Rail Vision Delivers MainLine System to a Leading Latin America Mining Company
2023年12月11日 - 10:00PM
Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology
company at the forefront of revolutionizing railway safety and the
data-related market, completed the delivery of a MainLine system to
a leading Latin American (LATAM) mining company. In addition to the
delivery of the system, Rail Vision is providing supervision,
guidance, and training services as part of the $500,000 purchase
order.
"Despite the prevailing challenges in Israel, we
successfully delivered the MainLine system to our valued new
customer in Latin America - right on schedule. This achievement is
a testament to our team's resilience, commitment, and unwavering
dedication to our customers," said Shahar Hania, CEO of Rail
Vision. "Importantly, our work with this customer extends beyond
just delivery of the MainLine system. This is an integral part of
our customer-centric approach, ensuring they have the support to
seamlessly integrate our systems into their operations. I believe
this level of service is what sets Rail Vision apart and reinforces
our reputation as a reliable partner."
The MainLine system, designed to overcome the
challenges of the modern train industry, supports operators in
identifying potential obstacles on the tracks, such as people,
rocks, debris, and vehicles, at a distance of up to two kilometers
(1.2 miles), even in challenging weather and light conditions,
improving the safety of train operations, preventing collisions,
and reducing downtime. Rail Vision's products combines sensitive
imaging sensors with artificial intelligence and deep learning
technologies to detect and classify obstacles on and near the
tracks generating real-time visual and acoustic alerts for the
driver and the operator’s command-and-control center.
The LATAM mining company will benefit from Rail
Vision’s robust MainLine Advance Driver Assistance System (ADAS)
which uses high-end electro-optical sensors, machine learning
algorithms, and edge computing capabilities to improve safety of
train operations, providing operators with accurate and timely
information to make informed decisions. This comprehensive approach
ensures that the MainLine system is seamlessly integrated into the
customer's existing infrastructure and operations, minimizing
disruption and downtime during implementation.
The global railroad market was valued at $281
billion in 2022 and is expected to grow at a CAGR of 5.6% through
2030. The global railway signaling market was valued at $20 billion
in 2022 and projected to surpass $31 billion by 2030.
About Rail Vision Ltd.
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 creating significant benefits and
adding value to everyone who relies on the train ecosystem: from
passengers using trains for transportation to companies that use
railways to deliver goods and services. In addition, the company
believes that its technology has the potential to advance the
revolutionary concept of autonomous trains into a practical
reality. For more information please visit
https://www.railvision.io/
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act and
other securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. For example, the Company is using
forward-looking statements when it discusses the purchase order,
timing of the delivery of delivery of the MainLine system,
expanding to LATAM, bringing significant value to the customer by
enhancing their safety and operational efficiency, and providing
services to the customer. Forward-looking statements are not
historical facts, and are based upon management’s current
expectations, beliefs and projections, many of which, by their
nature, are inherently uncertain. Such expectations, beliefs and
projections are expressed in good faith. However, there can be no
assurance that management’s expectations, beliefs and projections
will be achieved, and actual results may differ materially from
what is expressed in or indicated by the forward-looking
statements. Forward-looking statements are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in the forward-looking
statements. For a more detailed description of the risks and
uncertainties affecting the Company, reference is made to the
Company’s reports filed from time to time with the Securities and
Exchange Commission (“SEC”), including, but not limited to, the
risks detailed in the Company’s annual report on Form 20-F filed
with the SEC on March 23, 2023. Forward-looking statements speak
only as of the date the statements are made. The Company assumes no
obligation to update forward-looking statements to reflect actual
results, subsequent events or circumstances, changes in assumptions
or changes in other factors affecting forward-looking information
except to the extent required by applicable securities laws. If the
Company does update one or more forward-looking statements, no
inference should be drawn that the Company will make additional
updates with respect thereto or with respect to other
forward-looking statements. References and links to websites have
been provided as a convenience, and the information contained on
such websites is not incorporated by reference into this press
release. Rail Vision is not responsible for the contents of
third-party websites.
Contacts
Shahar HaniaChief Executive OfficerRail Vision Ltd.15 Ha'Tidhar
StRa'anana, 4366517 IsraelTelephone: +972- 9-957-7706
Investor Relations:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498RVSN@redchip.com
SOURCE: Rail Vision Ltd.
Rail Vision (NASDAQ:RVSN)
過去 株価チャート
から 5 2024 まで 6 2024
Rail Vision (NASDAQ:RVSN)
過去 株価チャート
から 6 2023 まで 6 2024