The collaboration consists of a multiphase work plan which could potentially lead to an extensive commercial deployment of Eye-Net in the Japanese market through SoftBank’s multiple business partners
Foresight Autonomous Holdings Ltd, an innovator in automotive vision systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), has signed an agreement for a paid proof of concept (POC) project with SoftBank Corp. (Tokyo: 9434) (“SoftBank”), a Japan-based telecommunications and IT operator. The POC project is part of a multiphase work plan which could potentially lead to a commercial deployment of Eye-Net’s solutions in the Japanese market through SoftBank’s multiple business partners, including vehicle manufacturers, third-party applications, local authorities, and insurance companies.
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SoftBank recognized Eye-Net’s accuracy and road safety potential following more than three years of extensive validation of Eye-Net’s cellular-based vehicle-to-everything (V2X) technology. As a result, Softbank initiated a POC project aiming to validate the integration of Eye-Net’s server-side technology with SoftBank’s multi-access edge computing (MEC) infrastructure. Successful completion of this integration is a prerequisite for the deployment of Eye-Net’s solutions in the Japanese market.
The POC project is expected to be completed by the end of 2023. Going forward, SoftBank plans to conduct verification tests with the aim of providing collision prevention solutions for cross-collisions to local governments or corporate customers in a wide range of industries and business categories in Japan.
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“Eye-Net Mobile’s distributed collision prediction and prevention technology is a groundbreaking initiative that will accelerate the realization of the “next-generation infrastructure” that SoftBank is aiming for,” said Hironobu Tamba, Vice President and Head of Data Platform Strategy Division at SoftBank. “Combined with the computing resources distributed across the mobile network, it is expected to make a significant contribution to the realization of a nationwide urban transportation infrastructure that encompasses multiple cities that are physically separated from each other. Through this validation process, we hope to demonstrate new possibilities for Japan’s next generation transportation systems,” Mr. Tamba concluded.
“We are honored to be selected by SoftBank as their preferred V2X solution after undergoing an extensive three-year technological due diligence process. This vote of confidence reaffirms our dedication to providing cutting-edge solutions that enhance the safety of all road users,” said Dror Elbaz, CEO of Eye-Net Mobile. “The potential extensive commercial deployment will introduce a new social road safety approach that might allow our accident prediction and prevention solution to protect millions of users in Japan from non-line-of-sight collisions and contribute to a safer mobile society,” Mr. Elbaz concluded.
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