Foresight Autonomous Holdings Ltd. announced the signing of a multiphase business cooperation agreement with SUNWAY-AI Technology (Changzhou) Co. Ltd. ('SUNWAY'), a global Chinese manufacturer of autonomous and unmanned intelligent vehicle products. The first phase will consist of a proof of concept (POC) project in which SUNWAY will test the QuadSight(R) vision prototype system and evaluate Foresight's technology and its further potential integration into SUNWAY's products and services.

Upon successful evaluation, the parties intend to enter into a partnership agreement, including collaborative projects to develop and commercialize solutions focused on the Chinese agriculture and heavy machinery markets. SUNWAY designs and develops autonomous farms in China, among other projects, and intends to incorporate Foresight's stereo technology into its unmanned autonomous agricultural vehicles.