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: January 2024 (Report No.3)
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 January
25, 2024, titled “Foresight: Rail Vision’s Main Line System Secures EU Railway Standards Approval and Certifications.”
The
first, second, and fourth paragraphs and the paragraph titled “Forward-Looking Statements” contained in Exhibit 99.1 are
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which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.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:
January 25, 2024 |
By: |
/s/
Eli Yoresh |
|
Name:
|
Eli
Yoresh |
|
Title: |
Chief
Financial Officer |
Exhibit 99.1
Foresight:
Rail Vision’s Main Line System Secures EU Railway
Standards Approval and Certifications
Compliance
and homologation pave the way for rapid adoption of Rail Vision’s
Main Line system across the vast EU market
Ness
Ziona, Israel – January 25, 2024 – Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”),
an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision”)
has received formal certifications for critical European Union (EU) railway standards for its Main Line system. This is an important
achievement that underscores Rail Vision’s dedication to quality, safety, and innovation in the railway technology market. Foresight
owns 10.2% of Rail Vision’s outstanding share capital.
According
to the Association of the European Rail Supply Industry’s (UNIFE) World Rail Market study, the EU offers vast opportunities for
railway technologies and represents one of the largest markets for rail products and services globally. According to a 2022 research
by MarketsandMarkets, the global digital railway market size is expected to surpass $100 billion by 2027, growing at a compound annual
growth rate of 9.7%.
“Achieving
compliance with these EU standards marks a major milestone for Rail Vision and positions us ahead of the competition in the railway technology
market. ,” said Noam Shloper, Head of Quality and Reliability at Rail Vision. “Our team is driven by a commitment to support
product quality and safety above all else, and we’re pleased to complete this important milestone that sets the stage for accelerated
adoption of our Main Line system across the vast EU market.”
Rail
Vision’s Main Line system is now certified in compliance with European standard EN 50155, which sets the benchmark for hardware
equipment in railway applications, ensuring the robustness and reliability of rolling stock components. This compliance demonstrates
Rail Vision’s system’s ability to withstand the rigorous physical demands of railway operations. Additionally, the system
complies with European standard EN 50126, focusing on the specification and demonstration of reliability, availability, maintainability,
and safety (RAMS). This standard is crucial in the railway industry, as it guarantees that the system can be relied upon for consistent
performance and safety. Furthermore, Rail Vision’s system complies with European standard EN 50657 related to software on-board
rolling stock. This compliance ensures that the software integrated into the Rail Vision’s Main Line system meets the highest levels
of safety and functionality, crucial for the smooth operation of modern trains. The Main Line system also adheres to European standard
EN 45545 related to fire protection on railway vehicles.
About
Rail Vision Ltd.
Rail
Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed
cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways. The Company has developed
its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail
Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits
and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use
railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary
concept of autonomous trains into a practical reality. For more information, please visit https://www.railvision.io/
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 that the global digital railway market size is expected to surpass $100 billion by 2027 and that achieving compliance
with EU standards positions Rail Vision ahead of the competition in the railway technology market. 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
Foresight Autonomous (NASDAQ:FRSX)
Historical Stock Chart
From Apr 2024 to May 2024
Foresight Autonomous (NASDAQ:FRSX)
Historical Stock Chart
From May 2023 to May 2024