Foresight: Rail Vision Enters Electrically Powered Light Rail Vehicle Multi-Billion Dollar Market with Order from Knorr-Bremse
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
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Source: Business Wire
Rail Vision will supply two light rail vehicle system samples and will begin the system industrialization project for a total of 400,000 Euro NESS ZIONA, Israel--(BUSINESS WIRE)--Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd., has received an order from Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX), for two samples of their light rail vehicle (LRV) system. In addition, Knorr-Bremse has ordered customization of Rail Vision’s LRV system features according to Knorr-Bremse’s requirements. Revenue from this order is expected to total approximately 400,000 Euro. Knorr-Bremse, a $17-billion European-based group, recently invested $10 million in Rail Vision, as reported by the Company on October 13, 2020. Foresight owns 19.36% of Rail Vision’s outstanding share capital.The global market for light rail estimated at $8.6 billion in 2
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FRSX
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 20-F
- 3/22/24 - Form 6-K
- FRSX's page on the SEC website