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Foresight and Tata Elxsi Partner in New Agreement
- IntentTech Insights Staff Writer |
- October, 2024
Foresight Autonomous Holdings Ltd. an innovator in automotive vision systems, announced the signing of multi-phase collaboration agreement with Tata Elxsi Limited (“Tata Elxsi”), a leading global tier-one supplier of design and technology services, providing solutions across various industries, including the automotive, broadcast, communications, healthcare, and transportation industries.
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The initial phase will include the development and commercialization of advanced solutions for advanced driver assistance systems (ADAS). These will be integrated into passenger vehicles, heavy machinery and agricultural vehicles manufactured by Tata Motors. Building on the success of the ADAS implementations, the parties will continue to develop and commercialize advanced services for semi and fully autonomous features to be integrated into various applications within the automotive industry.
Tata Elxsi will introduce and promote Foresight’s 3D perception solutions to its diverse customer base, starting with the Indian automotive industry, and subsequently targeting global automotive vehicle manufacturers. Furthermore, during the first half of 2025, Tata Elxsi plans to promote Foresight’s solutions to its existing customers in the heavy machinery and agriculture sectors.
Foresight’s 3D perception solutions are based on stereoscopic technology, using both visible-light and thermal infrared cameras, and proprietary algorithms to detect all objects and create high resolution 3D point clouds.
“We are excited to collaborate with Tata Elxsi to bring our advanced 3D perception technology to the Indian automotive industry. We believe that this collaboration will help us expand our footprint in the emerging Indian market, including in autonomous passenger vehicles, heavy machinery and agricultural equipment, thereby leading to safer and more efficient transportation options across India,” said Oren Bar-On, Chief Executive Officer of Foresight Asia.
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