Foresight Signs 3-Way Agreement With KONEC And GINT To Develop Autonomous Control System Based On Foresight's 3D Perception Technology For Autonomous Tractors; Revenue Potential Of Up To $35M By 2030, With Initial Sales Expected In 2026

Benzinga·08/11/2025 12:55:42

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Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in 3D perception systems, announced today the signing of a three-way agreement with KONEC Ltd. ("KONEC"), a leading South Korean Tier-One automotive supplier, and GINT Ltd. ("GINT"), a South Korean company specializing in automation technologies for agricultural machinery, construction equipment and automobiles, to develop an autonomous control system based on Foresight's 3D perception technology for autonomous tractors. This follows the agreement with GINT and KONEC, as announced by the Company on December 2, 2024.

The agreement outlines a multi-phase collaboration preparing for mass production and commercial deployment, expected to generate up to $35 million in revenue by 2030, with initial sales anticipated as early as 2026.

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