Rail Vision Ltd. (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced it has received an order for its AI-driven Switch Yard System from Loram, a leading US- based provider of railway track maintenance equipment and services.
The order from Loram serves as a pilot project aimed at leveraging Rail Vision’s advanced technology to enhance Loram's rail track maintenance operations. This collaboration emphasizes both companies' commitment to pioneering railway safety and operational efficiency. Should the pilot prove successful, the two companies will consider an expansion of this collaboration, further integrating Rail Vision's innovative solutions into Loram's service offerings across the United States.
Further cementing its presence in the U.S. market, Rail Vision's engagement with Loram expands its growing footprint, building on recent milestones, which include a significant sale to a Class 1 US Railroad Company and securing an order from a leading US-based rail contractor valued at up to $5 million.
“We are excited to embark on this project with Loram, a company that shares our dedication to enhancing rail safety and efficiency through innovation and technology,” said Shahar Hania, Rail Vision's Chief Executive Officer. “We believe that this collaboration, alongside our recent successes in the US market, represents a step forward in our mission to redefine railway operations worldwide and establish our brand in the US.”
