Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced that its wholly-owned subsidiary, Eye-Net Mobile Ltd., has signed a collaboration agreement with NoTraffic Ltd. NoTraffic developed a novel and proprietary Autonomous Traffic Management Platform solution that solves today’s traffic challenges while unlocking mobility benefits for traffic agencies. The platform enables cities for the first time to intelligently implement their traffic policy in a seamless way and operate autonomously in order to maximize traffic flow, reduce congestion, prioritize different types of vehicles, and prevent accidents.
According to the agreement, the companies will collaborate to develop and optimize the technological abilities of Eye-Net Mobile’s cellular-based V2X accident prevention solution and NoTraffic’s intelligent traffic management solution. Following the completion of joint development, the companies will promote the integration and commercialization of the combined solution with various municipalities in North America and throughout the world. The commercialization terms and conditions will be agreed upon in the future. Eye-Net Mobile and NoTraffic successfully collaborated in June 2018 in a trial with the city of Ashdod, Israel, which demonstrated Eye-Net Mobile’s innovative technologies and created a reliable communication channel between road users and NoTraffic’s smart infrastructure. During the trial, NoTraffic’s intelligent traffic light sent alerts to connected Eye-Net road users about cars running red lights, successfully preventing potential collisions.