February 9, 2023

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Rail Vision Demos AI-Based Obstacle Detection Technology for a Class 1 North American Railroad Operator

Rail Eyesight Ltd.

Collaborating with strategic partners, Rail Vision shown area applicability of built-in systems for autonomous switching property functions

Ra’anana, Israel, Jan. 09, 2023 (Globe NEWSWIRE) — Rail Eyesight Ltd. (the “Company”) (Nasdaq: RVSN), a technological innovation firm that is searching for to revolutionize railway basic safety and the information-associated market place, nowadays announced the prosperous demonstration of the discipline applicability of its impressive Switch Property Process for a Class 1 North American railroad.

“Our AI-primarily based obstacle detection know-how is a crucial enabling technological know-how for the potential of autonomous educate functions,” commented Rail Vision CEO Shahar Hania. “The integration of our Switch Garden System with driverless locomotive technological know-how produces chances for a broader software of autonomous switching functions that could in the end maximize capacity and throughput for railroad operators.”

The demonstration showcased Rail Vision’s technological innovation on an SD40 locomotive geared up with autonomous driving know-how and an state-of-the-art electronic air brake procedure. In wet and foggy weather, Rail Vision’s obstacle detection technique enabled the locomotive to efficiently navigate a lot of complicated hurdles in the course of both standard and autonomous functions, figuring out and furnishing the distance to people today, automobiles, and rail gear, as effectively as pinpointing the alignment of swap points. The demonstration obtained GoA4 standing. GoA4, which calls for no on-educate staff, is the optimum level of automated teach operations.

Rail Vision’s Switch Garden Method takes advantage of electro-optic sensors (together with thermal and working day digital camera) mixed with AI and machine discovering Progress Driver Aid Technique (ADAS) methods to overcome constrained eyesight problems, growing the array of sight, and reducing downtime, when escalating punctuality, effectiveness, and protection. Rail Vision’s alternatives handle important problems in the marketplace with its reducing-edge AI-centered Obstacle Detection Process (ODS), enabling rail operators to navigate road blocks and incidents, significant operational charges, lack of personnel, ability, and servicing difficulties, hefty targeted traffic on the tracks, substantial driving distances, and harsh climate situations conveniently and swiftly.

“We foresee finishing a more in-depth adhere to-on demonstration just before launching an official proof-of-idea pilot system for this Course 1 railroad,” included Hania. “Rail Eyesight is positioned for a breakout year in 2023 as our technological innovation carries on to acquire traction with main clients globally.”

About Rail Eyesight Ltd.

Rail Vision is a engineering company that is in search of to revolutionize railway basic safety and the facts-similar sector. The Business has made slicing-edge, artificial intelligence based, field-top technology precisely made for railways. The Enterprise has designed its railway detection and units to help you save lives, maximize effectiveness, and drastically reduce expenditures for the railway operators. Rail Eyesight thinks that its technologies will significantly boost railway security close to the globe, though building important gains and adding benefit to absolutely everyone who depends on the prepare ecosystem: from travellers employing trains for transportation to organizations that use railways to supply products and expert services. In addition, the firm believes that its technological know-how has the opportunity to advance the groundbreaking concept of autonomous trains into a sensible fact. For a lot more info make sure you check out https://www.railvision.io/

Ahead-Wanting Statements

This push release includes “forward-hunting statements” within the meaning of the Personal Securities Litigation Reform Act and other securities legislation. Text these types of as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and equivalent expressions or variations of this sort of text are meant to detect forward-on the lookout statements. For example, the Organization is working with forward-hunting statements when it discusses that it anticipates finishing a far more in-depth adhere to-on demonstration just before launching an formal evidence-of-strategy pilot application for this Class 1 railroad, and that it is positioned for a breakout yr in 2023 as its technology carries on to acquire traction with consumers. Forward-looking statements are not historic specifics, and are based on management’s present anticipations, beliefs and projections, numerous of which, by their mother nature, are inherently uncertain. These types of anticipations, beliefs and projections are expressed in superior faith. However, there can be no assurance that management’s anticipations, beliefs and projections will be reached, and actual benefits may well vary materially from what is expressed in or indicated by the forward-looking statements. Ahead-hunting statements are matter to risks and uncertainties that could result in actual effectiveness or final results to vary materially from people expressed in the forward-seeking statements. For a a lot more thorough description of the hazards and uncertainties impacting the Business, reference is produced to the Company’s reviews submitted from time to time with the Securities and Trade Commission (“SEC”), which include, but not minimal to, the challenges comprehensive in the Company’s yearly report on Variety 20-F filed with the SEC on May 16, 2022. Ahead-searching statements converse only as of the date the statements are built. The Firm assumes no obligation to update ahead-hunting statements to reflect true results, subsequent situations or conditions, adjustments in assumptions or modifications in other factors impacting forward-searching details except to the extent necessary by applicable securities regulations. If the Firm does update a single or extra forward-wanting statements, no inference should really be drawn that the Business will make more updates with respect thereto or with respect to other ahead-hunting statements. References and links to web sites have been delivered as a usefulness, and the information contained on this sort of web sites is not incorporated by reference into this press release. Rail Vision is not liable for the contents of third-bash web-sites.

Contacts

Shahar Hania
Main Government Officer
Rail Vision Ltd.
15 Ha’Tidhar St
Ra’anana, 4366517 Israel
Phone: +972- 9-957-7706

Investor Relations:

Dave Gentry, CEO
RedChip Organizations Inc.
407-491-4498
[email protected]

Source: Rail Eyesight Ltd.