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
Rail Vision Ltd. - Ordinary Shares (RVSN)
Company Research
Source: GlobeNewswire
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. “We're delighted with the successful execution of our contract with this esteemed customer, marking the receipt of our initial order from it. Since the start of 2024, we've been expanding our presence in the US, achieving significant milestones in collaboration with leading companies in the rail industry. We intend to persist in our marketing endeavors, recognizing the growi
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RVSN
News
- Rail Vision score major US order advancing railway safety using its AI technology [Yahoo! Finance]Yahoo! Finance
- Rail Vision Seeks to Expand US Market Reach with AI- Driven Safety Systems Through Distribution EngagementGlobeNewswire
- Rail Vision gets $1 mln order out of contract valued at up to $5 mln [Seeking Alpha]Seeking Alpha
- 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 [Yahoo! Finance]Yahoo! Finance
- Rail Vision Wins US Order Advancing Railway Safety with AI TechnologyGlobeNewswire
RVSN
Sec Filings
- 4/24/24 - Form EFFECT
- 4/12/24 - Form F-3
- 4/11/24 - Form 6-K
- RVSN's page on the SEC website