Foresight Autonomous (FRSX) is a developer of solutions for advanced driver assistance (ADAS) and fully autonomous (FA) driving applications, based on stereo and quadric camera algorithms. It has completed its daytime ADAS proof of concept and successfully completed three pilot trials with major Chinese OEMs. At the same time China has adopted new regulations, which should rapidly boost take-up of ADAS systems. FRSX also plans to develop an aftermarket driver alert system for sale in the subsidised Israeli market as well as abroad. Associate, Rail Vision, is also forging ahead as an ADAS pioneer in the rail sector, helped by successful trials. With greater market share and market growth prospects in China, we have increased our DCF valuation from NIS3.45 to NIS5.15 per share.

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