Rail Vision Received $1 Million Order out of a Contract Valued at Up to $5 Million with Leading US-Based Rail and Leasing Services Company

April 11, 2024

https://www.globenewswire.com/news-release/2024/04/11/2861384/0/en/Rail-Vision-Received-1-Million-Order-out-of-a-Contract-Valued-at-Up-to-5-Million-with-Leading-US-Based-Rail-and-Leasing-Services-Company.html

Ra’anana, Israel, April 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, announced today that it has received an initial purchase order amounting to approximately $1 million as part of a contract valued at up to $5 million with a leading US-based rail and leasing services company that the Company announced on January 17, 2024. The order is for the purchase of Rail Vision’s AI-based ShuntingYard products, which are expected to be installed during the third quarter of this year.

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