DealsMay 20, 2026, 08:48 AM
Foresight Secures $10.5M Potential Revenue Pipeline for ADAS in Japan
AI Summary
Foresight Autonomous Holdings Ltd. announced a Final Development and Commercialization Agreement with a Japanese in-vehicle AI device manufacturer and Cornes Technologies Limited. This agreement marks a move to serial production for Foresight's ScaleCam™ stereoscopic 3D perception software, expected to generate up to $10.5 million in potential revenue between 2027 and 2030 through a software licensing model for approximately 400,000 units. The solution targets Japanese fleets and consumers, with plans to expand to global OEMs. Additionally, Foresight recently entered a non-binding term sheet with VisionWave Holdings for a strategic investment and technology integration.
Key Highlights
- Signed Final Development and Commercialization Agreement with a Japanese in-vehicle AI device manufacturer and Cornes Technologies.
- Potential revenue of up to $10.5 million for Foresight expected between 2027 and 2030.
- Revenue based on a software licensing model for a forecasted demand of approximately 400,000 units.
- Foresight's ScaleCam™ 3D perception software will be integrated into the manufacturer's in-vehicle AI systems.
- Agreement includes design freeze and transfer to production, paving the way for serial production in early 2027.
- Joint solution targets fleets, consumers in Japan, and aims for integration with global OEMs and Tier 1s.
- Company recently announced a non-binding term sheet with VisionWave Holdings for a strategic investment of up to 51% for $17.5 million.
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