Foresight: Rail Vision Receives Order from Leading US-based Rail Contractor of up to $5 Million
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
US:NASDAQ Investor Relations:
ir.foresightauto.com
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Source: GlobeNewswire
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. "The signing of the contract with this customer is a significant milestone for Rail Vision, marking our entrance into the US market and reflecting our commitment to enabling the rail industry with cutting-edge AI-based technology," said Shahar Hania, CEO of Rail Vision. "Our Switch Yard System is designed to significantly improve safety and efficiency in rail yards. We are pr
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FRSX
Sec Filings
- 4/17/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/27/24 - Form 6-K
- FRSX's page on the SEC website