Stock Alert: Foresight Autonomous Jumps 50%

By RTTNews Staff Writer   ✉   | Published:

Shares of Foresight Autonomous Holdings Ltd. (FRSX) surged nearly 50% on Friday morning after its subsidiary Rail Vision Ltd. received an order from Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG, for two samples of their light rail vehicle (LRV) system.

FRSX is currently trading at $2.26, up $0.74 or 48.46%, on the Nasdaq.

Rail Vision will supply two light rail vehicle system samples and will begin the system industrialization project for a total of 400,000 euros. Knorr-Bremse has ordered customization of Rail Vision's LRV system features according to Knorr-Bremse's requirements.

Knorr-Bremse recently invested $10 million in Rail Vision, while Foresight owns 19.36% of Rail Vision's share capital.

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