At the time of the most recent check, shares of Rail Vision Ltd. (RVSN) were up 34.98% to trade at $0.81.
There are some grounds to think that recent events will provide more information about the technology firm given that RVSN stock gained even in the absence of recent news.
What has occurred recently at RVSN?
On September 20–23, at InnoTrans 2022 in Berlin, Train Vision (RVSN) presented its most recent artificial intelligence (AI)-based solutions for increased rail safety. For Rail Vision, InnoTrans was a success since its exhibit was active the whole time. Customers from all over the world, including the US, Australia, India, Italy, Taiwan, Korea, the UK, and more, saw how RVSN was leading an evolution in railway safety.
In order to commercialize its revolutionary AI-based technology for the identification and categorization of items on and around the tracks, RVSN intends to turn the significant interest raised during the event into long-term pilots and ultimately commercial contracts. Rail Vision has created AI-based solutions that allow railroad operators to increase the productivity of intercity trains and marshaling yards while enhancing safety, preventing collisions, and reducing costs.
Rail Vision’s technology creates real-time visual and aural alerts for the driver’s and operator’s command-and-control center by detecting and categorizing obstructions on or near the rails within a predetermined region of interest. Modern image sensors, AI, and deep learning technologies work together to provide the devices with an enhanced vision range of up to two kilometers, in practically any weather or lighting situation.
RVSN also this week demonstrated its technological solutions to North American experts at SmartTransit West in Denver, Colorado, October 24-26, 2022, in response to rising demand internationally. Senior industry experts in North America who want to stay up with the quick speed of change in the passenger transit sector turn to Smart Transit as their go-to event.
Who attended the event on behalf of RVSN?
Before the next significant tragedy happens, the industry should speed up the implementation of advanced driver assistance systems, according to the CEO of Rail Vision (RVSN), who spoke at SmartTransit West about the relevance of these systems in the rail sector today. In a panel discussion at the event on the future of rail, RVSN Chief also took part, highlighting the necessity of collision avoidance technologies for increased operational effectiveness and safety.