News Hub | News Direct

Foresight Signs MOU with South Korean Tier One Supplier KONEC for Cooperation in ADAS and Autonomous Driving Solutions

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today its entry into the growing South Korean automotive market by signing a memorandum of understanding (MOU) for cooperation with KONEC Co. Ltd. (“KONEC”), a leading Tier One automotive supplier. The two companies signed the MOU in order to collaborate on developing advanced driver assistance systems (ADAS) and autonomous driving solutions, expanding KONEC’s product offering to global customers including Hyundai, Tesla and Magna. The collaboration was facilitated by KIM Venturous. Additionally, Foresight showcased its 3D perception solutions at NextRise 2023, Seoul, the largest startup fair in South Korea. Foresight was part of the Israel-South Korea delegation, led by the Israeli Minister of Foreign Affairs and the South Korean Minister of Trade, Industry and Energy, respectively. The Company's cutting-edge solutions generated great interest from South Korean companies who were part of the delegation. "I was impressed with Foresight's multi-spectral vision software solutions introduced for autonomous driving and accident prevention technology," said Kwang Pyo Lee, vice president of KONEC. "As the automotive paradigm shifts, mobility is becoming defined by software-driven electronic devices. Cooperation with Foresight represents a collaboration between Korean hardware technology and Israeli software technology, and we are looking forward to creating value for the future of mobility," Mr. Lee concluded. "We are thrilled by the positive response our technology received in South Korea," said Haim Siboni, CEO of Foresight. "Cooperating with KONEC and entering the South Korean automotive market are significant milestones for Foresight, and we look forward to establishing long-lasting partnerships and contributing to the advancement of automotive vision systems in South Korea." About KONEC KONEC is a technology company that manufactures automobile parts for eco-friendly vehicles using a high-pressure die-casting process. KONEC has established a batch production system for lightweight metal raw materials, molds, castings, processing, and assembly through cooperation among its group affiliates. Major customers include Tesla, Hyundai Motor, and Kia. In addition to the existing business scope of lightweight metal body, chassis, and body parts, KONEC is venturing into new industries in line with the electrification of mobility and software advancements. KONEC has entered the field of information processing technology using cameras, such as developing a license plate recognition system through collaboration with companies that have commercialized semiconductor SoCs and modules for IoT wireless communication. 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 its collaboration with KONEC, including the development of ADAS and autonomous driving solutions, the potential advantages and benefits of its software solutions, creating value for future mobility, and its intention to establish long-lasting partnerships and contribute to the advancement of automotive vision systems in South Korea. 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/

June 13, 2023 08:10 AM Eastern Daylight Time

INDUSTRY LEADERS JOIN FORCES TO LAUNCH PROFESSIONAL DELIVERY PROVIDERS

Professional Delivery Providers

Professional Delivery Providers (PDP), a platform company stood up by the best-of-the-best in heavy goods, last mile delivery and installation industries, announced today it is now serving customers coast-to-coast. Headquartered in Atlanta, the PDP team is led by Chairman and CEO Karl Meyer, who is renowned for his leadership and success. “With PDP, we’ve brought together some incredible minds who saw an opportunity to elevate the way we handle our customers’ delivery needs and to improve performance results across the board,” Meyer said. “We’re fortunate to bring on some of our legacy clients and know our hard work and determination will set PDP up for rapid domination in the market.” With more than 150 years of experience spanning PDP’s Executive Team, Meyer says they know what works well in the last mile space. Already in operation in more than a dozen markets, PDP offers two-man box truck and flatbed services, with Rapid Response Teams on standby to travel as needed. In the short-term, PDP is focused on customer and revenue diversification as it works to grow its portfolio. A minority equity raise is also underway to help set PDP up for continued success in the long run. “Taking care of our customers is our biggest priority and what sets PDP apart,” Meyer said. “It empowers our employees to do the best job possible, and when that happens everything else falls into place.” To learn more about PDP and how they help organizations handle all shipping and logistics needs to meet business goals, visit: www.1pdp.com. About Professional Delivery Providers Professional Delivery Providers (PDP) is a last-mile logistics company that provides customized solutions based on specific customer challenges. Based in Atlanta, PDP uses the latest technology, analytics and automation tools to make efficient deliveries and keep customers satisfied. To get in touch, visit www.1pdp.com. Contact Details Professional Delivery Providers Meredith Strassle +1 816-835-5578 meredith.strassle@gmail.com

June 13, 2023 07:00 AM Eastern Daylight Time

Minuteman Press in Nashville, TN Completes Exterior Full-Wrap Rebranding of the Iconic Grand Ole Opry House Music Venue

Minuteman Press International Inc

NASHVILLE, Tenn. – The Grand Ole Opry House, owned by Ryman Hospitality Partners, is one of the most legendary music venues in the USA. Thanks to Minuteman Press franchise owner John Taylor and his team at Minuteman Press in Nashville, the face of the Grand Ole Opry House now looks as good on the outside as the music sounds on the inside. What started out as a sales call and business cards order ten years ago has evolved into a trusted branding partnership between Minuteman Press in Nashville and Ryman Hospitality, and the result of that partnership includes incredible projects like this one – the full-wrap exterior rebranding of the Grand Ole Opry House. Minuteman Press in Nashville is located at 415 Spence Lane, Nashville, TN 37210. John Taylor has owned the business since January of 2014 and is a member of the President’s Club for top performers across the Minuteman Press franchise system. John shares key details on working to complete this huge project on such an iconic venue. How did the project with the Grand Ole Opry come about? John Taylor: “We acquired them as a client about ten years ago. It originated with a sales call at the original The Ryman Auditorium, in downtown Nashville. The first order was a few sets of business cards. Their parent company is Ryman Hospitality. Working inward through the marketing department at Ryman Hospitality, a relationship developed. They have a lot of printers, but we stayed in touch, cross-selling where possible. Ultimately, we set them up on an online portal ordering system for their printed collateral and admin items for their various brands. We make it a habit to deliver all prospects our "Portfolio Thumb-drive". It is branded Minuteman Press and goes to them pre-loaded with our most impressive projects in categorized folders. That led to us becoming one of their trusted branding partners, I would like to say their preferred branding partner. We've done projects from Nashville to New York City for them as they open new venues.” What specifically did you do for this project? John Taylor: “We have done multiple projects at the Grand Ole Opry House. Regarding this project: It is an extraordinary surface, in that it is stamped concrete. It is made to look like a ‘rough-cut cedar’ wooden surface, with deep woodgrain and over a half-inch depth difference between the faux planks. There are two installation processes in this type of project. One is to install and register the panels together (58" wide panels). The second process is to heat and press the vinyl into the grain and contours with a heat gun/torch and foam hand roller, roughly 4" at a time. We measured, scaled and templated the whole project. We printed the vinyl on an HP 360 Latex printer, then laminated the vinyl on a GBC roll laminator (3M IJ-480 Vinyl with 3M 8520 Matte Overlaminate). We used our 55' boom truck and a rented 45' boom lift to install. The first team and truck would hang and register the vinyl. The second lift would have a heat gun, a torch, and roller to get into the grain, and a single installer with very tired arms. We blocked off an area to work every morning so tours could still safely operate every 30-60 minutes. We installed in close coordination with the security team every day and evening to avoid periodic live shows in the evenings altogether." What was the timetable / what did it take to complete the project? John Taylor: “The exterior, as all large branding projects do, began with an intense set of measurements and a write-up of all inclusions and challenges with the surface(s). We then created an Illustrator template for their art department, advising best practices and highlighting any areas to which they should pay special attention during design. The timetable was roughly 7 weeks, synopsized below: We surveyed the first week and provided them a template for artwork technicals and construction. It took them 2-3 weeks to develop art, get the individual artists' approvals, and the necessary internal management approvals. We removed the old banners and aluminum hardware, as well as prepped/cleaned the building during that period. I asked for 7-10 days to produce the vinyl. It took about a week to print, laminate and cut. We should have been able to install it in roughly one week with a crew of three. It ended up taking two weeks since the Grand Ole Opry has shows every couple of days, which limited our time (we had to be packed up and out of the way by 3 pm). The weather was also a factor." TIME LAPSE VIDEO: Full-wrap rebranding of the face of the Grand Ole Opry House – Spring 2023 – Minuteman Press, Nashville: How happy are you with the completed project? What has been the feedback you’ve received? John Taylor: “I'm extremely happy with it. I really am humbled and honored to be given the opportunity. Now, for the less-than-humble perspective; it was an intense scope of work... and we got the job done! We've had only positive feedback about this installation and people are loving the new face of the Grand Ole Opry House. My favorite reaction was from a security guard that said, ‘I haven't seen this many people stop and have their pictures taken in front of the building in years and years!’. He's been there over 15 years, so that was so gratifying to hear him say that.” John concludes, “To have our hard work appreciated, especially on such a large-scale project, it’s just a great feeling of accomplishment.” For Minuteman Press products and services and to find your local Minuteman Press, visit https://minuteman.com. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

June 12, 2023 10:00 AM Eastern Daylight Time

Video Image

S&U "confident about the future" following 2023 AGM

S & U PLC

Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

June 02, 2023 10:22 AM Eastern Daylight Time

Video

Minuteman Press Franchise in Gastonia, NC Has Grand Opening for New Father-Son Team Tony & David Marder

Minuteman Press International Inc

Tony and David Marder are the new owners of the Minuteman Press franchise in Gastonia, NC. In January of 2023, Tony and David purchased Minuteman Press in Gastonia from retiring owners Pam and Bill Joles, who owned the business for nearly 32 years since July of 1991. On Thursday, May 25, 2023, Tony and David held their official Grand Opening at their shop located at 495 East Long Avenue in Gastonia. The event was sponsored by the Gaston Business Association and had a fiesta theme that included margaritas, festive appetizers, a food truck, and a mariachi band. There were also plenty of raffles as well as a ribbon-cutting ceremony that served as a celebration of Tony and David’s new venture while Pam and Bill were also in attendance to help pass the torch. In the below interview, Tony shares how he and David originally came into contact with Pam and Bill, and how that relationship grew to the point of purchasing the business. Tony also shares how he’s been building his business since the purchase and why print is so vital today. You purchased the business after working in the shop for a couple of years. What were your roles/experiences as employees and what drove you to buy the business? Tony Marder: “Interestingly, even before working in the shop, Pam and Bill Joles were previous coaching clients. We met via our local BNI and Chamber memberships. At the time, I focused my business coaching with family-owned businesses and Pam and Bill engaged me to assist. I noticed how they were avid readers and spent focused time on goal-setting and systemization. Just before and during the pandemic closures, I asked if they needed someone very part time for deliveries or light finishing work to fill some of my open schedule. At some point in early 2021, I asked Bill ‘how he intended to land this thing’ and he said, “Why? You want to buy a business?” My answer was, “Absolutely not!” But an hour later I mentioned that I felt this may be a good fit for me and my son David, whom I know to be very adept and resourceful with machines and computers and technology in general. David joined the team as print production specialist in May of 2021 specifically to learn the finishing work. Having a bit of a graphics background didn’t hurt either and he quickly added pre-print typesetting and other aspects of pre-print work to his overview. Knowing this was a good fit and having almost two years of on-the-Job experience with Pam and Bill made it a much easier decision for us to move forward.” What has the support from Minuteman Press International been like for you? Tony Marder: “Having experience with franchise teams, I expected the support system to be there. I was especially impressed with the FLEX software and the strength of the training and process protocols. The local team made the transition easy and the Home Office training team is concise and thorough. Every call or need is quickly handled and everyone jumps in to help with urgency as needed.” How do you describe your business and capabilities to potential clients? Tony Marder: “We can produce anything that can be printed or find someone in our organization that can; we will produce and deliver quickly high quality work that helps them run or grow their business or organization.” What are the high-demand products and key growth areas? Tony Marder: “Our most requested items are business cards, forms, labels, stickers, letterhead and envelopes, booklets, manuals, newsletters and mailings. We would like to feature more mailings, interior signage, posters, decals and graphic design.” What are some of the key ways you’ve grown your business since taking over in January of 2023? Tony Marder: “Relationship marketing via phone and face to face direct marketing to existing and past clients, as well as SEO/SEM Marketing, active membership in the local chamber and Rotary. Planning now for future postcard mailings featuring postcard mailing as well as special promotions.” How would you best describe your community? Tony Marder: “We have a small but dedicated and loyal community. We are a volunteer and philanthropic community of diverse folks raising families and enjoying our corner of the world. We have a lot of natural resources that draws a wide range of individuals to the area spanning entrepreneurs, professionals, service-related businesses and manufacturers. We enjoy the closeness of the Charlotte, NC Metro area without the cumbersome things that make larger cities less attractive. Around here we say that ‘we don’t tell anybody about it, but if they find it on their own then it’s perfectly okay with us.’” Why do you think printing remains so vital to businesses today? Tony Marder: “Print is everywhere. I can’t go anywhere without seeing print in action. Every business or organization uses print at some level; either to run or grow their business. I feel email and social media marketing has its place but lacks a personal touch or relationship that could be developed. Print solidifies other marketing sources and cements brand recognition. People read, so giving them something to read is the best way to keep them engaged.” What are the biggest rewards of owning your business? Tony Marder: “This is a cashflow business with a lot of upside potential. Cash is certainly king when it comes to owning your business and this one is no different. Personally, I’m in it to help my son secure a future and continue to provide inspiration for the team. I’d like to see us increase what we can give back to our community and find more ways to engage the public.” What advice would you give to other business owners right now? Tony Marder: “Attract and hire people smarter than you, then get out of their way and give them room to shine. Find a mentor who has documented experience with the legal, financial and accounting arenas and do not resist being pushed closer to the fire. Get in there and get it done.” For more information about Minuteman Press in Gastonia, NC, visit https://minuteman.com/us/locations/nc/gastonia/ Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

June 02, 2023 10:00 AM Eastern Daylight Time

Image

Calling All Adventure Seekers: Looking for a heart-pumping adventure in the great outdoors?

YourUpdateTV

From mountain biking to rock climbing to white-water rafting, it might surprise you to learn that Arkansas offers something for every level of adventure seeker. Recently, Travis Napper from Arkansas Tourism and Suzanne Grobmyer from Arkansas Department of Parks, Heritage and Tourism conducted a satellite media tour to talk about the hidden gems of Arkansas. A video accompanying this announcement is available at: https://youtu.be/Dsd_giujvvk Outside Magazine recently named Arkansas’ Monument Trails as the best mountain biking destination in the country. Arkansas is a state of visionaries when it comes to outdoor recreation. The State has been blessed with beautiful mountain ranges – from the Ozark Mountains in the north to Pinnacle Mountain in central Arkansas. The Monument Trails are a series of shared-use trails located in various Arkansas state parks. Through a partnership with the Walton Family Foundation, professional trail builders designed and developed the trails with designs that are innovative and sustainable, and that help highlight Arkansas’ beauty. There are trails for beginners and trails for those who are experienced. Arkansas has a collection of world-class, mountain biking routes within four Arkansas State Parks — Mount Nebo State Park, Hobbs State Park, Pinnacle Mountain State Park, and Devil’s Den State Park. The shared-use trails, which were professionally crafted by the world’s best trail builders, showcase Arkansas’s natural beauty and are woven into the beautiful landscape. If you would rather find your adventure on the water, there is plenty of adrenaline-pumping white water rafting in Arkansas. Try Cossatot River State Park and the Class IV rapids of Cossatot Falls. If a leisurely float down the river is more your speed, then you can do that at Cossatot, too. There are few activities more serene and calming than a hike along the 300 miles of trails in Arkansas State Parks. There is no better way to see The Natural State. Petit Jean Mountain State Park offers trails that are rather easy and others that are strenuous. Most everyone can navigate the Cedar Falls Trail, and it is definitely worth the effort because the trail’s end is the stunning 95-foot Cedar Falls Waterfall, which begins behind the breezeway at the park’s historic Mather Lodge. Arkansas is also home to two world-class fine arts museums – Crystal Bridges and Arkansas Museum of Fine Arts. Another reason Arkansas is called The Natural State is the abundance of outstanding lakes and rivers. Arkansas, for instance, is known as one of the premier locations for trout fishing. Record trout are caught at the Little Red River and the White River. The State also has some of the world’s best bass fishing locations. The Buffalo National River is an ideal place for a quiet float. Ready to ride? Arkansas.com is a one-stop resource for all things Arkansas. Travis Napper Bio Travis Napper is the Director of Tourism within the Arkansas Department of Parks, Heritage, and Tourism. He is responsible for leading the sales and marketing efforts of the state and oversees the state’s welcome centers. Napper serves on the Board of Mississippi River Country USA(MRC) and Travel South USA. Prior to joining the Arkansas Department of Tourism in 2020, he served as the executive of the Ruston, Louisiana Convention and Visitors Bureau. Napper attended Louisiana Tech University, earning his bachelor’s degree in marketing in 2006 and received his CDME (Certified Destination Management Executive) designation in 2016. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 01, 2023 02:54 PM Eastern Daylight Time

Video

Leidos Becomes First Major Prime Contractor to Adopt NCMA Contract Management Standard

National Contract Management Association

Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, today announced its intent to adopt the National Contract Management Association’s (NCMA) Contract Management Standard ™ (CMS™). By adopting this standard, Leidos will align its workforce competency with the standard recently adopted by the federal government and institutions of higher education. With this adoption, Leidos builds on its long-standing commitment to strong customer relationships through standards of professional conduct and common understanding. The company is committed to developing the contract management profession as a meaningful and rewarding career path. This will support practitioners across industry and government who serve the federal mission. “Leidos Contracting is excited to lead the industry in the adoption of the CMS™,” said Kim Denver, Leidos Senior Vice President and Chief Corporate Contracts Executive. “Contract management professionals are paramount to mission success. Through the CMS framework, our tradecraft will be incorporated under one common standard, elevating both federal and industry contract management professionals who are critical to our nation’s success.” “NCMA is pleased to have Leidos join the growing community of CMS™ adopters dedicated to building a stronger bridge between industry and government,” said NCMA Chief Executive Officer Kraig Conrad. “This adoption reinforces Leidos' commitment to the profession; their contract management teams and the missions we serve together.” The U.S. Office of Federal Procurement Policy (OFPP) announced the new classification in a January 19 memo, stating that the CMS™ will become the foundation of a new contracting training system for all civilian agencies effective February 1, 2023. The new Federal Acquisition Certification in Contracting (FAC-C) (Professional) will now align with the Department of Defense framework (DAWIA), which is also based on the CMS™. The American National Standards Institute (ANSI)-approved third edition of the NCMA CMS™ is recognized globally as the preeminent standard in the profession. It serves as the basis for hiring and training frameworks as well as the NCMA’s ANSI National Accreditation Board (ANAB)-accredited Certified Contract Management Associate (CCMA) certification. The National Contract Management Association (NCMA), which was founded in 1959 and is the world’s leading association in the field of contract management. The organization, which has over 18,000 members, is dedicated to the professional growth and educational advancement of procurement and acquisition personnel worldwide. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. About Leidos Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, civil, and health markets. The company’s 45,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $14.4 billion for the fiscal year ended December 30, 2022. For more information, visit www.Leidos.com. ### Certain statements in this announcement constitute “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management’s current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the “Risk Factors” set forth in Leidos’ Annual Report on Form 10-K for the fiscal year ended December 30, 2022, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. Contact Details NCMA Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org/

June 01, 2023 07:55 AM Eastern Daylight Time

Foresight Announces First Quarter 2023 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today reported financial results for the first quarter of 2023. Foresight ended the first quarter of 2023 with $21.7 million in cash, cash equivalents, restricted cash, and short-term deposits. The Company reported a U.S. Generally Accepted Accounting Principles (GAAP) net loss of $4.6 million for the first quarter of 2023 and a non-GAAP net loss for the same period of $4.2 million. “Foresight’s industry-leading technology continued to gain momentum during the first quarter of 2023. We are particularly pleased by our achievements in the Asia-Pacific (APAC) region, as we began an additional important joint proof of concept (POC) project with a leading Japanese global vehicle manufacturer. Foresight Changzhou Automotive Ltd. (“Foresight Changzhou”), our fully owned subsidiary in Jiangsu Province, China, received special recognition from the China Israel Changzhou Innovation Park, and Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), our wholly owned subsidiary, received its first order for the Eye-Zone™ V2X automotive system from a leading Japanese automotive manufacturer,” said Haim Siboni, CEO of Foresight. “The first quarter also saw a key breakthrough for Rail Vision Ltd. (“Rail Vision”), our affiliate, which received an order from Israel Railways for 10 Main Line Systems. We believe that these achievements for Foresight, Eye-Net, and Rail Vision demonstrate the exceptional performance of our technology, as our POC projects are in the process of converting into orders from leading organizations in the automotive, defense, and transportation industries. As we continue to prove our ability to create tailored, high-performance solutions for a diverse customer base, we expect to see increased demand,” concluded Mr. Siboni. First Quarter Corporate Highlights ● Foresight Announces POC Project with Global Japanese Vehicle Manufacturer: In March 2023, Foresight announced the signing of a paid joint POC project with a leading global Japanese vehicle manufacturer. The POC project will evaluate Foresight’s innovative solution for the automatic calibration of mono cameras. Foresight and the manufacturer will work together to develop a breakthrough solution capable of detecting when a single camera’s position has changed. The solution will also use Foresight’s proprietary software to provide real-time correction of a camera’s position while the vehicle is in motion. If successful, the POC project may provide a solution that eliminates the need for external calibration in a garage for all vehicles using mono cameras. ● Eye-Net Receives Order from Leading Japanese Vehicle Manufacturer for Eye-Zone System: In February 2023, Eye-Net announced that it received its first order for an Eye-Zone vehicle-to-everything (V2X) automotive system from a global Japanese vehicle manufacturer. The two parties will begin a paid POC project to evaluate the capabilities and added value of the Eye-Zone system as a software V2X communication layer. The POC will include the integration of Eye-Zone within the manufacturer’s advanced driver assistance system (ADAS), enabling seamless communication between vehicles and all road users. ● Rail Vision Announces $1.4 Million Agreement with Israel Railways to Sell 10 AI-Driven Main Line Systems: Rail Vision announced in February 2023 that it signed an agreement with Israel Railways for the purchase of 10 Rail Vision Main Line Systems and related services. Rail Vision’s AI-driven obstacle detection system outperformed in all aspects of testing during a POC project with Israel Railways. The total value of the agreement is expected to be $1.4 million. ● Israeli Ministry of Defense Recognizes Foresight Technology as Significant Breakthrough: During the first quarter of 2023, the Israeli Ministry of Defense recognized Foresight’s QuadSight® stereovision solution as a significant technological breakthrough for defense applications. The Administration for Research and Development of Weapons and Technological Infrastructure of Israel’s Ministry of Defense tested the QuadSight solution extensively for more than two years in challenging weather and environmental conditions. Foresight’s passive stereo technology was tested as an alternative to replace active LiDAR sensors, and the solution exceeded all testing requirements. ● Foresight Changzhou Wins Outstanding Enterprise Award: In February 2023, Foresight announced that Foresight Changzhou won the Outstanding Enterprise in International Cooperation award from China Israel Changzhou Innovation Park. Foresight received this award in recognition of its significant contribution to international cooperation in the region, and the company was one of five to win the award, out of nearly 200 companies in the China Israel Changzhou Innovation Park. ● Eye-Net Launches Virtual Sensor for Automotive Industry at CES 2023: Eye-Net showcased its new collision prediction system, Eye-Zone, at CES 2023 in Las Vegas. Eye-Zone uses Road Users Detection and Ranging (RUDAR), a unique virtual sensor that provides a point cloud of the real time location, movement characteristics, and probability of collision with each road user around the vehicle. ● Foresight Introduces Groundbreaking Mono2Stereo™ Solution at CES 2023: In January, Foresight presented a live demonstration of its Mono2Stereo software-based solution at CES 2023. Mono2Stereo uses the overlapping views of existing cameras with different fields of view to create a three-dimensional stereovision. First Quarter 2023 Financial Results Revenues for the first quarter ended March 31, 2023, amounted to $55,000, compared to $35,000 in the first quarter of 2022. The revenues were generated primarily from the successful completion of a POC project with a global Japanese vehicle manufacturer, as well as the completion of the first milestone of Eye-Net’s POC project for the Eye-Zone system from a leading Japanese vehicle manufacturer. Research and development (R&D) expenses, net for the first quarter of 2023, were $3,119,000, compared to $2,692,000 in the first quarter of 2022. The increase is attributed mainly to an increase in payroll and related expenses, primarily due to an increase in engineers within the R&D department. R&D expenses, net in the first quarter of 2023, are offset by participation from the European Horizon 2020 program in the amount of $133,000. Sales and Marketing (S&M) expenses for the first quarter of 2023 were $704,000, compared to $624,000 in the first quarter of 2022. The increase is primarily attributed to an increase in exhibitions, conventions and travel expenses. General and administrative (G&A) expenses for the first quarter of 2023 were $857,000, compared to $1,188,000 in the first quarter of 2022. The decrease is primarily attributed to a decrease in payroll and related expenses and to a decrease in professional services and share-based payments to service providers. Finance income, net for the first quarter ended March 31, 2023, amounted to $60,000. Finance income, net, is attributed primarily to gains from revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $122,000, as well as from interest on deposits in the amount of $210,000, offset by exchange rate differences and other expenses in the amount of $272,000. GAAP net loss for the first quarter of 2023 was $4,586,000, or $0.014 per ordinary share, compared to a GAAP net loss of $2,024,000, or $0.006 per ordinary share, in the first quarter of 2022. Non-GAAP net loss for the first quarter of 2023 was $4,241,000, or $0.013 per ordinary share, compared to a non-GAAP net loss of $1,527,000 in the first quarter of 2022, or $0.004 per ordinary share. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of share-based compensation expenses. Balance Sheet Highlights Cash, cash equivalents, restricted cash, and short-term deposits totaled $21.7 million as of March 31, 2023, compared to $26.5 million as of December 31, 2022 GAAP shareholder’s equity totaled $24.6 million as of March 31, 2023, compared to $28.8 million as of December 31, 2022. The decrease is attributed to the net loss for the period. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the Company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. 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. 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 its belief that its achievements, as well as the achievements of Eye-Net Mobile and Rail Vision, demonstrate the exceptional performance of its technology and that it expects to see increased demand, the potential benefits from the use of its solutions, and the expected timing, development and expected value of POC projects. 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. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC msegal@ms-ir.com 917-607-8654 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 Foresight Autonomous Holdings Ltd. Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

May 31, 2023 04:05 PM Eastern Daylight Time

NAVEX Announces AI-Powered Compliance Assistant

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, today announced NAVEX Compliance Assistant. The initial release of this new AI-powered functionality will offer instant answers to employee questions regarding company policies and procedures delivered in natural language. This functionality makes an organization’s compliance program more accessible and personal for all employees. As part of the NAVEX One GRC Information System, employees interact with NAVEX Compliance Assistant by asking it questions in their own words. The AI-powered Compliance Assistant then searches through a company’s policies and procedures to present a comprehensive answer to the employee’s inquiry. Compliance Assistant applies Large Language Model (LLM) technology to customer-controlled document sets for maximum relevance and accuracy. NAVEX’s secure cloud infrastructure protects document and data privacy. Rich NAVEX Integration Ensures Ease of Use and Data Security The AI-powered NAVEX Compliance Assistant is seamlessly integrated into NAVEX One People Hub, a unified, simplified way for employees to engage with the compliance program. Through People Hub, employees can conveniently report incidents, confirm policy adherence, complete training and disclose information within a user-friendly interface accessible on mobile devices. With the addition of Compliance Assistant, employees, and other authorized parties, can quickly clarify how to follow specific procedures and policies that apply to them. NAVEX Compliance Assistant offers a range of features tailored to meet the needs of organizations of all sizes, including: Intuitive chat interface: Employees can query the system with natural language questions about a policy or procedure of interest and receive prompt, accurate responses. Multilingual access: Users can ask questions and receive answers in 70 languages. Find relevant policies: Employees can easily search for and access relevant, verified policies and procedures, eliminating time-consuming manual searches or the need to reach out across departments to source an answer. Responsive access anywhere: NAVEX Compliance Assistant is accessible via the web and mobile devices, helping employees access critical compliance information from anywhere. Uncompromising privacy and security: NAVEX is committed to safeguarding all data within the systems it manages, including policy and procedure information and employee queries through Compliance Assistant. “Successful organizations turn governance, risk and compliance management into a competitive advantage. It helps prevent mistakes, motivate employees, and promotes confident decision-making,” said Sean Thompson, Chief Executive Officer at NAVEX. “In my years of experience with natural language user interface technology, incorporating it into a GRC program is one of the most exciting applications. Our new AI-enabled Compliance Assistant makes engaging with the compliance program simpler and more intuitive, which in turn makes employees more confident users of the system.” Expert point of view The adoption of AI-powered technologies to facilitate access to compliance-related information can bring great benefits. “Giving employees the ability to quickly and accurately access company policies and procedures fosters a culture of trust and safety with regards to risk mitigation. It also makes the whole process more efficient," said Darren Bradshaw, Chief Audit and Compliance Officer of Stellantis, a multinational automotive company on a journey of transformation into a sustainable mobility tech organization. Stellantis, as a customer of some NAVEX applications, plans to partner with the company to test the usability of this new application. To learn more about the AI-powered NAVEX Compliance Assistant, visit https://www.navex.com/en-us/products/navex-ethics-compliance/ai-employee-compliance-assistant/. Or, read our blog, “ Artificial Intelligence – The Next Frontier of GRC Management ” on Risk & Compliance Matters. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com

May 30, 2023 08:30 AM Eastern Daylight Time