Workflow
Autonomous Trains
icon
Search documents
Rail Vision: Quantum AI Powers Next-Gen Rail Safety Breakthroughs
Globenewswire· 2025-12-12 13:37
Core Viewpoint - Rail Vision Ltd. has announced a strategic acquisition of 51% ownership in Quantum Transportation Ltd., aiming to enhance railway safety and data-related technologies through quantum computing and AI innovations [1][3]. Group 1: Acquisition Details - The acquisition is expected to close between late December 2025 and early January 2026, pending customary closing conditions [1]. - Rail Vision will issue ordinary shares representing approximately 4.99% of its issued and outstanding share capital to certain Quantum Transportation shareholders in exchange for their full holdings [4]. - A convertible loan of up to $700,000 will be extended to Quantum Transportation at an 8% annual interest rate to support its operations and development roadmap for the next 18 months [5]. Group 2: Technology and Innovation - Quantum Transportation holds an exclusive sublicense for a pending patent application in quantum error correction, which addresses challenges in noisy intermediate-scale quantum devices [2]. - The machine learning-based universal decoder technology from Quantum Transportation is expected to significantly improve quantum error correction, making it adaptable across various hardware platforms [6]. - Rail Vision aims to leverage this technology for transportation applications, enhancing capabilities in anomaly detection, predictive maintenance, and autonomous rail operations [7]. Group 3: Strategic Goals - The combination of Rail Vision's advanced vision and railway safety technologies with Quantum Transportation's quantum-AI based IP is anticipated to create technological synergies and accelerate innovation [3]. - The strategic acquisition is positioned to support long-term value creation for stakeholders by enhancing Rail Vision's current and future product lines [3].
Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation
Globenewswire· 2025-10-09 10:55
Core Viewpoint - Rail Vision Ltd. has announced a strategic acquisition to acquire 51% of Quantum Transportation Ltd., aiming to combine quantum computing capabilities with its railway safety technologies, which could create significant synergies and enhance product offerings [1][2]. Acquisition Details - The acquisition involves Rail Vision issuing ordinary shares representing approximately 4.99% of its share capital to select Quantum Transportation shareholders in exchange for their full holdings, ensuring majority control post-closing [3]. - Rail Vision will also extend a convertible loan of up to $700,000 to Quantum Transportation at an 8% annual interest rate, to support ongoing operations and development [3]. Technology and Innovation - Quantum Transportation's patented machine learning-based universal decoder addresses quantum error correction, which is crucial for scalable quantum computing, and is adaptable across various hardware platforms [4]. - The integration of this technology into Rail Vision's operations is expected to enhance capabilities in anomaly detection, predictive maintenance, and autonomous rail operations, tapping into the growing quantum computing market [4]. Transaction Timeline - The transaction is subject to the signing of definitive agreements and key milestones, with an expected closing within the next 60 days, pending regulatory approvals [5]. Company Overview - Rail Vision is a development stage technology company focused on revolutionizing railway safety and the data-related market through advanced AI technologies designed for railways, aiming to increase safety and efficiency while reducing costs for railway operators [6].
Rail Vision Receives European Patent for Innovative Locomotive Imaging Technology
Globenewswire· 2025-08-11 11:32
Core Viewpoint - Rail Vision Ltd. has received a Decision to Grant from the European Patent Office for a novel system aimed at enhancing railway safety through improved imaging technology [1][4]. Group 1: Patent and Technology - The patented system consists of an imaging device and a processing unit that work together to capture and analyze visual data from a train's forward-facing camera [2]. - The system allows for higher sampling rates by acquiring partial datasets from a Selected Region Of Interest (SROI) during residual time within handling cycles [2][3]. - The processing unit includes a tracking module that detects rails, calculates a safe braking line, and establishes a safe zone for early hazard detection [3]. Group 2: Company Vision and Impact - The CEO of Rail Vision emphasized that the technology will enable train operators to detect hazards sooner and improve operational efficiency, contributing to safer railway transportation [4]. - Rail Vision aims to enhance railway safety and operational efficiency globally, with the potential to advance the concept of autonomous trains [5].