Rail Vision Seeks to Expand US Market Reach with AI- Driven Safety Systems Through Distribution Engagement

Ra’anana, Israel, April 15, 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, recently announced that as part of its marketing efforts in the US, it entered into a non- binding memorandum of understanding with a leading railway technologies company for the distribution of Rail Vision’s MainLine and ShuntingYard products.

On March 18, 2023, the Company revealed its intention to broaden its sales operations in the US by collaborating with a top distributor to promote its unique products. Furthermore, Rail Vision aims to solidify its standing as a premier provider of safety products by directly engaging with and selling to industry leaders, Class I railroad companies, and top-tier players within the US railway sector.

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.

For additional information regarding the MainLine and ShuntingYard products, please contact: [e-mail]

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/