Rail Vision Ltd. (NASDAQ: RVSN), a development stage technology company seeking to revolutionize railway safety and the data-related market, announced that it has launched a long-term pilot program with Rio Tinto Iron Ore for the AutoHaul® project, the world’s first automated, long distance, heavy haul rail network. As part of the Company’s contract with Hitachi Rails STS, the lead project technology partner and integrator, the Rail Vision Main Line System will be tested in Pilbara Western Australia for a duration of three months under the long-term pilot program with an option to extend for an additional six months in different use-cases.
“The long-term pilot is an extension of the AutoHaul® project, which is at the forefront of the future of autonomous train operations,” commented Shahar Hania, CEO and co-founder of Rail Vision. “Through advanced, long-range artificial intelligence detection systems, our technology provides unparalleled obstacle identification on and near tracks, making it a key enabling technology for autonomous trains and an ideal solution for the world-first AutoHaul® project.”
Disclosure
Rail Vision Ltd. (RVSN) is a client of RedChip Companies, Inc. RVSN agreed to pay RedChip Companies, Inc. a $5,000 monthly cash fee pre-IPO and $10,000 monthly cash fee post-IPO, beginning in February 2022, for six (6) months of RedChip investor awareness services.
