Business
Rail Vision Launches Proof-of-Concept Pilot Program with Leading US-Based Rail & Leasing Services Company
Ra’anana, Israel, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company that is seeking to revolutionize
About this update from Rail Vision Ltd.
[{"type":"text","content":"Ra’anana, Israel, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company that is seeking to revolutionize railway safety and the data-related market, announced today that a leading US-based rail and leasing services company purchased a Rail Vision Switch Yard System to evaluate its performance during a six-month trial. Rail Vision’s new customer offers a suite of rail-centric services including in-plant rail switching and material handling services. Rail Vision’s unique Switch Yard System enables railway operators to streamline and enhance the safety of their shunting operations. Combining advanced vision sensors with artificial intelligence and deep learning technologies, the system automatically detects and classifies objects within a range of up to 200 meters, regardless of weather and light conditions. In addition, it enables the monitoring of operational dead zones to facilitate secure wagon coupling and sends real-time visual and acoustic alerts to remote operators and drivers, ensuring a safe and secure environment. With its one-of-a-kind Pathfinder technology, the Switch Yard System can detect switch states to support the execution of coupling from a remote position. “Our Switch Yard System outperformed during initial technical testing conducted by this customer, prompting their team to travel to Israel to witness a live demo of the system in use with Israel Railways,” commented Rail Vision CEO Shahar Hania. “Impressed by the demo and initial testing, this new customer purchased a Switch Yard System for $140,000 with support and plans to conduct additional testing over a six-month trial period to further evaluate the benefits of implementing our technology across their fleet.” “In addition to implementing our Switch Yard System trial, we have also begun discussions with this customer about the potential implementation of Automatic Train Operation (ATO) management software,” added Hania. “We are excited to see our technology gain traction with major customers globally. In addition to this latest purchase, our Switch Yard System is already in use with SBB Cargo, a subsidiary of Swiss Federal Railways, where it is actively improving safety and efficiency for the rail freight operator, and we anticipate additional new customer announcements in the weeks and months ahead.” Abou...