Rail Vision Receives Israel Railways Regulation Approval for its MainLine Products

This achievement aims to support Israel Railways future volume procurement

The approval also triggers an immediate $300,000 payment

Ra’anana, Israel, Dec. 27, 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, today announced the achievement of a critical project and regulatory milestone: certification approval for the installation of its MainLine Systems on Israel Railways’ passenger locomotives. The certification triggers milestone payment of approximately $300,000 to the Company, marking significant progress with Israel Railways and paving the way for potential future volume procurement.

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