You are on page 1of 1

Foresight and Safe-T to Establish Vehicle CyberSecurity Joint Venture

NESS ZIONA, April 25,2017- ForesightAutonomous Holdings (TASE: FRST), a leading


developer of advanced systems forroad traffic accident prevention, announcedtoday
the formation of a joint cybersecurity company dedicated to trainand automotive safety, in
collaboration with securityinformation company Safe-T Data and other parties.

The companies are joined by the developer of train safety andaccident prevention
technologies; Rail Vision, a private Israeli company inwhich Foresight is a shareholder; and
the Shrem-Zilberman group.

Under the joint company agreement, which allocates ownership stakesto each party, Safe-T
Data will grant a license for its secure data access (SDA)product and provide technical
support and development services to adapt itsproducts to the automotive industry.

Foresight and Rail Vision will harness their expertise in theautonomous vehicle and train
fields, respectively, and provide sales,consulting and additional business services. When
the mentioned agreements arefinalized, the Shrem-Zilberman group will provide the initial
capital required toestablish the joint company. It will also act to further raise funds as needed.

About Foresight
Foresight (TASE: FRST), founded in 2015, is atechnology company engaged in the design,
development and commercialization of3D multi-camera-based Advanced Driver Assistance
Systems (“ADAS”). Foresightwas established to further develop advanced technology
originally developed byMagna B.S.P. for the vehicle industry, for use in accident prevention
systems.The Company, through its subsidiary, develops advanced systems for
accidentprevention, which are designed to provide real-time information about a
movingvehicle's surroundings. These systems, based on 3D technology,
advancedalgorithms and artificial intelligence, will revolutionize ADAS by providing
anautomotive grade, cost-effective platform, enabling highly accurate andreliable detection
while ensuring the lowest rates of false alerts.

About Safe-T Data


Safe-T Data (TASE: SAFE) based in Stamford, Conn., is a provider ofsolutions designed to
mitigate attacks on business-critical services and datafor a wide range of industries,
including: financial, healthcare, and government.Its High-risk Data Security (HDS) Solution
mitigates data threats:un-authorized access to data, services, networks, or APIs; as well as
datarelated threats, including data exfiltration, leakage, malware, ransomware, andfraud. Its
products are scaled to allow the transmission of Data Safe, ProtectUsers and Business
while driving Agility across Global Ecosystems.

CONTACT INVESTOR RELATIONS:


Miri Segal-Scharia
CEO
MS-IR LLC
917-607-8654

You might also like