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Rail Vision Signs Exclusive Agreement with Leading Indian Rail Supplier to Penetrate the Indian Rail Market
Rail VisionRail Vision(US:RVSN) Globenewswireยท2025-01-07 12:45

Core Viewpoint - Rail Vision Ltd. has signed a binding Memorandum of Understanding (MOU) with Sujan Ventures to introduce advanced railway safety technologies in India, targeting the outfitting of thousands of locomotives with state-of-the-art systems [1][4]. Group 1: Collaboration Details - Sujan Ventures will lead local efforts to introduce Rail Vision's safety systems, starting with a trial at customer facilities to demonstrate capabilities [2]. - The MOU includes an initial upfront payment from Sujan Ventures, with additional payments tied to milestone completions, and grants Sujan exclusive rights to negotiate distribution agreements in India [3]. Group 2: Market Opportunity - The collaboration aims to position Rail Vision's technologies for inclusion in future tenders, enhancing rail safety by equipping locomotives with advanced systems for accident avoidance, especially in adverse weather [4]. - Indian Railways operates one of the largest rail networks globally, with approximately 15,000 locomotives, creating a substantial market opportunity for Rail Vision [1]. Group 3: Company Vision and Impact - Rail Vision is focused on revolutionizing railway safety and efficiency through cutting-edge, AI-based technology designed to save lives and reduce operational costs for railway operators [6]. - The partnership supports the "Make in India" initiative, allowing Indian Railways to deploy advanced, locally-sourced safety systems while maintaining global standards [5].