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Rail Vision Wins US Order Advancing Railway Safety with AI Technology

Retrieved on:

Tuesday, April 9, 2024

ODS, ADAS, Artificial intelligence, Transport, AI, RVSN, Accident, Safety, Punctuality, Machine learning, Weather, Rail transport

Ra’anana, Israel, April 09, 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, recently announced its latest achievement: securing an order for its innovative AI-powered Switch Yard System from a Class 1 freight rail company in North America.

Key Points:

This order, previously announced, represents a significant vote of confidence in Rail Vision’s technology and a milestone in the company's expansion into the North American market, setting a new precedent for safety and efficiency in rail operations.
The freight rail company, which is one of the largest in North America, will install and use the system on its locomotive for evaluation and testing different scenarios related to safety.
Shahar Hania, CEO of Rail Vision, said: "We believe that this new order marks a significant milestone for Rail Vision emphasizing the rail industry's confidence in our innovative rail management solutions.
This venture in North America is just the beginning of our quest to bring new standards of safety and operational excellence in rail transportation."

Rail Vision Receives Purchase Order from Loram, a Top US-Based Railway Track Maintenance Supplier

Retrieved on:

Wednesday, April 3, 2024

Sale, RVSN, Safety

The order from Loram serves as a pilot project aimed at leveraging Rail Vision’s advanced technology to enhance Loram's rail track maintenance operations.

Key Points:

The order from Loram serves as a pilot project aimed at leveraging Rail Vision’s advanced technology to enhance Loram's rail track maintenance operations.
This collaboration emphasizes both companies' commitment to pioneering railway safety and operational efficiency.
Should the pilot prove successful, the two companies will consider an expansion of this collaboration, further integrating Rail Vision's innovative solutions into Loram's service offerings across the United States.
“We are excited to embark on this project with Loram, a company that shares our dedication to enhancing rail safety and efficiency through innovation and technology,” said Shahar Hania, Rail Vision's Chief Executive Officer.

Rail Vision Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Thursday, March 28, 2024

Research, Exercise, RVSN, Safety, USD, Cryptocurrency

RA’ANANA, Israel, March 28, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points:

RA’ANANA, Israel, March 28, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
In December 2023, Rail Vision completed the delivery of a Main Line system to a leading Latin American (LATAM) mining company.
In January 2023, Rail Vision signed an agreement with Israel Railways for the purchase of 10 Rail Vision Main Line Systems.
Revenues were $142,000 for the year ended December 31, 2023, comprised from a US-based rail and leasing services company that purchased a Rail Vision Switch Yard System during Q1 2023 and completed its evaluation during Q3 2023.

Rail Vision Received Approval from Alstom to Install the AI Main Line system on its Locomotives

Retrieved on:

Tuesday, March 26, 2024

RVSN, Alstom, Safety, Monorail, Rail transport

Ra’anana, Israel, March 26, 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 it has received an approval from Alstom SA, a global leading rolling stock manufacturer, to install the Company's AI-driven Main Line system on Alstom's locomotives.

Key Points:

The approval is a part of the previously announced first commercial installation of the Company with a national railways line, Israel Railways.
Israel Railways, has purchased ten Rail Vision Main Line system to be installed on Alstom’s locomotives.
Alstom's confirmation serves as a testament to the exceptional quality of the Main Line system, which has surpassed the rigorous standards of its locomotive systems.
Alstom, a leading provider of mobility solutions, offers an extensive array of products and services that cater to diverse customer needs.

Rail Vision Engages with US Distributer for its AI- Driven Railway system

Retrieved on:

Monday, March 18, 2024

RVSN, Documentation, Engineering, Science, Rail transport

The distributor develops leading engineering, science and advanced technological solutions for passenger, transit and freight rail markets for governments and private entities worldwide.

Key Points:

The distributor develops leading engineering, science and advanced technological solutions for passenger, transit and freight rail markets for governments and private entities worldwide.
Upon the execution of definitive documentation, the ultimate objective of this engagement is for the distributor to market the Company's solutions across North America.
"As we continue to operate in a direct sales channel with industry leaders, class I and top tier players in the railway industry in the U.S., it is important for us to establish a wider network through distributions.
We believe that this engagement marks the first step of achieving our objectives and expanding our presence in the North American market," commented Rail Vision CEO, Shahar Hania.

AI Stocks - Another Application to Watch; Transforming the Future of Transportation Safety

Retrieved on:

Monday, March 4, 2024

The Artificial Intelligence (AI) revolution is impacting all sectors, and transportation has not been left out.

Key Points:

The Artificial Intelligence (AI) revolution is impacting all sectors, and transportation has not been left out.
"AI is revolutionizing the transportation industry in many ways, and its impact on safety is significant.
This signifies a significant step forward in Rail Vision's commitment to advancing rail safety and efficiency through cutting-edge technologies.
Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts.

Rail Vision Received Order from a Class 1 US Railroad Company for its AI-Based Safety System

Retrieved on:

Monday, March 11, 2024

Punctuality, Weather, RVSN, AI, Transport, ADAS, Safety, ODS, Machine learning, Accident, Rail transport

Ra’anana, Israel, March 11, 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 it has received an order for its AI-driven Switch Yard System from a Class 1 freight rail company in the US.

Key Points:

Ra’anana, Israel, March 11, 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 it has received an order for its AI-driven Switch Yard System from a Class 1 freight rail company in the US.
The freight rail company, which is one of the largest in North America, will install and use the system on its locomotive for evaluation and testing different scenarios related to safety.
"We believe that this new order is a milestone for Rail Vision that signifies the industry's trust in our solutions to navigate the complexities of rail operations.
This is another the beginning of our journey in North America to make rail transportation safer and more efficient for everyone", commented Rail Vision CEO, Shahar Hania.

Rail Vision Deploys its Groundbreaking AI Safety System in a National Railways Line

Retrieved on:

Wednesday, March 6, 2024

Safety, Algorithm, RVSN, Rail transport

Ra’anana, Israel, March 06, 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 for the railway industry, has announced the first commercial installation of its AI-driven Main Line Systems in a national railways line, marking a significant milestone in the Company's journey towards revolutionizing railway safety and efficiency.

Key Points:

This commercial installation, which was previously announced on February 20, 2024, was a result of a successful evaluation process which led to the purchase of ten Rail Vision Main Line Systems by Israel Railways.
Leveraging advanced artificial intelligence (AI) algorithms and cognitive vision sensors, Rail Vision's Main Line Systems offer unparalleled capabilities in real-time threat detection, predictive maintenance and operational optimization.
Rail Vision's Main Line Systems utilize innovative sensors and AI algorithms to detect and classify potential threats on railway tracks, including obstacles and unauthorized intrusions.
The installation of Rail Vision's Main Line Systems in a national railways line marks a significant validation of the technology's capabilities and the Company's commitment to innovation.

Leveraging Artificial Intelligence for Vision Applications and Technologies Market Expected to Reach $45 Billion By 2028

Retrieved on:

Friday, March 1, 2024

A report from MarketsAndMarkets projected that the global AI in Computer Vision Market Size which was valued at USD 17.2 Billion in 2023 is projected to reach USD 45.7 Billion by 2028; it is expected to grow at a CAGR of 21.5% through 2028.

Key Points:

A report from MarketsAndMarkets projected that the global AI in Computer Vision Market Size which was valued at USD 17.2 Billion in 2023 is projected to reach USD 45.7 Billion by 2028; it is expected to grow at a CAGR of 21.5% through 2028.
The report said: “Increasing demand for automation and efficiency is one of the key drivers for the AI in the computer vision market growth.
MarketsAndMarkets continued: “AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period.
AI in computer vision for the software segment is predicted to attain the highest market share during the forecast period.

Rail Vision Joins NVIDIA Metropolis to Boost Railway Safety Systems

Retrieved on:

Thursday, February 29, 2024

Safety, Nvidia Jetson, RVSN

Ra’anana, Israel, Feb. 29, 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 announces that it is joining NVIDIA Metropolis, a partner program, application framework, and set of developer tools focused on bringing to market a new generation of vision AI applications. This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.

Key Points:

This signifies a significant step forward in Rail Vision’s commitment to advancing rail safety and efficiency through cutting-edge technologies.
NVIDIA Metropolis makes it easier and more cost-effective for enterprises, governments, and integration partners to use world-class, AI-enabled technologies to improve critical operational efficiency and solve safety problems.
Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts.
Rail Vision uses the NVIDIA Jetson and other NVIDIA edge AI platforms, which provide accelerated computing in compact and energy-efficient modules, and also uses the NVIDIA TensorRT software development kit for high-performance deep learning inference.