Rail Vision has established a strategic partnership to enter the Indian rail market, focusing on deploying its MainLine product and ShuntingYard System. The MainLine system completed a two-month proof of concept with a local Indian rail operator, receiving positive feedback for its real-time object detection and classification capabilities. The ShuntingYard System, designed for railway operational areas, was purchased by a leading U.S.-based rail and leasing services company in February 2023. This was followed by a supply contract in January 2024 valued up to $5,000,000, which includes purchase quotas granting the customer exclusivity in the North American industrial railyards switching segment. Initial and follow-on purchase orders have been received under this contract.
Rail Vision Ltd's Comment on Supply Chain
Rail Vision has established a strategic partnership to enter the Indian rail market, focusing on deploying its MainLine product and ShuntingYard System. The MainLine system completed a two-month proof of concept with a local Indian rail operator, receiving positive feedback for its real-time object detection and classification capabilities. The ShuntingYard System, designed for railway operational areas, was purchased by a leading U.S.-based rail and leasing services company in February 2023. This was followed by a supply contract in January 2024 valued up to $5,000,000, which includes purchase quotas granting the customer exclusivity in the North American industrial railyards switching segment. Initial and follow-on purchase orders have been received under this contract.
Sources:
Rail Vision Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
For your research, we’ve provided nine additional tables on Rail Vision Ltd ’s suppliers.
You can find them in the navigation menu under Suppliers.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
