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Foresight Partners with One of the World’s Largest Industrial Equipment Manufacturers for POC Project

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a paid proof of concept (POC) project with the Chinese subsidiary of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment. Foresight was selected over other three-dimensional (3D) perception vision solutions due to its accurate and high-resolution point cloud and all object detection capabilities in harsh weather, environment and lighting conditions. A successful POC project may lead to the integration of Foresight's technology into the industrial equipment manufacturer’s construction and mining trucks. The industrial equipment manufacturer will evaluate Foresight’s technology to add 360° 3D perception capabilities to its mining and construction trucks, offering an alternative to its existing LiDAR sensors. Foresight’s QuadSight vision solution uses both visible-light and thermal cameras to deliver a comprehensive vision system capable of addressing the driving challenges in construction and mining settings. These challenges include off-road navigation, detection of non-classified objects in dusty surroundings and enabling safe driving in pitch-dark conditions. In addition, the industrial equipment manufacturer will evaluate Foresight’s DynamiCal ™ automatic calibration solution to enable continuous calibration of the cameras while its trucks encounter intense vibrations to ensure an accurate 3D image of the environment. “We are excited to extend our innovative stereo vision solutions to the construction and mining industry. By collaborating with one of the world's largest industrial equipment and heavy machinery manufacturers, we aim to enhance the safety, accuracy of object detection, and environmental awareness in their operations. This POC project reflects our dedication to delivering advanced automotive vision technologies across diverse sectors," said Haim Siboni, CEO of Foresight. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the POC, that it aims to enhance the safety, object detection accuracy, and environmental awareness in the industrial equipment manufacturer’s operations, and that the POC project reflects its dedication to delivering advanced automotive vision technologies across diverse sectors. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

August 11, 2023 08:20 AM Eastern Daylight Time

GoPro becomes the Official Action Camera Partner of Formula DRIFT

Formula DRIFT

The latest global brand to join the Formula DRIFT family is GoPro, maker of the world’s most versatile camera. This collaboration is the perfect synergy, bringing together the most extreme motorsports series with the best cameras to capture the action. “We’re extremely happy to welcome GoPro to the Formula DRIFT family,” said Ryan Sage, Formula DRIFT President. “Almost since our inception, GoPro cameras have been used to capture some of the most exciting action in our sport. So, we’re delighted to make this collaboration official and be able to capture and share even more of what makes Formula DRIFT unique.” Currently, the latest GoPro cameras, including HERO11 Black and the 360° GoPro MAX, are being used by the series to capture footage for its very popular and free-to-view event livestream. So, the next logical step was to create a dedicated new video series. Called GoPro Chase for the Championship, it commenced at the St Louis Round last month and will continue to the end of the season. Each episode will follow the top drivers chasing the championship title and will be filmed entirely on GoPro. The videos will air over the Formula DRIFT livestream on YouTube and appear on FD’s social media pages for each of the remaining rounds. The GoPro video series will explore how the leading drivers reached their position in the standings and the challenges they face. While GoPro Chase for the Championship will focus on the FD PRO teams, the partnership will also feature FD Experience Presented by GoPro. Hosted by a roaming reporter, the series will drop into FD PRO and PROSPEC competition to capture the action and personalities behind the scenes as well as the fan experience as both Championships ramp up to their Final Rounds. As an additional opportunity for fans, GoPro will attend one of the final rounds to share the latest GoPro technology with attendees, including hands-on workshops with the industry-leading HERO11 Black, plus the mobile-friendly GoPro Quik app, and GoPro Subscription ecosystem. Information about the specific round will be available shortly. NEXT ROUND Evergreen Speedway in Monroe, WA will host the Formula DRIFT PRO Championship Round 6 on August 11-12. Please visit formulad.com for the competition schedule, ticket information, driver profiles, special content, and the event livestream, which will include the new GoPro Chase for the Championship and FD Experience Presented by GoPro series. About GoPro, Inc. (NASDAQ: GPRO) Founded in 2002, GoPro helps the world to capture and share itself in immersive and exciting ways. For more information, visit GoPro.com. Open roles can be found on our careers page. Members of the press can access official logos and imagery on our press portal. GoPro customers can submit their photos and videos to GoPro Awards for an opportunity to be featured on GoPro's social channels and receive gear and cash awards. Connect with GoPro on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube, and GoPro's blog, The Current. GoPro, HERO and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries. ABOUT FORMULA DRIFT Formula DRIFT is recognized as the leading international drifting championship. Established on the streets of Japan, drifting has evolved into a worldwide competitive sport that challenges the driver's skill while demanding a great deal from their vehicle in terms of power and strength. Formula DRIFT provides a series for the best professional drifters from around the globe to compete for the coveted title of Formula DRIFT Champion. As the first official drifting series in North America, Formula DRIFT has taken competitive motorsports to the extreme, attracting drift fans and car enthusiasts from all walks of life, and established itself as the global leader for the sport. For a competition schedule, ticket information, special content and livestream, please visit formulad.com EDITOR’S NOTE The first GoPro Chase for the Championship can be viewed or shared here: youtube.com/watch?v=I2q_-X08XCw More images are available here: dropbox.com/scl/fo/d13m7atpaqtiup8juffnq/h?rlkey=vqnmf4p3g96emupnmc87tzyyk&dl=0 Contact Details Greg Emmerson greg@theidagency.com Company Website https://www.formulad.com

August 08, 2023 06:12 AM Pacific Daylight Time

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Ilika CEO says Cirtec deal an "absolutely fantastic validation"

Ilika PLC

Ilika PLC (AIM:IKA, OTCQX:ILIKF) CEO Graeme Purdy speaks to Thomas Warner from Proactive after announcing the signing of a 10-year agreement with US complex medical device company Cirtec Medical to provide Ilika's Stereax solid-state batteries. The deal establishes an exclusive relationship with Cirtech for the use of Stereax batteries in medical devices and features an initial period of profit sharing, later transitioning into a royalty on net sales, ensuring mutual benefit. He refers to the deal as an "absolutely fantastic verification and validation" of Ilika's business model. Purdy suggests that despite Stereax's potential suitability for use in sectors such as the Internet of Things, he's always been clear that the initial commercial focus for Ilika during Stereax's early life will be on medical devices. He also mentions what he calls exciting progress with the other side of the business, the much larger Goliath Electric Vehicle (EV) batteries, and signals more positive developments in the future. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 07, 2023 08:21 AM Eastern Daylight Time

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Saietta Group frees up funds ahead of light duty vehicle push

Saietta Group PLC

Saietta Group PLC (AIM:SED) executive chairman Tony Gott and group CFO Steve Harrison speak to Thomas Warner from Proactive about two significant recent developments at the electric drivetrain (eDrive) solutions company. Saietta recently announced changes to its agreement with auto component giants Consolidated Metco (ConMet) that mean Saietta will receive an "immediate cash injection of €3.3mln" and the removal of "around €2mln of cash burn..." in exchange for the assignment to ConMet of jointly-developed intellectual property, machinery and equipment related to the development of an in-wheel generator (IWG) and an in-wheel motor (IWM). Harrison says the money freed up will be put to use on the light-duty side of the business, where he sees excellent growth opportunities. He also says he remains confident that Saietta will meet its stated aim of being EBITDA positive in the first calendar quarter of 2024. Gott goes on to highlight news from the week prior that Saietta has signed a new agreement with a commercial partner, described as “one of the largest OEMs in the Indian light-duty mobility market”, which sets up an opportunity to distribute some 60,000 EV drive chain units over a potential 5-year period. The agreement covers an anticipated third line of electric vehicles with its existing Indian client, and, follows a previously announced client partnership, which was set up to support product development and industrialisation of electric vehicle (EV) drive systems and their associated electronics. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 07, 2023 08:07 AM Eastern Daylight Time

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News Release

Cepton discusses national security and cybersecurity concerns in LiDAR industry

Cepton Inc

Brunno Moretti, vice president of product at Cepton Inc, discusses the implications of potential action against Chinese LiDAR companies by Washington in an interview with Proactive's Stephen Gunnion. Moretti highlights two main concerns: national security and cybersecurity. LiDAR technology is crucial for creating high-definition maps around vehicles, but if parts are produced by state-backed entities from non-allied countries, there are risks related to data security and mapping sensitive areas. Moretti also emphasizes the importance of a level playing field in the LiDAR industry and the need to ensure fair competition by preventing state-subsidized companies from gaining an unfair advantage. Cepton is part of the LiDAR Coalition, which includes US and US ally-based companies aiming to raise these concerns with lawmakers. Moretti underlines the significance of this discussion, especially as LiDAR technology is just emerging in the automotive sector. He concludes by reaffirming Cepton's commitment to safety and consumer awareness regarding the technology embedded in their vehicles. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 03, 2023 02:08 PM Eastern Daylight Time

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Introducing The Aeromotive Group and its portfolio of leading Automotive Brands

The Aeromotive Group

Uniting nine automotive brands under one parent company, The Aeromotive Group represents some of the best American automotive innovation and tradition. The brands represented include the following: · Aeromotive Fuel Systems · PerTronix Ignition Products · Taylor Cable · JBA Performance Exhaust · Doug’s Headers · Patriot Exhaust · Waterman Racing Components · Compu-Fire · Spyke Among the brands, Aeromotive has been synonymous with innovation, passion and performance at the highest levels. As the Company embarks on the next chapter of growth, innovation and disruption, it felt natural to unite all the brands under the values that have driven Aeromotive for the past 30 years. Over the coming months, brands within The Aeromotive Group will launch new products that will debut to the industry and public at the 2023 SEMA and PRI shows and beyond. All new products are designed to provide racers and grassroots enthusiasts alike with rugged, dependable equipment to keep their vehicles running efficiently and in most cases with greater performance. “We’re putting a sharp focus on product innovation, branding and partnerships for the remainder of 2023 and moving forward,” said Laurent Potdevin, CEO, The Aeromotive Group. “All our effort is being directed to delivering what our customers want and have come to expect from our trusted brands.” As part of its wider activation plans, Aeromotive has been appointed the Official Fuel System for Roadkill Nights and is a partner of the RKN Direct Connection Grudge Match 2023. Not only will Aeromotive fuel systems be represented among the professionally built cars competing on the drag strip, but The Aeromotive Group is supplying parts to Grudge Match participants to help complete their project vehicles. “Roadkill Nights and the 2023 Direct Connection Grudge Match are the ideal platforms to showcase our market-leading fuel delivery systems as well as some of our JBA Performance Exhaust products,” said Sarah Lassek, Chief Brand Officer of The Aeromotive Group. “Many people have grown up using and trusting our brands and Grudge Match is the perfect way to demonstrate the power and performance available from Aeromotive fuel systems. We were delighted that the majority of teams in the competition decided to use our parts in their builds and we’re looking forward to seeing the final results on the big day.” Roadkill Nights takes place on Woodward Avenue in downtown Pontiac, MI on August 12, 2023. Tickets and information are available online here. ABOUT THE AEROMOTIVE GROUP The Aeromotive Group houses the automotive aftermarket’s top shelf manufacturers of performance products including Aeromotive Fuel Systems, Waterman Racing Components, PerTronix Ignition Products, Taylor Cable Products, JBA Performance Exhaust, Doug’s Headers, Patriot Exhaust, Compu-Fire performance products and Spyke motorcycle products. From hot rods to muscle cars, late-model cars, trucks, motorcycles and professional race teams, The Aeromotive Group’s industry savvy and product expertise provide spark, horsepower, sound, and unrivaled performance for enthusiasts of classic to modern vehicles. For more information please visit Aeromotiveinc.com and Pertronixbrands.com EDITOR’S NOTE More images are available here: dropbox.com/scl/fo/w982g92envg2qanxw06kz/h?rlkey=229e57jjkvnnhoeu34y2lh0cu&dl=0 Contact Details Greg Emmerson greg@theidagency.com Company Website http://pertronixbrands.com/

August 03, 2023 06:12 AM Pacific Daylight Time

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Saietta shares soar as it inks deal for third EV product line with Indian OEM partner

Saietta Group PLC

Saietta Group PLC, a leader in EV technology, announces a major partnership with one of India's largest OEMs in the light-duty mobility market. This collaboration could lead to the distribution of 60,000 EV drive chain units over five years, marking a significant step in the EV industry. The video sheds light on Saietta's ambitious plans for mass production, expected to commence in 2023, marking a pivotal moment in the company's journey towards establishing itself as a leader in the EV sector. Viewers will gain valuable insights into Saietta's proprietary Radial Flux Technology, a groundbreaking innovation that propels the efficiency and performance of their EV drive chain units to unprecedented levels. With the company's shares rising by 30% following the announcement, we explore what this means for the future of Saietta and the EV market in India. Tune in to learn more about Saietta's innovative Radial Flux Technology and their mission to have Saietta-powered lightweight electric vehicles on Indian roads by 2024. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

July 26, 2023 04:53 AM Eastern Daylight Time

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Triumphant Return: SERES 5 European Grand Tour Concludes on a High Note

SERES Motors

The first European Grand Tour for SERES, a leading power in China’s intelligent electric vehicle industry, has successfully wrapped up. Covering over 10,000 kilometers and 21 countries in a span of 23 days, the tour served as a comprehensive test for the company’s new energy strategy model, the SERES 5, evaluating its power, performance, safety, range, charging capabilities, driving control, and intelligence. With the goal of rigorously testing the car's capabilities and providing authentic user experiences, the SERES 5 embarked on its European Grand Tour from Amsterdam, Netherlands. Enduring diverse climates, with temperature variations of up to 25 degrees Celsius, and traversing nearly ten different road conditions, the tour passed through Norway, Germany, Italy, Spain, France, and 16 other European countries, before returning to the Netherlands. Throughout the journey, the SERES 5 Grand Tour fleet garnered significant attention from European consumers, with many expressing strong interest in the vehicle's performance. Local media in countries such as France, Italy, and Germany also conducted test drives, experiencing the unique smart driving features of Chinese new energy vehicles. The quality performance of the SERES 5 during its European Grand Tour exceeded expectations. It demonstrated remarkable endurance, traveling over 10,000 kilometers through challenging terrains like mud, snow, urban areas, and unrestricted highways. The vehicle's charging adaptability was also commendable, successfully utilizing 95% of Europe's charging facilities across the 21 countries visited, fully satisfying the travel needs of European users. Additionally, the driving experience was tailored to meet the preferences of individual drivers, providing them with a more enriching and enjoyable journey. Trond Sandven, the founder of Norwegian dealership Sandven AS, praised the SERES 5 as an outstanding vehicle, surpassing its European competitors in terms of performance. During the European Grand Tour, the SERES 5 achieved another milestone by completing the delivery ceremony to its first European customers, marking another successful step in SERES Motors' new energy international expansion. At the delivery ceremony, Andreas Bakkerud, SERES 5’s first owner in Norway and the celebrated rally driver and winner of the FIA European Rallycross Championship for two consecutive years in 2011 and 2012, expressed his high satisfaction with the vehicle's efficiency, superb handling on bumpy roads, and attractive balance between weight and power. He expressed a strong desire to own the car immediately after experiencing it. The vehicle's performance in track mode was also impressive, showcasing its ability to accelerate continuously 20 times without noticeable power decline. As a sporty and luxurious electric SUV, the SERES 5 has been well-received by European consumers since its debut at the Brussels Motor Show earlier in the year. Its distinctive appearance, cutting-edge design, premium materials, outstanding performance, and advanced intelligence have earned it a dedicated following in the European market. The European Grand Tour further reinforced the SERES 5's reputation for excellent adaptability, remarkable performance, driving comfort, and intelligent leadership across all the European countries it visited. Moving forward, SERES Motors remains committed to providing exceptional service to its users and supporting the growth of the European new energy automotive market. The company will continue to introduce various types of new energy vehicle products to overseas markets, delivering safer, more comfortable, and intelligent driving experiences for customers. For more information, please visit: http://www.global-seres.com/ https://www.facebook.com/seresmotor https://www.secure.instagram.com/seres.motor https://www.youtube.com/@seresmoto r For more about SERES 5 European Grand Tour, please visit: https://youtu.be/e2TlPii8Fx4 https://youtu.be/r8lxz5CJiHE https://youtu.be/5hiyrTaMfLI https://youtu.be/1G9q5ss1l-s https://youtu.be/Zo3KwTi2xXw https://youtu.be/dcgIHYNSqGw https://youtu.be/OJxDpd2w5BU https://youtu.be/zeMEX-deAyU Contact Details SERES Media Contacts: Song Sun +31 6 27050289 song.sun@global-seres.com Sabrina Wan +44 7762 856282 Sabrina.wan@dawnriderltd.com Company Website http://www.global-seres.com/

July 25, 2023 03:15 AM Eastern Daylight Time

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Embracing Train Travel in Europe This Summer

YourUpdateTV

This summer, Americans are flocking to Europe in record numbers and seeking out unforgettable travel experiences while there. But with inflation top of mind for many Americans, one of the easiest, most affordable and memorable ways to explore Europe is by rail. Recently, Lifestyle Expert Bethany Braun-Silva partnered with Trainline to discuss the top European destinations this year, travel tips, and the benefits of seeing Europe by train. A video accompanying this announcement is available at: https://youtu.be/n1B5FtEV8TE Europe is definitely a top destination for many travelers this summer, with demand even outpacing pre-pandemic levels. But prices for airfare have skyrocketed and many Americans find it difficult to drive in Europe – from navigating which side of the road to drive on to trying to read traffic signs in a different language. This has led many American travelers to look for easier and more affordable travel alternatives while abroad. Train travel has had a major boom in recent years and has become the go-to form of travel in Europe for Americans, with affordability, ease of travel and sustainability being the chief drivers – plus the views from the train are both breathtaking and unforgettable, while being a perfect option for families, solo travelers, business, or leisure trips. U.S. downloads for Trainline, the No. 1 train booking app in Europe, are up 108% this year, telling us travelers are eager to see Europe by train this summer. With Trainline, Americans can explore Europe from the palm of their hand – making it simple to book all your train travel needs. Plus, you can book your train travel through Trainline in English and pay in USD, so there is no need to worry about a language or currency barrier when traveling! Here are Bethany’s tips for navigating Europe by train this summer: Tip #1: Book in Advance - Train tickets in Europe are usually at their cheapest price when they first go on sale. Booking early will get you the best deal, or you can choose to get a ticket with the ultimate flexibility for those times when you might want to change your travel plans last minute. Tip #2: Travel Off-Peak – Most train tickets across Europe tend to be more expensive during morning and afternoon rush hour. If you can, be sure to look for tickets outside of these times to see if you can snap up a lower price. Tip #3: Don’t Skip Connecting Trains – While taking a connecting train might make some American travelers uncomfortable, don’t shy away from them. You may arrive at your destination a little later than high-speed or direct services, but for those with a little extra time on their hands it’s a great money-saver – and you get to see even more of Europe along the way! For more information, download the Trainline app or visit Trainline.com. About Bethany Braun-Silva Bethany Braun-Silva is the former editor at Parenting.com, one of the most trusted resources for parents online! Bethany has worked for Understood.org, Big Apple Parent Magazine, CafeMom, RedTri, Mommy Poppins, OK! Magazine, Hollywood Life and various other parenting publications. She can often be seen interviewing celebrity parents and of course at her local playground with her two boys. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 21, 2023 12:50 PM Eastern Daylight Time

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