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RA’ANANA, Israel - Rail Vision Ltd. (NASDAQ:RVSN), a micro-cap technology company currently valued at $18.7 million, announced Monday that the European Patent Office has granted a patent for its system designed to enhance the sampling rate of imager detectors for Selected Regions Of Interest (SROI). According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 7.36x, holding more cash than debt on its balance sheet.
The patented technology includes an imaging device and processing unit that work together to capture and analyze visual data from a train’s forward-facing camera. The system identifies specific regions of interest and acquires partial datasets during residual time within handling cycles, enabling higher sampling rates in critical areas.
When installed on locomotives, the processing unit detects rails, defines margins, calculates safe braking lines based on the train’s braking distance, and establishes a safe zone. The SROI is positioned at the far end of this safe zone in image frames to enable earlier hazard detection.
"By boosting the sampling rate, we’re enabling train operators to detect hazards sooner, react faster, and improve functional efficiency to operate more safely," said David BenDavid, CEO of Rail Vision.
The company, which is focused on developing artificial intelligence-based technology for railways, continues to expand its patent portfolio across strategic regions. Rail Vision aims to enhance railway safety and operational efficiency through its detection systems.
This announcement was based on a company press release statement.
In other recent news, Rail Vision Ltd. announced a follow-on order valued at $335,000 from a major Latin American mining company for its MainLine system. This order follows a successful long-term trial, highlighting the system’s ability to enhance safety and efficiency in challenging operational environments. The MainLine system provides real-time detection and classification of obstacles up to two kilometers ahead, proving beneficial for the mining company, especially under extreme weather and lighting conditions. This development marks a significant step in Rail Vision’s strategy to expand its presence in the Latin American market. The order underscores the growing demand for Rail Vision’s technology and its effectiveness in improving railway operations. As the company continues its global expansion efforts, this order represents a key achievement in its business strategy.
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