October 12, 2015 | 4Eyes, an Israeli collision warning system, has signed a merger agreement with Asia Development, which will now trade on the Tel Aviv Stock Exchange. The technology was initially developed at Magna BSP, 4Eyes’ parent company, by current CEO Haim Siboni, and physicist Levi Tzeruya. The new company aims to compete with Mobileye, the Nasdaq-listed Israeli company that has developed an automotive accident prevention system, which has already been integrated into cars manufactured by BMW, GM, and Volvo.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Elbit Sells Air Defense System To Foreign Client For $50M
April 30, 2024
Facebook comments