StockWatch
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Computer Software: Prepackaged Software
PartnershipApr 29, 2026, 09:19 AM

FRSX Eye-Net signs LOI with Muntinlupa City for V2X pilot

AI Summary

Foresight Autonomous Holdings Ltd.'s subsidiary, Eye-Net Mobile, has entered a non-binding Letter of Intent (LOI) with the City of Muntinlupa, Philippines. The LOI outlines cooperation for smart urban mobility, collision prediction, and road user protection, with Muntinlupa serving as a testbed for Eye-Net's cellular-based vehicle-to-everything (V2X) technology. Following a live demonstration, a six-month pilot project will engage at least 8,000 road users. A successful pilot could lead to the integration of Eye-Net's SDK into a city mobile application, providing advanced collision-avoidance alerts and critical emergency services, marking an important expansion into Southeast Asia.

Key Highlights

  • Eye-Net Mobile, a Foresight subsidiary, signed a non-binding LOI with the City of Muntinlupa, Philippines.
  • The LOI outlines cooperation in smart urban mobility, collision prediction, and road user protection.
  • A six-month pilot project will engage at least 8,000 road users to test Eye-Net's V2X technology.
  • Successful pilot may lead to SDK integration into a city mobile application.
  • Integration aims to provide collision-avoidance alerts and critical emergency services.
  • This marks Eye-Net's expansion into smart-city applications in Southeast Asia.