FRSX Stock Increases Over 9% Pre-Market: Why It Happened

By Amit Chowdhry ● July 22, 2021
  • The stock price of Foresight Autonomous Holdings ADR (NASDAQ: FRSX) increased by over 9% pre-market. This is why it happened.

The stock price of Foresight Autonomous Holdings ADR (NASDAQ: FRSX) – an innovator in automotive vision systems – increased by over 9% pre-market. Investors are responding positively to Foresight Autonomous Holdings announcing that it has received a notice of allowance from the U.S. Patent and Trademark Office for its patent application (number 16/960,452) for the company’s “multi-spectral vehicular system for providing pre-collision alerts.”

And the patented technology involves a multi-spectral automotive vision system comprised of a pair of stereoscopic infrared sensors and a pair of stereoscopic visible-light sensors. This system includes a data fusion module that fuses received data from both infrared and visible-light channels to enable accurate obstacle detection and distance estimation. 

The fusion between the 2 stereoscopic channels also addresses corner-case scenarios, especially in harsh weather and lighting conditions while reducing false alerts. And the system’s automatic calibration module is designed to ensure that stereo cameras remain calibrated regardless of their configuration or position, in order to create accurate and continuous depth perception.

This patent serves as the underlying technology of the QuadSight automotive vision system, one of the company’s flagship products. And Foresight’s four-camera vision system offers exceptional obstacle detection capabilities for semi-autonomous and autonomous vehicles. Through sensor fusion, QuadSight leverages reflected light from visible-light cameras with thermal energy captured by long-wave infrared cameras for robust, accurate object detection of any shape, form or material, in all weather and lighting conditions – including complete darkness, rain, haze, fog and glare.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.