Foresight Partners With Pango To Market Eye-Net Protect Products In Israel

• Foresight Autonomous Holdings LtdFRSX subsidiaryEye-Net has signed a five-year commercial cooperationagreement with Pango Pay & Go Ltd.
• Pango is a developer of mobility-as-a-service (MaaS) parking, vehicle, road services, and payment application in Israel.
• Under the agreement, the parties will cooperate to integrate Eye-Net Protect products into Pango's app as a software development kit (SDK).
• Eye-Net Protect mobile application provides real-time pre-collision alerts to drivers and vulnerable road users.
• The integration intends to provide a layer of protection to Pango's users, potentially preventing accidents by alerting drivers and road users about oncoming collisions.
• Pango will serve as Eye-Net's distributor in Israel and as the Israel Community Manager of Eye-Net Products.
• Pango will lead Eye-Net's business development efforts in the Israeli market and will be entitled to a portion of the proceeds derived from selling Eye-Net products in Israel.
• Pango will be entitled to 50% of third-party revenues received by Eye-Net for services provided in Israel.
• Moreover, Pango will be granted options to purchase 2,500 ordinary shares of Eye-Net, constituting, if exercised in full, 2.22% of Eye-Net's share capital on a fully diluted basis at an exercise price that reflects a $40 million company valuation.
• Price Action:FRSX shares are trading higher by 4.24% at $0.56 on the last check Wednesday.

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