UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private
Issuer
Pursuant to Rule 13a-16
or 15d-16
under the Securities Exchange
Act of 1934
For the month of January
2024
Commission file number: 001-41334
RAIL VISION LTD.
(Translation of registrant’s
name into English)
15 Ha’Tidhar
St
Ra’anana, 4366517
Israel
(Address of principal
executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
CONTENTS
Attached hereto and incorporated herein is the
Registrant’s press release issued on January 22, 2024, titled “Rail Vision’s Main Line System Successfully Secures Approval
and Certifications and for EU Railway Standards.”
The first, second and fourth paragraphs in the
press release attached as Exhibit 99.1 are incorporated by reference into the Registrant’s Registration Statements on Form
F-3 (File Nos. 333-271068 and 333-272933)
and Form S-8 (Registration No. 333-265968), filed with the Securities
and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents
or reports subsequently filed or furnished.
EXHIBIT
INDEX
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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Rail Vision Ltd. |
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Date: January 22, 2024 |
By: |
/s/ Ofer Naveh |
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Name: |
Ofer Naveh |
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Title: |
Chief Financial Officer |
3
Exhibit 99.1
Rail
Vision’s Main Line System Successfully Secures Approval and Certifications and for EU Railway Standards
Compliance and homologation sets the stage for accelerated adoption
of Rail Vision’s Main Line system across the vast EU market
Ra’anana, Israel, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Rail Vision
Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related
market, today announced that its Main Line system has successfully obtained formal certifications for critical European Union (EU) railway
standards, an important achievement that underscores the Company’s dedication to quality, safety, and innovation in the railway technology
market.
With its extensive railway network and robust demand, the EU offers
vast opportunities for railway technologies and represents the largest absolute market for rail products and services globally, according
to UNIFE World Rail Market. The global digital railway market size is expected to surpass $100 billion by 2027, growing at a compound
annual growth rate of 9.7%.
“Achieving compliance with these EU standards marks a major milestone
for Rail Vision and positions us ahead of the competition in the Railway technology market,” said Noam Shloper, Head of Quality and
Reliability at Rail Vision. “Our team is driven by a commitment to support product quality and safety above all else, and we’re pleased
to complete this important milestone that sets the stage for accelerated adoption of our Main Line system across the vast EU market.”
Rail Vision’s Main Line system is now certified in compliance with
EN 50155, which sets the benchmark for hardware equipment in railway applications, ensuring the robustness and reliability of rolling
stock components. This compliance demonstrates Rail Vision’s system’s ability to withstand the rigorous physical demands of railway operations.
Additionally, the system meets the requirements of EN 50126, focusing on the specification and demonstration of Reliability, Availability,
Maintainability, and Safety (RAMS). This standard is crucial in the railway industry, as it guarantees that the system can be relied upon
for consistent performance and safety. Furthermore, Rail Vision’s system aligns with EN 50657 standards related to software on board
rolling stock. This compliance ensures that the software integrated into the Company’s Main Line system meets the highest levels of safety
and functionality, crucial for the smooth operation of modern trains. The Main Line system also adheres to EN 45545 standards related
to fire protection on railway vehicles.
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 vast opportunities for railway technologies, the expected growth of the global digital railway market and the accelerated
adoption of the Company’s Main Line system across the vast EU market. 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 Hania
Chief Executive Officer
Rail Vision Ltd.
15 Ha’Tidhar St
Ra’anana, 4366517 Israel
Telephone: +972- 9-957-7706
Investor Relations:
Dave Gentry, CEO
RedChip Companies Inc.
407-491-4498
RVSN@redchip.com
SOURCE: Rail Vision Ltd.
Rail Vision (NASDAQ:RVSN)
過去 株価チャート
から 6 2024 まで 7 2024
Rail Vision (NASDAQ:RVSN)
過去 株価チャート
から 7 2023 まで 7 2024