The fully owned Changzhou-based company will serve as the center for future collaborations with potential Chinese customers
NESS ZIONA, ISRAEL – News Direct – 10 January 2022 – on Twitter, or join on LinkedIn.
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses that Foresight Changzhou will receive a package of incentives and grants to aid in overcoming barriers and achieving success in China with the support of CIP’s facilities and staff as well as hire local engineers and high-quality staff who will be based in CIP, that a local entity will facilitate the Company’s access to Chinese vehicle manufacturers and Tier-One automotive suppliers and will potentially increase local collaborations and joint venture undertakings, and that the establishment of a Chinese subsidiary significantly expands the Company’s presence in China and supports the Company’s strategy to become a dominant player in the Asia-Pacific automotive market. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
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