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Manufacturing Technology Insights | Friday, January 25, 2019
Foresight Autonomous Holdings Ltd., rely on stereoscopic imaging technology which utilizes the concept of image processing with two synchronized cameras to imitate human depth and obtain 3D views. Unique solutions from Foresight create and analyze a unique 3D image to predict potential collisions with vehicles, pedestrians, bikers, and other obstacles while also providing highly accurate real-time with minimum false alerts. Foresight uses two-camera design (visible conditions of light) or a four-camera layout (24/7, all conditions of weather and lighting) to provide a full 3D picture of the driving environment. The powerful and advanced proprietary stereoscope technology from is derived from the proven security technology from its major shareholder Magna B.S.P., which has almost two decades in use around the world and is IP patent-protected.
Foresight recently announced that it would sign with RH Electrics Ltd, a primary contractor in the manufacture and assembly of electronic systems, a non-binding development and investment agreement. This agreement covers the terms of RH’s commitment to a multi-phase FPGA and ASIC-based solution developed for QuadSightTM, Foresight's four-camera vision system, directly through its approved contractor Tonson Labs. In addition, under the definitive binding agreement, RH plans to buy from Foresight about one percent of its issued and outstanding share capital, for a total amount of NIS 3,700,000 or NIS 3.00 per ordinary share and an 89 percent premium on the share price.
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By providing a market that connects OEMs, CMs, and franchises distributors to assigned, discontinued, challenging to find, provisioned, and obsolete materials, RH Electronics has now become the world’s leading supplier of electronic components and peripherals for all manufacturing products. RH Electronics offers high-quality electronic components at competitive rates, excellent customer service, and rapid delivery, and also value-added services, to achieve a competitive advantage. By taking advantage of their global presence, RH Electronics customers benefit from the world market. Price differences in various countries are not unusual, ranging from 20 to 50 percent. The company has access from its customers worldwide to overview materials. This excess stock is generally the result of erroneous purchases and offers the chance to profit from significantly reduced material costs. While the requested components cannot be supplied from RH Electronics Inc., its own inventory, it starts the global process of procurement by inspecting for a high success rate of all the authorized distributors of the desired manufacturer.
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