![]() ![]() The software will be used in military and security land vehicles, including unmanned vehicles. In June last year, Foresight reported a contract with Elbit Systems Land, a subsidiary of Elbit Systems for incorporating its image processing software into Elbit Systems Land products and marketing it around the world. Since the low in March, the share price has risen eight-fold. In mid-2017, Foresight's share price rose to NIS 8, giving it a market cap of over NIS 800 million at the time, following the acquisition of vision system company Mobileye by Intel for $15 billion, but from then until March this year the share price slid by more than 90%, as the company failed to sign substantial contracts with any of the leading auto manufacturers. ![]() The company became listed on the stock exchange in January 2016 when it merged into shell company Asia Development Ltd. It was founded in 2015 by its CEO Haim Siboni, who owns 13% of the company. On Nasdaq, Foresight's share price fell by 12.7% on Friday, but it has risen by 330% since the beginning of the month, to $5.02 (each share traded on Nasdaq is equivalent to five shares on the Tel Aviv Stock Exchange).įoresight Autonomous Holdings, through its subsidiary Foresight Automotive Ltd., develops computerized vision systems for road vehicles. Foresight, it should be emphasized, has no connection to te autonomous vehicle that Apple is developing. Psagot, Meitav Dash invest NIS 20m in Foresightįoresight's share price has shot up by 314% since the beginning of December, bringing the company to a market cap of NIS 865 million (NIS 3.08 per share), with strong encouragement from reports in the US on Apple's intention of starting to produce an autonomous electric car within three to four years. ![]()
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