Rail Vision Ltd. (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced that it has entered a non- binding memorandum of understanding with a US-base leading railway technologies company for the distribution of Rail Vision’s MainLine and Switch Yard systems.
The distributor develops leading engineering, science and advanced technological solutions for passenger, transit and freight rail markets for governments and private entities worldwide. Upon the execution of definitive documentation, the ultimate objective of this engagement is for the distributor to market the Company's solutions across North America.
"As we continue to operate in a direct sales channel with industry leaders, class I and top tier players in the railway industry in the U.S., it is important for us to establish a wider network through distributions. We believe that this engagement marks the first step of achieving our objectives and expanding our presence in the North American market," commented Rail Vision CEO, Shahar Hania.
