Shandong Research Institute, Beidou Tech and Foresight will collaborate on obstacle detection and intelligent navigation based on multi-sensor fusion

NESS ZIONA, ISRAEL – News Direct – 12 July 2022 – Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a memorandum of understanding (MOU) with Shandong Industry Research Information and Artificial Intelligence Integration Research Institute Co., Ltd (“Shandong Research Institute”), a professional research institute wholly owned by Shandong Industrial Technology Research Institute, and Beidou Jingzong Technology (Shandong) Co., Ltd (“Beidou Tech”), a company mainly engaged in the research of high-precision seamless positioning, real-time accurate regeneration of scene targets, and control of scene target position.

The MOU establishes the joint development of an obstacle detection system and all-weather, high-precision positioning for unmanned vehicles based on multi-sensor fusion. The new system will combine Foresight’s stereoscopic technology (using both visible light and thermal cameras), radar, and the laser scanning technology LiDAR, as well as Beidou Tech’s vehicle navigation and positioning system. The collaboratively produced system will aim to provide vehicle manufacturers with multi-sensor intelligent navigation to deploy in smart transportation, active safety automotive systems, and unmanned driving. The resulting system is intended for use in autonomous vehicles, trucks, passenger cars, and other vehicles in Shandong Province, China.

Furthermore, the Chinese parties applied for the endorsement and financial support of the province to underwrite and otherwise advance the project. Meanwhile, the parties intend to negotiate a definitive agreement to develop the above-mentioned system and to establish a joint venture in Shandong.

This MOU follows several projects in China reported by Foresight over the past year and supports the Company’s strategy to expand its presence in China and become a dominant player in the Asia-Pacific automotive market.

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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 proposed joint development of an obstacle detection system and all-weather high-precision positioning for unmanned vehicles based on multi-sensor fusion, the intended design of the system and that the system is intended for integration into autonomous vehicles, trucks, passenger cars, and other vehicles in Shandong Province, China, that the Chinese parties will apply for financial support of the province of Shandong to finance and otherwise advance the joint development and that the parties intend to negotiate a definitive agreement to develop the above-mentioned system and intend to establish a joint venture in Shandong. 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 filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, 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.

SINGAPORE – Media OutReach – 11 July 2022 – Bybit, one of the world’s fastest-growing crypto exchanges, will list SLG, the governance token of Land of Conquest, on Bybit Launchpad 2.0.

Land of Conquest is an upcoming play-to-earn Massive Multiplayer Online Simulated Life Game (MMOSLG) developed by a team with over ten years of game development experience. Thousands of players will interact and play the game together in a variety of semi-realistic ways as an MMO simulated life game. The game takes place in an apocalyptic wasteland where players can build their own bases, produce goods, train heroes, and battle other players’ characters as well as hostile NPCs. SLG, the game’s native token, can be obtained through in-game and on-chain transactions.

Bybit will host the initial exchange offering for SLG, which will be available on the Bybit Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for July 19.

SLG joins a list of web3 initiatives debuting on Bybit’s intuitive platform for promising crypto projects. Bybit Launchpad 2.0 gives users early access to some of the most sought-after tokens in the space. Bybit users can commit BIT to subscribe to token allocations, or participate in Launchpad 2.0’s new lottery model where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. Users can also buy the best performing tokens from previous listings via the Launchpad.

Lead investors in Land of Conquest include Mirana Ventures, PopFun, CCV, C2, and New Start Ventures. The game is expected to launch in the fourth quarter of 2022 while the native token, SLG, will debut exclusively on Bybit.

The Bybit NFT Marketplace will also collaborate with Land of Conquest to launch its first NFT mystery box on July 15. NFTs play an important part in Land of Conquest, being used to represent multiple important in-game assets including land, heroes, and mechs, which provide bonuses used to strengthen the players’ fortresses.

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

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HONG KONG SAR – Media OutReach – 11 July 2022 – Sports are not only an essential aspect of public health, they also represent a huge industry. As technology has become indispensable in our daily lives and has been applied to professional athletic training, daily fitness and leisure, and even education, SportsTech’s market potential is huge. The global SportsTech market size was estimated at USD 16.17 billion in 2022 and is projected to grow at a compound annual growth rate of 17.8% to reach USD 36.81 billion by 2027. Cyberport‘s community start-ups have developed a variety of SportsTech solutions, ranging from training designed to enhance professional athletes’ skills and physical conditioning to fitness and leisure for the general public. Some top athletes also use their knowledge and experience to develop solutions that promote the popularisation of sports.

Eric Chan, Chief Public Mission Officer of Cyberport, said, “Sports require fitness, stamina, skills, and teamwork. With the help of advanced technologies such as artificial intelligence, big data, virtual reality, and the Internet of Things, professional athletes’ peak performance will be further enhanced and sports professionalisation will grow. On the other hand, SportsTech can help create a sports-for-all atmosphere as it enables the public to more easily enjoy exercise. Cyberport start-ups provide SportsTech solutions that satisfy diverse customer needs, and quite a few start-ups offer technologies that can be further developed into SportsTech. With the government’s strong support for local sports development and promotion of sports industrialisation, coupled with the support of sports technology research funds, we believe significant business opportunities will be opened up for I&T enterprises.”

Big data + research can boost professional athletes’ performance
Big data analysis is the key to effectively improving athletes’ performance and increasing their odds in competitions. Athleta Pro, one of Cyberport’s start-ups, has collaborated with a local university to develop an athlete management system. By collecting and analysing data about football players’ performance, such as the time it takes them to complete a particular training objective, coaches are able to comprehensively monitor their players’ physical and technical performance. They can identify athletes’ strengths and weaknesses and develop personalised training and competition strategies. The system can also be tweaked to meet the training needs of various sports.

A Champs, another start-up rooted in Cyberport, has developed an interactive sports device. With the help of the application, football coaches can select a training mode designed by the start-up’s professional team, within which coloured lights and sounds remind players to dribble a soccer ball and train their reaction and speed. The device will record players’ response data and, through big data analysis, the coach can design more precise drills based on each athlete’s performance.

Exercise videos allow users to practice anytime
During the pandemic, people turned to exercising at home. SportsTech can make home exercise more appealing. Pakhung Cheung, the world jump rope individual champion, has developed a rope skipping application named ROJU. It offers more than 200 videos with different levels of difficulty according to world competition standards, allowing users to practice at any time according to their goals. The system is going to launch a rope skipping recognition function, and users can upload their skipping for the ROJU professional team’s evaluation. Users will discover whether their movements meet world standards and will be motivated to practice.

Smart devices create new virtual sports experiences
New smart devices allow users to enjoy a wide range of sports without geographical restrictions. Asia Motion E-Sports utilises augmented/virtual reality (AR/VR) technology to bring users an immersive experience of virtual sports such as skiing, horse racing and canoeing. Users can experience these sports in a safe environment through smart devices, while saving travelling time. The start-up also incorporates elements of competition in order to increase the excitement.

Another Cyberport start-up, Master Snooker Kingdom, was founded by the world’s top British snooker player, Marco Fu. The start-up provides children with quality snooker training as well as STEM knowledge: they can both learn British snooker skills and understand the physics behind them. Projectors and motion sensors can be added to project the best hitting position on the billiard table, which will help analyse students’ performance and further equip them to become “masters of snooker”.

Platforms connect sports lovers worldwide to share the joy of competition
Sports can gather a group of enthusiasts to share the joy of exercising together. The start-up Joint Concept Dynamic has set up an online running platform, Run2gather. Runners can enjoy competing with other runners, regardless of time zone and region, by simply uploading their records through the platform or application. The platform also holds special themed events from time to time, which aim to attract more people to join the sport’s community.

Multiple start-ups within the Cyberport community also provide SportsTech solutions. If members of the press wish to learn more about them, please get in touch with Cyberport’s Marketing Communications Team.

Hashtag: #Cyberport

About Cyberport

Cyberport is an innovative digital community with over 1,800 members including over 800 on-site and 900 off-site start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology, thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital transformation in public and private sectors.

For more information, please visit www.cyberport.hk