Foresight Autonomous Holdings Ltd · TASE:FRSX
Foresight Autonomous — Investor Presentation (January 2020)
56 slides from Foresight Autonomous's investor presentation, Jan 30, 2020
Slide 1: Foresight Autonomous Holdings Investor Conference January 2020
FORESIGHT AUTONOMOUS HOLDINGS INVESTOR CONFERENCE January 2020 NASDAQ/TASE: FRSX
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT 2 • This presentation of Foresight Autonomous Holdings Ltd . (the “Company”) contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws . Words such as “expects,” “anticipates,” “intends,” “plans,” “b
Slide 3: Michael Gally, Chairman
MICHAEL GALLY Chairman la
Slide 4: Main Message
MAIN MESSAGE 4 Foresight is currently in its best place since it was founded
Slide 5: The Startup Curve
13.3.2017 THE STARTUP CURVE 5
Slide 6: Product/Market Fit
PRODUCT/MARKET FIT 6 “The term product/market fit describes ‘the moment when a startup finally finds a widespread set of customers that resonate with its product’.” Eric Ries
Slide 7: The Wait: Why is it taking so long?
THE WAIT 7 Why is it taking so long?
Slide 8: Startup Definition
STARTUP DEFINITION 8 A startup is an organization dedicated to creating something new under conditions of extreme uncertainty NEW UNCERTAINTY
Slide 9: Automotive Verticals
AUTOMOTIVE VERTICALS 9 Performance proved to be relevant to different verticals: passenger vehicles, defense industry, buses/truck, heavy equipment machinery
Slide 10: Product Offering
PRODUCT OFFERING 10 The technology can be offered as: • A software product • A software + hardware product • Features to be integrated into other products
Slide 11: Intellectual Property
INTELLECTUAL PROPERTY 11 The company ’ s IP (knowledge and patents) is already of great financial value
Slide 12: Industry Realization
INDUSTRY REALIZATION 12 Disappointment from LIDAR performance and realization that “ the eyes of the vehicle ” must be camera - based
Slide 13: Haim Siboni, Founder & CEO
HAIM SIBONI sb hd Founder & CEO
Slide 14: About Foresight Holdings
ABOUT FORESIGHT HOLDINGS 14 23.20 % 76.80 % Public Float AUTOMOTIVE 100 % 24.12 % Vision based accident prevention and autonomous driving systems Cellular Ͳ based V 2 X system Vision - based systems for railway safety, security and maintenance Foresight Autonomous Holdi
Slide 15: Doron Cohadier, VP Business Development
DORON COHADIER VP Business Development
Slide 16: Market Trends – Autonomous Driving Delayed
MARKET TRENDS – AUTONOMOUS DRIVING DELAYED 16
Slide 17: Market Insights
MARKET INSIGHTS 17 • Cornell University Research (April 2019 ) - “ Researchers found that accuracy of a stereo camera is superior and can be a viable and low - cost alternative to LiDAR ” • OEMs are currently evaluating IR technology • Automotive IR through regulation • No good sensor currently avai
Slide 18: QuadSight
QUADSIGHT ® 18
Slide 19: QuadSight Demo
QUADSIGHT ® DEMO 19
Slide 20: QuadSight Capabilities – Stereoscopic Tech.
QUADSIGHT ® CAPABILITIES – STEREOSCOPIC TECH. 20
Slide 21: QuadSight Capabilities – 3D Point Cloud
QUADSIGHT ® CAPABILITIES – D POINT CLOUD 21
Slide 22: QuadSight Capabilities – Auto Calibration
QUADSIGHT ® CAPABILITIES – AUTO CALIBRATION 22
Slide 23: QuadSight Capabilities – Harsh Weather
QUADSIGHT ® CAPABILITIES – HARSH WEATHER 23
Slide 24: QuadSight Capabilities – Fusion
QUADSIGHT ® CAPABILITIES - FUSION 24
Slide 25: Agreements 2019
AGREEMENTS 2019 25 • Israel – Commercial agreement with Elbit Systems • Japan – Distribution agreement with Cornes Technologies • China • Strategic Agreement • Technological Agreement
Slide 26: First Commercial Agreement – Elbit Systems
FIRST COMMERCIAL AGREEMENT – ELBIT SYSTEMS 26 • Software license – thousands of dollars per license • Support & maintenance services for additional fees • Modifications entail additional cost • Exclusive rights in Israel and globally
Slide 27: Technological Agreement with Chinese Tier One
TECHNOLOGICAL AGREEMENT WITH CHINESE TIER ONE 27 • Chinese Tier One supplier develops automatic safety solutions for Chinese OEMs • Aim to integrate QuadSight into existing projects of the supplier • Agreement includes sale of a QuadSight prototype system • Foresight and the Chinese supplier have ea
Slide 28: Prototypes
PROTOTYPES 28 *Trademarks are the property of their respective owners
Slide 29: Geographical Efforts 2019
GEOGRAPHICAL EFFORTS 2019 29 NORTH AMERICA ASIA EUROPE JAPAN AFRICA SOUTH AMERICA
Slide 30: Technological Demonstrations
Technological Demonstrations TECHNOLOGICAL DEMONSTRATIONS 30 JAPAN USA FRANCE GERMANY
Slide 31: Sales Cycle
Sales Cycle POC Design Win Prototypes Mass Production SALES CYCLE 31
Slide 32: Additional Markets
ADDITIONAL MARKETS 32
Slide 33: Award-Winning Technology
Award - Winning Technology CES Innovation Awards ( 2019 ) Edison Awards Gold Winner ( 2019 ) AWARD - WINNING TECHNOLOGY 33 CES Innovation Awards ( 2019 ) New Mobility World Lab 18 Startup Challenge ( 2018 ) Edison Awards Gold Winner ( 2019 ) BIG Innovation Awards ( 2020 )
Slide 34: Efraim Wasservogel, Sr. Consultant
EFRAIM WASSERVOGEL Sr. Consultant
Slide 35: Autonomous Vehicles – A Paradigm Shift
AUTONOMOUS VEHICLES - A PARADIGM SHIFT 35 • Since 1980 , the total cost of electronics embedded in a car has increased and in 2010 reached the same cost of the “ mechanical ” chassis. • Since then, the OEMs have lost control of innovation which is presently being developed by Tier One suppliers and
Slide 36: Autonomous Vehicles – A Paradigm Shift (cont'd)
AUTONOMOUS VEHICLES - A PARADIGM SHIFT – CONT ’ D 36 • In 2015 , all the OEMs have declared that L 5 shall be on the market by 2025 ! • Recently the same OEMs have decided to delay L 5 to 2035 … • This decision paves the way to L 3 and 4 as well as to
Slide 37: Reminder – Levels of Driving Automation
Manual control Manual control + cruise control Steering, braking control Environment detection driver overrides Geofencing autodrive . driver overrides No steering wheel, no pedals … REMINDER - LEVELS OF DRIVING AUTOMATION 37 * Source: https://www.machinedesign.com/mechanical - motion - systems/arti
Slide 38: European OEMs Ranked by Autonomy Level
EUROPEAN OEMS RANKED BY “AUTONOMY” LEVEL 38 Level 2 Level 3 Level 3 “plus” VOLVO Trucks and Mercedes Trucks & Cars are the most advanced OEMs Although a VW Group ’ s subsidiary, AUDI is significantly more innovative than VW Small but very ambitious VW wants to be Level 4 … or nothing ! BMW is on the
Slide 39: European Tier One Ranked by Autonomy Level
Level 2 Level 3 Level 3 “plus” EUROPEAN TIER ONE RANKED BY “ AUTONOMY ” LEVEL 39 *Trademarks are the property of their respective owners
Slide 40: Customer Feedback
CUSTOMER FEEDBACK 40 • Foresight performs real time demonstrations in order to allow OEMs and Tier One suppliers to understand QuadSight superiority over competing technologies. • Last summer, we have performed live demos to many European OEMs and Tier One suppliers. They were very impressed by the
Slide 41: Dror Elbaz, COO, Deputy CEO, Eye-Net Mobile
DROR ELBAZ COO, Deputy CEO, Eye - Net Mobile
Slide 42: What We Are Aiming to Solve: Fatalities in Road Accidents in Israel
42 186 336 716 365 0 100 200 300 400 500 600 700 800 1949 1951 1953 1955 1957 1959 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 WHAT WE ARE AIMING TO SOLVE FATALITIES IN ROAD ACCIDENTS IN ISRAEL 1949
Slide 43: Solutions & Business Model
43 SOLUTIONS & BUSINESS MODEL ! Protect Real - time pre - collision alerts to vulnerable road users and vehicles by using smartphones. Real - time alerts and notifications, enhanced map information and automatic e - call service Safety trends and actionable insights based on state - of - the - art a
Slide 44: Forecast Revenues from Smartphone-Based Driver Safety Services
44 FORECAST REVENUES FROM SMARTPHONE - BASED DRIVER SAFETY SERVICES [ Bn$ ] Source : (Based on) Ovum TMT intelligence | The opportunity for MNOs in driver safety initiatives | 12 Feb 2019 0 2 4 6 8 10 12 2018 2019 2020 2021 2022 North America Europe Asia & Oceania RoW [ ~ 30 ] [ ~11.5 ] [ ~ 15.5 ] [
Slide 45: Achievements and Planned Milestones
45 Jan 2020 SDK Version ACHIEVEMENTS AND PLANNED MILESTONES Sep 2016 Project initiation Mar 2018 Multi - participants trial May 2018 Smart infrastructure integration trial Aug 2018 Integration with a local CSP Feb 2019 Smart transportation trial Jun 2019 Eco - Motion - Tel - Aviv Feb 2019 MWC - Barc
Slide 46: Large Scale Trial Results
46 Users 8,551 3,431 41.2% 58.8% Distance > 754K [Km] > 13K [Km] > 700K [Km] > 33K [Km] Usage > 35K [ Hr ] < 1% [B/ Hr ] > 68 [GB] 1.9 [MB/ Hr ] Service 1.48% [AU] 100% > 34.5M 134 [ ms ] Efficiency > 50.4% 2,647 [UU] 438 [UU] 5 Feedbacks • Tackles a REAL problem • Simplicity (UX / Onboarding) • Use
Slide 47: Elen Katz, Founder & CEO, Rail Vision
ELEN KATZ Founder & CEO, Rail Vision
Slide 48: Sales Targets 2020
Sales Targets 2020 ▪ 2020 as the first year for sales ▪ Purchase Order volume of 5M $ /or order for 70 Systems ▪ Initiate sales cycles as base for sales 2021 - 2022 DA (Data Acquiring) => DEMO => POC (Proof Of Concept) =>RFI (Request For Information) => RFP (Request For Proposal) 48
Slide 49: Potential 2020-2021
Potential 2020 - 2021 Application Territory / Costumer Stage Potential Date Mainline Asia RFP 5 - 6 systems Q2/ 2020 Europe DA+ Demo - Q1/2020 Europe RFI 135 systems Q2 - Q3/2020 Europe RFP 12 systems Q2 - Q3 /2020 Switch Yard Europe Contracting local entity 31+45 systems Q1 /2020 Europe DA + Demo =
Slide 50: Main Highlights and Achievements
Main Highlights and Achievements ▪ Finance: March 2019 - $10 million strategic investment by Knorr - Bremse (KB) ▪ R&D: ▪ Switch Yard (SY – 200 meters) – Final stages ▪ Main Line (ML – 1000 meters) – Q3 2020 ▪ Light Rail Vehicle (LRV) – Q3 2020 ▪ Image - based navigation (IBN) – Q2 2020 ▪ ML demo wa
Slide 51: Haim Siboni: Summary & Questions
HAIM SIBONI Summary & Questions
Slide 52: Status Update – Elbit Systems
STATUS UPDATE – ELBIT SYSTEMS 52 Moving towards a commercial agreement with Elbit’s end - user customers
Slide 53: Status Update – Heavy Equipment Market
STATUS UPDATE – HEAVY EQUIPMENT MARKET 53 Moving towards proof of concept (POC) with heavy equipment vehicle manufacturers and Tier One suppliers
Slide 54: Status Update – Passenger Vehicles Market
STATUS UPDATE – PASSENGER VEHICLES MARKET 54 Moving towards proof of concept (POC) with passenger vehicle manufacturers and Tier One suppliers
Slide 55: Status Update – Eye-Net Mobile
STATUS UPDATE – EYE - NET MOBILE 55 Moving towards paid POCs with vehicle manufacturers and pilots with third - party applications
Slide 56: Thank You!
THANK YOU! Info@foresightauto.com www.foresightauto.com 56
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