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Stock impact report

Foresight: Rail Vision's Main Line System Secures EU Railway Standards Approval and Certifications [Yahoo! Finance]

Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX) 
US:NASDAQ Investor Relations: ir.foresightauto.com
Company Research Source: Yahoo! Finance
Ness Ziona, Israel, Jan. 25, 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 received formal certifications for critical European Union (EU) railway standards for its Main Line system. This is an important achievement that underscores Rail Vision's dedication to quality, safety, and innovation in the railway technology market. Foresight owns 10.2% of Rail Vision's outstanding share capital. According to the Association of the European Rail Supply Industry's (UNIFE) World Rail Market study, the EU offers vast opportunities for railway technologies and represents one of the largest markets for rail products and services globally. According to a 2022 research by MarketsandMarkets, the global digital railway market size is expected to surpass $100 billion by 2027, growing at a compound annual growth rate of Show less Read more
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