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NEW YORK, May 11, 2021 /PRNewswire/ Pomerantz LLP is investigating claims on behalf of investors of Foresight Autonomous Holdings Ltd. ( Foresight or the Company ) (NASDAQ: FRSX). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Foresight and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 28, 2021, short seller Fuzzy Panda Research ( Fuzzy Panda ) issued a report entitled Foresight Autonomous (FRSX): A Minefield of Criminals, Self-dealing, Fake Sales, and Old Technology. The Fuzzy Panda report describes Foresight Autonomous as an aggressive stock promotion where insiders are siphoning cash to entities they control. The report further alleges that [a]fter examining the full cast of characters at Foresight, we discovered connections to accused money launderer
Foresight: Rail Vision Signs Agreement to Supply a Prototype to Rio Tinto Railway Network
Rio Tinto’s automated AutoHaul
® long-distance rail network to harness Rail Vision collision-avoidance technology
NESS ZIONA, Israel (BUSINESS WIRE) $FRSX Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd., signed an agreement with Hitachi Rail STS Australia Pty Ltd. to supply equipment, services and personnel to the Australian rail company Rio Tinto Railway Network. According to the agreement, Hitachi Rail STS, the project integrator, will provide Rio Tinto with a prototype of Rail Vision’s Collision Avoidance System to undergo demonstration and feasibility testing for a proof-of-concept project. Revenue from the project is expected to total $265,000, with an option for Rail Vision to furnish additional services for $133,000. Foresight owns 19.36% of Rail Vision’s outstanding share
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Foresight: Eye-Net Partners With WebSIA for Exclusive Distribution in Sao Paulo, Brazil apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.