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: July 2024
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 July
8, 2024, titled “Foresight to Supply Advanced Systems for SUNWAY-AI’s Autonomous Logistics Vehicles.”
The
first two paragraphs and the section titled “Forward-Looking Statements” in the press release are incorporated by reference
into the Registrant’s Registration Statements on Form F-3 (File No. 333-276709) 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to the extent not superseded by documents or reports subsequently filed or furnished.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:
July 8, 2024 |
By: |
/s/
Eli Yoresh |
|
Name:
|
Eli
Yoresh |
|
Title: |
Chief
Financial Officer |
Exhibit 99.1
Foresight
to Supply Advanced Systems for SUNWAY-AI’s Autonomous Logistics Vehicles
Foresight’s
3D perception systems will be integrated into SUNAWAY’s autonomous logistics and robotic vehicles
Ness
Ziona, Israel – July 8, 2024 - Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”),
an innovator in automotive vision systems, announced today the signing of an amendment to an existing agreement with SUNWAY-AI Technology
(Changzhou) Co., Ltd. (“SUNWAY”), a Chinese manufacturer of autonomous and unmanned intelligent vehicle solutions. As per
the amendment, the Company’s ScaleCam™, a cutting-edge stereoscopic vision system, will be incorporated into SUNWAY’s
innovative line of autonomous logistics and robotic vehicles.
This
amendment to the joint development and supply agreement signed with SUNWAY, as announced by the Company on November 16, 2022, states
that Foresight will initially equip SUNWAY’S unmanned warehouse and materials handling vehicles, autonomous coffee machine carts
and wireless charging robotic vehicles with its advanced 3D perception systems to enable autonomous capabilities for both indoor and
outdoor operations. This integration will enable SUNAWAY’s unmanned logistics and robotic vehicles to navigate complex environments seamlessly,
enhancing the efficiency and safety of logistical operations across a wide range of industries and applications. If SUNWAY approves Foresight’s
ScaleCam solution, customized to their specific requirements, Foresight is expected to supply the first batch of ScaleCam systems by
the end of 2024.
The
2022 Agility Emerging Markets Logistics Index ranks China as the leading global logistics market, based on logistics opportunities and
business fundamentals. This success is largely attributed to China’s robust logistics infrastructure, including an extensive network
of warehouses and storage facilities, coupled with advanced IT services. In addition, according to a 2023 study by Modor Intelligence,
the China automotive logistics market size is estimated to be USD $52.58 billion in 2024, and is expected to reach USD $70.22 billion
by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).
About
SUNWAY-AI Technology
Sunway-AI
Technology (Changzhou) Co., Ltd. focuses on research and development, design, manufacturing and sales of intelligent vehicle technology
and products. The company’s employees include technicians from the Institute of automation of the Chinese Academy of Sciences, Tsinghua
Automobile Research Institute, BAIC and China automobile. SUNWAY’s technologies and products can be applied to autonomous vehicles,
unmanned logistics and transportation vehicles and unmanned commercial vehicles. Commercial cooperation to date includes well-known domestic
enterprises such as XCMG group, Liugong group and Shenzhen airport.
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 conditions and contingencies in the amendment to this agreement, the belief that this integration will enable SUNAWAY’s
unarmed logistics and robotic vehicles to navigate complex environments seamlessly, and that if the ScaleCam solution is adopted, the
Company expects it will supply the first batch of ScaleCam systems by the end of 2024. 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 for the fiscal year ended December 31, 2023 filed
with the Securities and Exchange Commission (“SEC”) on March 27, 2024, 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 Sep 2024 to Oct 2024
Foresight Autonomous (NASDAQ:FRSX)
Historical Stock Chart
From Oct 2023 to Oct 2024