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Rail Vision Unveils Innovative Active Control System, Enabling Semi-Autonomous Locomotive Capabilities

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Rail Vision (Nasdaq: RVSN) has announced a breakthrough in railway safety technology with a new active control system that directly manages locomotive throttle and brakes. Developed in partnership with a major U.S. rail company, this system marks a transition from passive warning systems to active safety controls, advancing towards autonomous rail operations. The technology, which integrates Rail Vision's proprietary AI for real-time insights, will be implemented in shunting yard locomotives starting by the end of 2024 as part of an initial fleet rollout for a leading U.S. customer.

Rail Vision (Nasdaq: RVSN) ha annunciato un progresso nella tecnologia di sicurezza ferroviaria con un nuovo sistema di controllo attivo che gestisce direttamente il comando dell'acceleratore e dei freni della locomotiva. Sviluppato in collaborazione con una grande azienda ferroviaria statunitense, questo sistema segna una transizione dai sistemi di avviso passivi a controlli di sicurezza attivi, avvicinandosi verso operazioni ferroviarie autonome. La tecnologia, che integra l’AI proprietaria di Rail Vision per informazioni in tempo reale, sarà implementata nelle locomotive di manovra a partire dalla fine del 2024 come parte di un lancio iniziale per un importante cliente statunitense.

Rail Vision (Nasdaq: RVSN) ha anunciado un avance en la tecnología de seguridad ferroviaria con un nuevo sistema de control activo que gestiona directamente el acelerador y los frenos de la locomotora. Desarrollado en asociación con una importante empresa ferroviaria de EE.UU., este sistema marca una transición de sistemas de advertencia pasivos a controles de seguridad activos, avanzando hacia operaciones ferroviarias autónomas. La tecnología, que integra la IA propietaria de Rail Vision para obtener información en tiempo real, se implementará en locomotoras de maniobra a partir de finales de 2024 como parte de un lanzamiento inicial para un cliente líder en EE.UU.

Rail Vision (Nasdaq: RVSN)는 locomotiva의 스로틀과 브레이크를 직접 관리하는 새로운 액티브 제어 시스템을 통해 철도 안전 기술의 혁신을 발표했습니다. 미국의 주요 철도 회사와 협력하여 개발된 이 시스템은 수동 경고 시스템에서 능동적인 안전 제어로의 전환을 나타내며, 자율 철도 운영 방향으로 나아가고 있습니다. Rail Vision의 독자적인 AI를 통합하여 실시간 통찰력을 제공하는 이 기술은 2024년 말까지 주요 미국 고객을 위한 초기 함대 출시의 일환으로 교행터미널의 locomotiva에 적용될 것입니다.

Rail Vision (Nasdaq: RVSN) a annoncé une avancée dans la technologie de sécurité ferroviaire avec un nouveau système de contrôle actif qui gère directement l'accélérateur et les freins de la locomotive. Développé en partenariat avec une grande entreprise ferroviaire américaine, ce système marque une transition des systèmes d'avertissement passifs vers des contrôles de sécurité actifs, avançant vers des opérations ferroviaires autonomes. La technologie, qui intègre l'IA propriétaire de Rail Vision pour des informations en temps réel, sera mise en œuvre dans les locomotives de manœuvre à partir de la fin de 2024 dans le cadre d'un déploiement initial pour un client américain majeur.

Rail Vision (Nasdaq: RVSN) hat einen Durchbruch in der Eisenbahnsicherheitstechnik angekündigt mit einem neuen aktiven Kontrollsystem, das direkt die Lokomotivsteuerung und Bremsen verwaltet. In Zusammenarbeit mit einem großen US-Eisenbahnunternehmen entwickelt, markiert dieses System einen Übergang von passiven Warnsystemen zu aktiven Sicherheitskontrollen und führt in Richtung autonomer Eisenbahnbetrieb. Die Technologie, die die hauseigene KI von Rail Vision für Echtzeit-Einblicke integriert, wird ab Ende 2024 in Rangierlokomotiven im Rahmen eines ersten Flottenstarts für einen führenden US-Kunden implementiert.

Positive
  • Development of new active control system for autonomous rail operations
  • Secured implementation agreement with major U.S. rail company
  • System deployment scheduled for end of 2024
  • Advancement from passive ADAS to active control capabilities
Negative
  • None.

Insights

The development of an active locomotive control system marks a significant technological leap from passive warning systems. The integration of AI-driven real-time control over throttle and brakes represents a important step toward autonomous rail operations. This advancement positions Rail Vision strategically in the emerging autonomous rail market.

The system's implementation in shunting yards - where accidents are more common due to frequent locomotive movements - addresses a critical safety need. While the initial deployment with one U.S. customer is promising, the technology's scalability and potential adoption by other rail operators could drive substantial growth. However, the 9.67M market cap suggests investors remain cautious about execution risks and the timeline to broader market adoption.

The system will be deployed as part of the initial rollout on the fleet of one of its leading U.S customers, with implementation starting by the end of 2024

Ra’anana, Israel, Nov. 18, 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, today announced an
innovative advancement in railway safety and control. Developed in collaboration with a major U.S.-based rail company, Rail Vision’s new system transitions from passive warning systems to active safety systems that directly control locomotive throttle and brakes, setting a new step towards autonomous rail operations.

This next-generation capability, tailored for shunting yard locomotives, leverages Rail Vision’s proprietary AI technology to provide real-time insights integrated into the customer’s locomotive control systems. The system will be deployed as part of the initial rollout on the customer’s U.S. fleet, with implementation starting by the end of 2024.

This advancement signals a significant transition from passive warning Advance Driver Assistance Systems (ADAS) to the active control of the throttle and brakes which is done in real-time for autonomous applications in order to mitigate risks and preserve business continuity.

“This development represents a major milestone in our commitment to supporting the evolution of autonomous rail operations and reflects our close relationship with this leading customer,” said Shahar Hania, CEO of Rail Vision. “By bridging the gap between humans and advanced detection systems, we are enabling our customers to enhance safety and optimize performance.”

This innovation underscores Rail Vision’s dedication to pioneering next-generation technologies for the global rail industry.

About Rail Vision Ltd.
Rail Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality. For more information, please visit https://www.railvision.io/

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses its commitment to supporting the evolution of autonomous rail operations. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F filed with the SEC on March 28, 2024. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites.

Investor Relations:
Michal Efraty
investors@railvision.io


FAQ

What is Rail Vision's (RVSN) new active control system?

Rail Vision's new active control system is an AI-powered technology that directly controls locomotive throttle and brakes, enabling semi-autonomous capabilities for shunting yard locomotives.

When will Rail Vision (RVSN) implement its new control system?

Rail Vision will begin implementing its new active control system by the end of 2024 as part of an initial fleet rollout with a leading U.S. customer.

How does Rail Vision's (RVSN) new system differ from previous technology?

The new system transitions from passive warning systems to active safety systems that directly control locomotive throttle and brakes in real-time, representing a significant advancement toward autonomous rail operations.

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