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Rail Vision Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2026-02-23 12:15
Core Viewpoint - Rail Vision Ltd. has regained compliance with Nasdaq's minimum bid price requirement after its stock price was above $1.00 for 10 consecutive business days, resolving a previous non-compliance issue [1][2][3]. Company Overview - Rail Vision is an early commercialization stage technology company focused on enhancing railway safety and the rail data market through advanced artificial intelligence technology [4]. - The company's technology aims to save lives, increase efficiency, and significantly reduce costs for railway operators, while also contributing to the potential realization of autonomous trains [4].
Rail Vision CEO: Concluding 2025 with a Strong Cash Position, Zero Debt, Commercialization Gains, Global Expansion and Powerful Partnerships. Quantum Rail Innovation Ahead
Globenewswire· 2026-02-11 12:32
Core Insights - Rail Vision Ltd. is focused on revolutionizing railway safety and the data-related market, with a strong emphasis on commercialization and strategic partnerships [1][10] Group 1: 2025 Achievements - In 2025, Rail Vision secured a purchase order from a leading freight rail operator in Central America for its MainLine system, which is currently in an advanced trial phase and receiving positive feedback [2] - The company deepened its partnership with Israel Railways, showcasing its technology at CES 2026 and progressing towards deploying its ShuntingYard system in the cargo division [3] - Rail Vision obtained a follow-on order worth $335,000 from a major mining company in Latin America, indicating strong demand for its technology in industrial rail environments [4] - A memorandum of understanding was established with Sujan Industries in India, leading to a high-profile Proof of Concept project that demonstrated the MainLine product's capabilities [5] Group 2: Strategic Developments - Rail Vision made a strategic acquisition of a 51% stake in Quantum Transportation, enhancing its capabilities in quantum computing and AI, which could lead to advancements in predictive safety and autonomous operations [6] - The company aims to convert pilots and Proof of Concepts into revenue and fleet-wide deployments, leveraging its strong balance sheet to scale sales and marketing [8] - Rail Vision plans to expand its geographic footprint through strategic partners and distributors while integrating quantum-AI capabilities to position itself as a leader in future autonomous railways [8] Group 3: Future Outlook - The company is well-positioned for 2026, supported by validated technology, strong partnerships, and a focus on disciplined growth and long-term value creation [7]
Rail Vision: Quantum Transportation Unveils Transformer Neural Decoder That Outperforms Classical QEC Algorithms in Simulations
Globenewswire· 2026-02-05 13:28
Core Insights - Rail Vision Ltd. has announced a significant technical breakthrough through its subsidiary Quantum Transportation, achieving a prototype of a transformer-based neural decoder aimed at enhancing quantum error correction (QEC) [1][3] Group 1: Technical Breakthrough - The first-generation transformer-based neural decoder is a code-agnostic solution designed to improve scalable quantum error correction [1] - The decoder utilizes advanced transformer architectures, demonstrating superior decoding accuracy and efficiency in simulations compared to classical algorithms like Minimum-Weight Perfect Matching (MWPM) and Union-Find [2] Group 2: Collaboration and Future Applications - The breakthrough supports ongoing collaboration between Rail Vision and Quantum Transportation, combining their respective technologies to enhance railway safety and data analysis [3] - The companies are exploring long-term applications of similar data analysis methodologies in Rail Vision's core technology, which focuses on railway safety and efficiency [3] Group 3: Quantum Transportation Overview - Quantum Transportation aims to develop a Quantum Error Correction Simulator powered by a patented Transformer-based Universal Decoder, which generalizes across quantum codes and learns from noise patterns [4] - The patented Deep Quantum Error Correction Transformer (DQECCT) introduces a machine-learning decoder that optimizes error correction across various quantum codes, including Surface, Color, Bicycle, and Product Codes [4] Group 4: Rail Vision Overview - Rail Vision is a development stage technology company focused on revolutionizing railway safety and the data-related market through AI-based technologies [5] - The company aims to enhance railway safety, increase operational efficiency, and reduce costs for railway operators, with aspirations to advance autonomous train technology [5]
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 Granted Key Patent in Europe for Advanced AI-Based Railway Collision Avoidance System
Globenewswire· 2025-12-15 13:32
Core Insights - Rail Vision Ltd. has been granted a European patent for its innovative railway collision avoidance method and system, enhancing its global intellectual property protection strategy [1][4] - The patented technology utilizes advanced electro-optical imaging and deep learning to detect potential obstacles in real time, significantly improving railway safety [2][3] - The company aims to revolutionize railway operations through AI and big data, with a focus on increasing safety and efficiency while reducing costs for railway operators [5] Technology Overview - The patented system employs a forward-looking single-spectrum or multispectral imaging approach, combined with a unique Convolutional Neural Network (CNN) for railway path determination [2] - A secondary CNN analyzes the vicinity of the identified path to detect hazards such as obstructions and impending end-of-rail effects [3] - The technology provides critical alarms for various hazards, supporting both manned and fully automated train operations [3] Strategic Positioning - The patent reinforces Rail Vision's position as an innovator in the railway sector, building on previous approvals in the United States, Japan, and India [1][4] - The company believes its technology will not only enhance safety but also facilitate the development of autonomous trains, creating significant value for the entire train ecosystem [5]
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 Enters the Quantum Transportation Market with Strategic Acquisition Agreement
Globenewswire· 2025-12-01 13:19
Core Viewpoint - Rail Vision Ltd. is acquiring 51% ownership of Quantum Transportation Ltd., a quantum computing and AI company, to enhance railway safety and data-related technologies, with the acquisition expected to close between late December 2025 and early January 2026 [1][3]. Group 1: Acquisition Details - The acquisition involves Rail Vision obtaining 51% ownership of Quantum Transportation, which specializes in error correction technologies in quantum computing [1][2]. - 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 for the next 18 months [5]. Group 2: Technology and Innovation - Quantum Transportation holds an exclusive sub-license for a pending patent application in quantum error correction, which addresses challenges in noisy intermediate-scale quantum devices [2][6]. - The technology developed by Quantum Transportation is expected to enable efficient, real-time decoding of surface code errors, significantly reducing computational overhead compared to traditional methods [2][6]. - Rail Vision aims to leverage this technology for applications in anomaly detection, predictive maintenance, and autonomous rail operations, tapping into the growing quantum computing market [7]. Group 3: Strategic Goals - The strategic combination of Rail Vision's railway safety technologies with Quantum Transportation's quantum-AI based IP is anticipated to create technological synergies and enhance product lines [3]. - This acquisition is expected to accelerate innovation and support long-term value creation for stakeholders [3]. - Rail Vision believes that its technology can significantly improve railway safety and efficiency, potentially advancing the concept of autonomous trains [8].
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 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].