Rail Vision Sets New Safety Standards for Europe: Achieves Regulatory Approval and Certificate for Railway Operation in the EU
February 26 2024 - 8:52AM
Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology
company at the forefront of revolutionizing railway safety and the
data-related market, announced a significant advancement through
the successful approval and compliance of its Main Line system for
operation across the European Union (EU). This achievement, which
was recently announced, sets a new standard in railway safety and
opens the door for unprecedented growth and adoption of Rail
Vision's cutting-edge technology in the expansive EU market.
A New Era of Railway Safety and Efficiency
The Main Line system, Rail Vision's flagship innovation, has
been officially approved and is now poised to redefine railway
safety and operational efficiency throughout Europe. This
state-of-the-art system offers unparalleled capabilities in
detecting and identifying objects on and near tracks in real time,
significantly reducing the risk of accidents and enhancing the
overall safety of railway operations.
Driving Growth and Adoption Across Europe
With this approval, Rail Vision is set to accelerate the
adoption of its Main Line system, showcasing the potential to
dramatically improve railway safety standards across the EU. This
milestone is a testament to Rail Vision's technological prowess and
also aligns with the EU's commitment to enhancing transport safety
and efficiency.
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 StatementsThis 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. 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.
Investor RelationsMichal
Efraty+972-(0)52-3044404michal@efraty.com
ContactsShahar HaniaChief Executive OfficerRail
Vision Ltd.15 Ha'Tidhar StRa'anana, 4366517 IsraelTelephone: +972-
9-957-7706
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