Foresight: Rail Vision Receives Order from Leading US-based Rail Contractor of up to $5 Million

January 24, 2024

https://www.globenewswire.com/news-release/2024/01/24/2815464/0/en/Foresight-Rail-Vision-Receives-Order-from-Leading-US-based-Rail-Contractor-of-up-to-5-Million.html

The rail contractor signed a supply contract for Rail Vision’s AI-based Switch Yard Systems

Ness Ziona, Israel, Jan. 24, 2024 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (Nasdaq:RVSN) (“Rail Vision”) has signed a supply contract with a leading US-based rail and leasing services company valued at up to $5 million for the purchase of Rail Vision’s artificial intelligence (AI)-based Switch Yard Systems. Foresight owns 10.2% of Rail Vision’s outstanding share capital.

Read more at globenewswire.com

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