Foresight Autonomous to Supply Drone Tech in India
Ticker: FRSX · Form: 6-K · Filed: Jan 14, 2025 · CIK: 1691221
Sentiment: bullish
Topics: international-expansion, new-agreement, revenue-potential, drones
TL;DR
Foresight signs India drone deal, potential $2.5M revenue by 2026.
AI Summary
Foresight Autonomous Holdings Ltd. announced on January 13, 2025, that it has signed an agreement to supply its autonomous drone technology in India. This deal has a potential revenue of up to $2.5 million by 2026.
Why It Matters
This agreement signifies Foresight's expansion into the Indian market and provides a significant revenue stream opportunity for their autonomous drone technology.
Risk Assessment
Risk Level: medium — The revenue is potential and contingent on future performance and market adoption, introducing inherent risks.
Key Numbers
- $2.5 million — Potential Revenue (Revenue potential from the Indian drone technology supply agreement by 2026.)
Key Players & Entities
- Foresight Autonomous Holdings Ltd. (company) — The company signing the agreement.
- India (location) — The market where the drone technology will be supplied.
- $2.5 million (dollar_amount) — The potential revenue from the agreement.
- 2026 (date) — The year by which the revenue is projected.
- January 13, 2025 (date) — The date the press release was issued.
FAQ
What specific autonomous drone technology will Foresight supply in India?
The filing does not specify the exact type of autonomous drone technology being supplied, only that it is Foresight's technology.
Who is the partner or customer in India for this agreement?
The press release incorporated by reference does not name the specific partner or customer in India.
What are the key milestones or conditions for achieving the $2.5 million revenue?
The filing does not detail the specific milestones or conditions required to reach the $2.5 million revenue target.
When is the expected start date for the supply of technology under this agreement?
The filing does not provide an expected start date for the supply of the drone technology.
Does this agreement involve any upfront payments or initial orders?
The filing does not mention any upfront payments or initial orders, focusing on the potential revenue by 2026.
Filing Stats: 313 words · 1 min read · ~1 pages · Grade level 10.7 · Accepted 2025-01-14 16:05:31
Key Financial Figures
- $2.5 Million — n India with Revenue Potential of up to $2.5 Million by 2026.” A copy of this press re
- $2.5 Million — n India with Revenue Potential of up to $2.5 Million by 2026.” SIGNATURES Pursuant
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex99-1.htm (EX-99.1) — 16KB
- ex99-1_001.jpg (GRAPHIC) — 6KB
- 0001493152-25-002132.txt ( ) — 44KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Foresight Autonomous Holdings Ltd. (Registrant) Date: January 13, 2025 By: /s/ Eli Yoresh Name: Eli Yoresh Title: Chief Financial Officer