Workflow
Autonomous trains
icon
Search documents
Rail Vision Successfully Completes Strategic Acquisition of Majority Stake in Cutting-Edge Quantum Computing Company for Transportation
Globenewswire· 2026-01-14 12:55
Core Viewpoint - Rail Vision Ltd. has completed the acquisition of a 51% ownership interest in Quantum Transportation Ltd., aiming to enhance railway safety and data-related technologies through innovative quantum error correction methods [1][4][3]. Group 1: Acquisition Details - Rail Vision acquired 51% of Quantum Transportation's issued and outstanding share capital, gaining majority ownership and control [4]. - The acquisition involved the issuance of 2,982,710 ordinary shares, representing approximately 4.99% of Rail Vision's total share capital, to former shareholders of Quantum Transportation [5]. - A convertible loan facility of up to $700,000 was extended to Quantum Transportation, with an annual interest rate of 8%, to support its operations and development [6]. Group 2: Technological Synergies - Quantum Transportation holds an exclusive sub-license for rail technologies related to a pending patent application in quantum error correction, which addresses challenges in quantum devices [2]. - The strategic combination of Rail Vision's advanced vision and railway safety technologies with Quantum Transportation's quantum-AI based IP is expected to create significant technological synergies and enhance product lines [3]. - The collaboration aims to accelerate innovation and support long-term value creation for stakeholders in the railway ecosystem [3]. Group 3: Company Overview - Rail Vision is a development stage technology company focused on revolutionizing railway safety and the data-related market through AI-based technologies [7]. - The company aims to improve railway safety, efficiency, and reduce operational costs for railway operators, with potential advancements towards autonomous trains [7].
Rail Vision Advances Indian Market Entry with Demonstration for Senior Governmental Officials from Multiple Government Departments
Globenewswire· 2026-01-06 12:32
Core Insights - Rail Vision Ltd. is expanding its activities in India, having commenced a Proof of Concept (POC) for key stakeholders in the Indian Railway industry [1][2][6] - The Indian Railways is one of the largest networks globally, with a route length of 69,181 km and carrying 6.905 billion passengers annually in the 2023-24 fiscal year, generating revenues of approximately US$28.4 billion [3] - The POC aims to demonstrate Rail Vision's Mainline product capabilities under challenging local conditions, which is crucial for potential large-scale adoption [2][6] Company Overview - Rail Vision is a development stage technology company focused on revolutionizing railway safety and the data-related market through advanced artificial intelligence technology [7] - The company has developed systems designed to enhance safety, increase efficiency, and reduce costs for railway operators, with aspirations to advance autonomous train technology [7] Market Opportunity - The Indian market presents a significant growth opportunity for Rail Vision, supported by collaboration with local partner Sujan Industries and increasing stakeholder engagement [6][7] - The Indian Railways operates a fleet of over 17,000 locomotives, with a notable shift towards full electrification, indicating a progressive environment for technological advancements [4]
Rail Vision's Advanced Railway Safety Technology to Be Showcased at CES 2026 by Israel Railways
Globenewswire· 2026-01-02 12:39
Core Insights - Rail Vision Ltd. is an early commercialization stage technology company focused on revolutionizing railway safety and the data-related market, with its products to be showcased at CES 2026 through Israel Railways [1][4] Group 1: Company Overview - Rail Vision has developed AI-driven technologies aimed at enhancing railway safety, operational efficiency, and reducing costs for railway operators [4] - The company believes its technology can significantly improve railway safety globally and create value for all stakeholders in the train ecosystem, including passengers and freight companies [4] Group 2: Collaboration and Event Participation - Israel Railways, a long-term client of Rail Vision, will present Rail Vision's technologies at the Israel National Pavilion during CES 2026, highlighting their real-world applications [2][3] - David BenDavid, CEO of Rail Vision, will be present at the event to discuss the company's technologies and explore potential partnerships [3][4] Group 3: Technology Impact - Rail Vision's systems are currently in use by Israel Railways to detect obstacles, enhance safety, and improve operational efficiency on main lines [3] - The company aims to advance the concept of autonomous trains into practical reality through its innovative technologies [4]
Rail Vision Enters the Quantum Transportation Market with Strategic Acquisition Agreement
Globenewswire· 2025-12-01 13:19
Ra’anana, Israel, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), an early commercialization stage technology company seeking to revolutionize railway safety and the data-related market, today announced the signing of an agreement for a strategic transaction to acquire 51% ownership of Quantum Transportation Ltd. (the “Acquisition” and “Quantum Transportation”), a cutting-edge quantum computing and AI company specializing in error correction technologies. ...
Rail Vision Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Requirement
Globenewswire· 2025-09-03 20:15
Core Viewpoint - Rail Vision Ltd. has been granted an additional 180-day compliance period by Nasdaq to regain compliance with the minimum bid price rule, extending the deadline to March 2, 2026 [1][2][3] Company Compliance Status - The company was initially notified on March 6, 2025, that its shares did not meet the minimum bid price of $1.00 for 30 consecutive business days, leading to a 180-day compliance period until September 2, 2025 [3] - After failing to regain compliance during the first period, the company requested and received an additional 180-day compliance period [3][5] Compliance Requirements - To regain compliance, the company's ordinary shares must close at or above $1.00 for at least 10 consecutive business days before March 2, 2026 [4] - Nasdaq may require the company to maintain the bid price for a longer period, generally not exceeding 20 consecutive business days [4] Trading Status - The current notification from Nasdaq does not affect the listing or trading of the company's shares, which will continue to trade under the symbol "RVSN" [5] Company Overview - Rail Vision is a technology company focused on enhancing railway safety and efficiency through artificial intelligence [6] - The company aims to revolutionize the railway industry by developing systems that save lives, increase operational efficiency, and reduce costs for railway operators [6] - Rail Vision's technology is positioned to advance the concept of autonomous trains into practical applications [6]
Rail Vision Announces First Half 2025 Financial Results
Globenewswire· 2025-08-22 20:15
Core Viewpoint - Rail Vision Ltd. is positioned to expand its market reach and enhance railway safety through innovative technology, despite facing a significant decrease in revenue in the first half of 2025 compared to the previous year [2][6]. Financial Performance - Rail Vision reported revenues of $237,000 for the six months ended June 30, 2025, a decrease of $524,000 or 69% from $761,000 in the same period of 2024, primarily due to the timing of revenue recognition [6][11]. - The company's operating loss for the first half of 2025 was $5,705,000, compared to an operating loss of $4,185,000 for the same period in 2024 [7][17]. - GAAP net loss for the six months ended June 30, 2025, was $5,679,000 or $0.11 per share, significantly improved from a net loss of $24,324,000 or $1.99 per share in the same period of 2024 [8][11]. - Non-GAAP net loss for the same period was $4,869,000 or $0.10 per share, compared to a non-GAAP net loss of $5,394,000 or $0.44 per share in 2024 [11][25]. Cash Position - As of June 30, 2025, Rail Vision had cash and cash equivalents of $22.4 million, an increase from $17.2 million as of December 31, 2024, primarily due to proceeds from share issuances totaling $9.8 million [3][9]. Commercial Developments - Rail Vision received a purchase order from a Central American freight operator for its MainLine system, marking its initial penetration in Central America [6]. - The company secured a follow-on order worth $335,000 from a leading Latin American mining company, following a successful trial of the MainLine system [6]. - Rail Vision signed a binding Memorandum of Understanding with Sujan Ventures to introduce its safety systems to the Indian market, reflecting its intent to enter a significant rail market [6]. Research and Development - Research and development expenses for the first half of 2025 were $3,241,000, an increase from $2,458,000 in the same period of 2024, attributed to higher salaries and increased R&D activities [6][11]. General and Administrative Expenses - General and administrative expenses rose to $2,512,000 for the first half of 2025, compared to $2,116,000 in the same period of 2024, driven by salary adjustments and one-time bonuses [6][11]. Overall Strategy - The company aims to leverage its strong technological foundation and solid cash position to expand its market reach while continuing to innovate in the railway safety sector [2][12].
Rail Vision Appoints David BenDavid as Chief Executive Officer Following Leadership Transition
Newsfilter· 2025-04-24 13:00
Core Insights - Rail Vision Ltd. has announced a leadership transition with Mr. Shahar Hania stepping down as CEO to pursue new opportunities, effective April 24, 2025, while remaining on the Board of Directors [1][2] - Mr. David BenDavid has been appointed as the new CEO, bringing extensive experience in technology and leadership, having previously served as Rail Vision's CTO [2][3] Company Overview - Rail Vision is a development stage technology company focused on revolutionizing railway safety and the data-related market through advanced artificial intelligence technology [5] - The company's technology aims to enhance railway safety, increase operational efficiency, and reduce costs for railway operators, with potential applications in autonomous train systems [5]
Rail Vision Announces Participation in the LD Micro Invitational XV
Newsfilter· 2025-04-07 13:00
Company Overview - Rail Vision Ltd. is a development stage technology company focused on revolutionizing railway safety and the data-related market through advanced artificial intelligence technology [3] - The company's technology aims to enhance railway safety, increase operational efficiency, and significantly reduce costs for railway operators [3] - Rail Vision believes its innovations could facilitate the practical implementation of autonomous trains, benefiting passengers and companies reliant on rail transport [3] Upcoming Events - Rail Vision will participate in the 15th Annual LD Micro Invitational investor conference in New York on April 9-10, 2025 [1] - CEO Shahar Hania is scheduled to present to investors on April 10 at 10:00 AM ET and will be available for one-on-one meetings throughout the day [2]
Rail Vision Announces Second Half and Full Year 2024 Financial Results: Reports Strong Revenue Growth for the Full Year 2024, Driven by Key Orders and Market Expansion
Globenewswire· 2025-03-31 20:15
Core Insights - Rail Vision Ltd. reported significant revenue growth of 815% for the year ended December 31, 2024, reaching $1.3 million compared to $142,000 in 2023, driven by installations for a leading global mining company and other key orders [6][8][24] - The company secured over $34 million in funding during 2024, enhancing its market presence in the U.S. and expanding its product offerings beyond hardware to a complete railway safety and analytics ecosystem [2][12] - Rail Vision achieved several milestones, including the first-ever national rail installation of its AI-based technology with Israel Railways and entry into the Indian market through a non-binding MOU [7][12] Financial Performance - For the year ended December 31, 2024, the operating loss decreased to $9 million from $11.4 million in 2023, reflecting improved operational efficiency [11][24] - GAAP net loss for the year was $30.7 million, or $1.85 per ordinary share, compared to a net loss of $11.1 million, or $4.30 per share in 2023 [11][24] - Non-GAAP net loss for the year was $10.1 million, or $0.61 per ordinary share, compared to a non-GAAP net loss of $10.9 million, or $4.20 per share in 2023 [11][24] Operational Highlights - The company completed multiple installations in 2024, including with a Class 1 U.S. freight operator and a leading Latin American mining company [7][8] - Rail Vision launched an Active Control System for semi-autonomous train operation and introduced a proprietary SaaS platform, D.A.S.H., for real-time operational insights [7][12] - The company gained regulatory approval for its MainLine System from Israel Railways, unlocking a $300,000 milestone payment [7] Cash Position and Financing - As of December 31, 2024, cash and cash equivalents increased to $17.5 million from $3.3 million in 2023, primarily due to proceeds from a private placement and credit facility [9][12] - The company established an equity line facility allowing it to sell up to $30 million of its ordinary shares over a 36-month period, with gross proceeds of approximately $18.3 million from shares issued [12][9] Research and Development - Research and development expenses decreased to $5.3 million for the year ended December 31, 2024, from $7.1 million in 2023, mainly due to a reduction in workforce [11][24] - General and administrative expenses slightly decreased to $4.2 million in 2024 from $4.3 million in 2023, reflecting cost-cutting measures [11][24]
Rail Vision(RVSN) - Prospectus
2023-11-24 20:17
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rail Vision Ltd. (Exact name of registrant as specified in its charter) Not Applicable As filed with the Securities and Exchange Commission on November 24, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 (Translation of Registrant's Name into English) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Shahar Hania Chief Execu ...