NASDAQ: RVSN
Company Overview
Research Profile Company Website
Rail Vision is the leading provider of obstacle detection and classification systems in the railway industry. With the Company’s unique cognitive sensor fusion technology, based on advanced electro-optic sensors, artificial intelligence and deep learning, Rail Vision systems detect objects on and along the tracks from a distance of up to two kilometers – in real time – as well as in all weather and light conditions. Tailormade to meet every customer’s specific needs, the systems are available for Main Lines and Shunting Yards, as well as Light Rail Vehicles (LRVs) operating in urban environments. In addition, Rail Vision offers a range of optional complementary features based on collected and analyzed data: Image-based Navigation, GIS Mapping and Predictive Maintenance.
Value Proposition
Rail Vision is at the forefront of an evolution in train safety. The braking distance for trains is often substantially longer than a train driver’s visual capacity, leading to accidents that result in needless loss of life and significant and costly interruptions to key infrastructure corridors. Through advanced, long-range A.I. detection systems, Rail Vision provides unparalleled obstacle identification on and near tracks, a key enabling technology for the future of autonomous train operations. Rio Tinto, one of the world’s largest mining companies, is currently testing the company’s technology on its autonomous mining trains in Australia, and Knorr Bremse, a 110-year-old company and the world’s leader in train braking technology is a key strategic investor in Rail Vision, having invested $25M across two investment cycles. The Company recently announced a 10-unit sales agreement with Israel Railways and a leading rail and rail leasing services company purchased a Rail Vision switch yard system in Q1 2023 for a proof of concept that is expected to lead to a large purchase order in 2H23.
Market Data
Investment Highlights
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State-of-the-art technology systems for railway accident protection and autonomous drive trains
- Award-winning technology solves significant unmet need
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Completed Nasdaq IPO in April 2022
- Capital raised in IPO expected to accelerate growth strategy
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Significant and growing global market
- US freight train industry: $80B
- After-market sales a $78B market in 2020; growing at $3.5B annually
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Major strategic investors, collaborators, and customers
- Knorr Bremse, world leader in train braking systems is a customer and has invested $25M into Rail Vision
- Active pilot programs with customers globally
- Israel Railways purchase 10 main line systems in 1H23 (MOU for potential 200 unit PO)
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New technology development broadens potential market penetration
- Big Data services
- Preventative maintenance
- Smart City interfaces
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Highly experienced leadership team
- Long track records of success in global business, technology, and financial/capital markets
