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The insurance company linked Eye-Net and a leading Japanese dashcam company for technology integration and product validation
Ness Ziona, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. ("Eye-Net"), has signed a three-way agreement for a proof-of-concept (POC) project with leading Japanese technology and insurance companies to assess the integration benefits of Eye-Net's technology with dashboard cameras (dashcams) manufactured by the technology company. This strategic collaboration aims to empower drivers with tools that prevent accidents, to reduce insurance costs and to improve road safety.
The technology company plans to evaluate, and potentially integrate, Eye-Net's technology into its dashcams. By integrating Eye-Net's technology into dashcams, the dashcam manufacturer would be able to offer an enhanced range of features that can detect and address collisions occurring outside of the driver's line of sight.
Dashcams serve as unbiased observers, recording live footage of the road and anything that occurs within its field of view. This footage can be crucial in proving fault and preventing false claims in auto incident disputes and litigation. With clear videos, insurance companies have a greater capability to assess what happened in auto incidents, thereby ensuring a more efficient insurance claim process, less hassle and a more accurate calculation of any resulting settlement.
Looking ahead, insurance companies may potentially offer discounted premiums as an incentive for customers who use connected dashcams equipped with Eye-Net's advanced technology.
This innovative approach harnesses the power of connectivity to create a dynamic ecosystem where vehicle companies, technology, and insurance services reduce risks for drivers and enhance their confidence on the road.
For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company's LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release.
Posted In: FRSX
