The pilot may lead to Eye-Net's SDK integration into the Muntinlupa city application, mainly for critical emergency services to the city's residents in various emergency scenarios, including natural disasters 

Ness Ziona, Israel, April 29, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in 3D perception systems, announced today that its majority-owned subsidiary, Eye-Net Mobile Ltd. ("Eye-Net"), has entered into a non-binding Letter of Intent (LOI) with the City of Muntinlupa, a part of the Manila metropolitan area of the Philippines.

The LOI outlines the parties' intention to cooperate in the field of smart urban mobility, collision prediction and prevention, and protection of road users. Muntinlupa, a city of approximately 600,000 residents, will serve as an ideal testbed for Eye-Net's proprietary cellular-based vehicle-to-everything (V2X) technology.

Following the signing of the LOI, the parties will negotiate on a binding commercial cooperation agreement that includes, among other things: conducting live demonstration of Eye-Net's innovative technology, which - upon its successful completion - will lead to a six-month pilot project engaging at least 8,000 road users across the City of Muntinlupa (the "Pilot"). The Pilot will be directed primarily to the study, testing and demonstration of Eye-Net's proprietary technology and solution capabilities.

Upon successful completion of the Pilot, according to the predefined KPIs (Key Performance Indicators), the parties will negotiate in good faith with respect to a binding commercial integration agreement for the integration of Eye-Net's SDK solution with one of the City of Muntinlupa's mobile applications. The integration is intended to provide not only advanced collision-avoidance alerts to all road users, but also critical emergency services to the city's residents in various emergency scenarios, including natural disasters and other crises.