Rail Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while ...

Ra'anana, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (the "Company") (Nasdaq: RVSN), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today that on July 22, 2024, the Company received a written notice from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for its Ordinary Shares was below $1.00 per share for the last 30 c ...

Ra'anana, Israel, July 02, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced an upcoming collaboration with Railway-News.com, a leading railway industry news and information portal, for hosting a monthly podcast with industry leaders called "Rail Evolution". "This collaboration showcases our relationship with the industry, as we are not only here to sell products and s ...

Investor Relations Michal Efraty Ra'anana, Israel, July 02, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced an upcoming collaboration with Railway-News.com, a leading railway industry news and information portal, for hosting a monthly podcast with industry leaders called "Rail Evolution". The podcast, which is expected to launch in July 2024, will cover pressing deve ...

The customer requested and ordered new add-ons on top of a $5 million contract with the company Ra'anana, Israel, June 25, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today a follow-on order from one of its customers, a leading US-based rail and leasing services company. The Company announced at the beginning of 2024, it has signed a contract valued at up to $5 million ...

The customer requested and ordered new add-ons on top of a $5 million contract with the company The current follow-on order, in the amount of approximately $200,000, is in addition to the existing contract, and refers to additional services requested by the customer. Forward-Looking Statements The Company announced at the beginning of 2024, it has signed a contract valued at up to $5 million for ShuntingYard products. In April 2024, Rail Vision received an initial purchase order amounting to approximately $ ...

Key features of the patent include: Shahar Hania, CEO of Rail Vision, stated, "Securing this patent in Japan is a testament to Rail Vision's dedication to pioneering railway safety technologies. We believe that our AI-driven obstacle detection system represents a crucial advancement in ensuring real-time identification and assessment of obstacles, which is essential for preventing accidents and promoting operational efficiency. We are excited about the opportunities this patent opens for us in the Japanese ...

Ra'anana, Israel, June 14, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (NASDAQ:RVSN) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced the successful delivery and installation of its AI-driven Shunting Yard product to Loram, a leading US-based provider of railway track maintenance equipment and services. Shahar Hania, CEO of Rail Vision, commented, "We are thrilled to deliver our AI-driven Shunting Yard product to Loram, which ...

Core Viewpoint - Rail Vision Ltd. has successfully installed its AI-driven ShuntingYard product for a Class 1 freight rail company in North America, aiming to enhance safety and efficiency in the railway industry [4][5]. Company Overview - Rail Vision Ltd. is a technology company focused on revolutionizing railway safety and the data-related market through advanced artificial intelligence-based technology [7]. - The company aims to save lives, increase efficiency, and reduce expenses for railway operators, while also advancing the concept of autonomous trains [7]. Product Details - The ShuntingYard product utilizes artificial intelligence and machine learning algorithms to improve railway safety and operational efficiency [6]. - The installed system provides real-time monitoring and obstacle detection, ensuring high safety standards for rail operations [5]. Market Impact - The successful installation of the safety system demonstrates the critical role of Rail Vision's technology in the market, where safety is a top priority [2][5]. - The project aligns with the company's goal of enhancing the safety and efficiency of the American railway industry [5].

Core Insights - Rail Vision Ltd. is focused on revolutionizing railway safety and the data-related SaaS market, achieving significant commercial and technological milestones in 2024 [1][2]. Group 1: Commercial Achievements - The company secured over $5 million through financing transactions to support its business operations [2]. - Rail Vision announced its first-ever commercial installation of AI-driven systems in a national railway line [5]. - The company received an order from a Class 1 US railroad company for its AI-based safety products [5]. - A national distributor engagement was established to expand Rail Vision's footprint in the US market [5]. Group 2: Technological Advancements - Rail Vision has developed cutting-edge, AI-based technology aimed at enhancing railway safety and efficiency [3]. - The company achieved significant regulatory certification in Europe, allowing for railway operations [2][5]. - A next-generation computing unit for accident prevention AI-based ADAS products was revealed [6]. - The company received patent approvals, including a notice of allowance for a US patent on an AI-powered railway obstacle detection system [5][6]. Group 3: Partnerships and Collaborations - Rail Vision joined NVIDIA Metropolis to enhance railway safety through advanced technology [5]. - The company received a $1 million order as part of a contract valued at up to $5 million with a leading US-based rail and leasing services company [6].