacturer currently uses stereo cameras in its advanced driver assistance systems (ADAS), enabling 3D depth perception and
distance analysis. These features can be used, for example, for adaptive cruise control and lane departure warning, ensuring a safer
driving experience. The vehicle manufacturer has chosen to evaluate Foresight’s stereo vision solutions to improve safety measures
even further.
The
purpose of these POC projects is to assess the accuracy of Foresight’s unique automatic calibration capabilities in enhancing 3D
depth perception. In addition, the vehicle manufacturer will assess Foresight’s Mono2Stereo™ perception enhancement solution
to be used with its existing mono cameras which have different fields of view. Upon successful completion of the projects, the vehicle
manufacturer may integrate Foresight’s technology into its passenger vehicles. This integration could lead to improved precision
in distance measurement, as well as object detection and classification, ultimately enhancing the overall safety system of the automaker’s
vehicles.
“We
believe that our collaboration with another leading global vehicle manufacturer validates the importance of Foresight’s technology
in the automotive world and could lead to additional opportunities in the automotive sector. This vote of confidence from an important
player in the automotive industry reinforces our commitment to develop advanced software-based vision solutions that will be widely implemented
and could save lives by redefining road safety,” said Haim Siboni, CEO of Foresight.
About
Foresight
Foresight
Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and
cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive
Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight”
accident-prevention solutions.
Foresight’s
vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different
markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution
suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility
environment by incorporating cutting-edge AI technology and advanced analytics.
For
more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1
on Twitter, or join Foresight Automotive on LinkedIn.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such
words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release
when it discusses the POC projects and the intention of the vehicle manufacturer to evaluate Foresight’s stereo vision solutions
to improve safety measures, the potential benefits from the use its technology, that the vehicle manufacturer may integrate Foresight’s
technology into its passenger vehicles and the belief that the collaboration validates the importance of Foresight’s technology
in the automotive world and could lead to additional opportunities in the automotive sector. Because such statements deal with future
events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results,
performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
The
forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed
under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission
(“SEC”) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes
no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and
the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for
the contents of third party websites.
Investor
Relations Contact:
Miri
Segal-Scharia
CEO
MS-IR
LLC
msegal@ms-ir.com
917-607-8654
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