FORESIGHT AUTOMOTIVE...Financials 4 Dec 2018 4 *As of November 29, 2018 **As of September 30, 2018...
Transcript of FORESIGHT AUTOMOTIVE...Financials 4 Dec 2018 4 *As of November 29, 2018 **As of September 30, 2018...
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FORESIGHT AUTOMOTIVE
“Seeing Your Safety First”
NASDAQ/TASE: FRSX
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Forward-Looking Statement
Dec 2018
This presentation of Foresight Autonomous Holdings Ltd. (the “Company”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other 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 presentation when it discusses the potential of its products.
Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”) including, but not limited to, the risks detailed in the Company’s registration statement on Form 20-F, filed with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.
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Structure
Foresight Autonomous Holdings (FRSX)
100% 35.91%
27.2% 72.8%Magna BSP Public Float
❖ Foresight develops advanced
accident prevention systems
Rail Vision
100%
❖ 4G/5G Cellular-Based
V2X System
❖ Rail Vision develops advanced
systems for railway safety,
security and maintenance
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Financials
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*As of November 29, 2018**As of September 30, 2018
NASDAQ/TASE FRSXMarket Cap$58 million*
Shares Outstanding132 million shares26.4 million ADR
Cash**$19.3 million
GAAP Shareholders’Equity**$32.8 million
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About Foresight
• Founded July 2015
• Launched as a spinoff from Magna BSP – “Military Grade” technology
• Engaged in the design and development of unique collision prevention systems
• Trading on TASE, NASDAQ (FRSX), Raised USD 50M
• $65 Million market cap as of Nov 2018 (6 month Avg. volume = 40K ADR, USD 3.00)
• Investors –
✓ Israel’s vehicle importers - Citroen and Peugeot | GM, Chevrolet, Cadillac, Isuzu | others
✓ Israeli Institutional investors – Harel Insurance, Meitav Dash and others
• 60 employees, majority in R&D
• Extensive R&D efforts in order to complete development and transfer to production
• Targeting automotive standards processing platforms
Ab
ou
tFin
ancial
Status
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Magna BSP
Detection & Tracking in zero visibility
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Semi-Autonomous / Autonomous - Challenges
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Autonomous vehicles are required to operate in challenging conditions
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Main Challenges
Industry Challenges
Autonomous driving in extreme weather and lighting conditions
Autonomous vehicles’ decision making is only as good as its sensors
Consumer Challenges
Consumers Fear Technology Failures with Autonomous Vehicles
Good enough is not good enough
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AUTOMOTIVE VISION, PERFECTED.
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QuadSight™
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Quad-camera sensor that
detects any type of obstacle,
under all weather conditions
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QuadSight™ Technology
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Fusion of stereo visible and stereo thermal imaging
Advanced algorithms for 3D image analysis
Detection by first frame (NO classification needed)
Passive sensor, free of mutual interference
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QuadSight™ Performance
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Small obstacle in complete darkness
A construction brick on the road in complete darkness: undetectable by visible camera and detected on time by thermal camera
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Harsh Weather and lighting conditions.Thermal camera is not blinded and is able to detect the obstacle.
Dec 2018
QuadSight™ Performance
Night, Glare and Rain – Man on the driveway
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QuadSight™ Performance
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Vehicle merging on the leftThe merging vehicle was detected ahead of time before it merged completely into the lane
Vehicle detected while it is still merging into the lane
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QuadSight™ Vs. Alternatives
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QuadSight™ Vs. Alternatives
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Daylight camera totally blinded by headlight beams of the oncoming vehicle and by rain
No effect of glare on LiDAR
Rain drops are “seen” by LiDAR and require filtering by algorithm
Thermal camera completely unaffected by glare nor by rain drops
Daylight camera Thermal camera LiDAR
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Evaluation Kits Verticals
OEM’s
Electrical
Trucks
Tier 1’s
Dec 2018
Evaluation Kit Verticals
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From Evaluation Kit to Commercial Product
“Up-to-specs” kit purpose:
Evaluate specs
Receive detailed specifications for integrated product
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Awards – Industry Recognition
CES Innovation Award (2019) TechCode Award (New Mobility World 2018)
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CES 2019
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Summary
Leading development house of safety automotive vision systems
Engaging automotive industry with QuadSight™
Detecting any obstacle in all weather for safer autonomous vehicles
Strong balance sheet
Raised over $12 million from strategic Israeli investors
Foresight is positioned to play a major role in the future of the automotive industry
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