Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Rail Vision secures EU certification for railway system

EditorEmilio Ghigini
Published 22/01/2024, 13:50
© Reuters.
RVSN
-

RA'ANANA, Israel - Rail Vision Ltd. (NASDAQ:RVSN), a leader in railway safety technology, has announced the successful acquisition of essential European Union (EU) certifications for its Main Line system, a move set to enhance its position in the EU railway technology market. The EU, with its extensive railway network, represents a significant market for rail products and services, and Rail Vision's compliance with EU standards is expected to facilitate the broader adoption of its technology.

The company's Main Line system has met the EN 50155 standard, which addresses the robustness and reliability of railway hardware equipment. This certification confirms the system's capacity to endure the demanding conditions of railway operations. Furthermore, the system complies with EN 50126, which focuses on Reliability, Availability, Maintainability, and Safety (RAMS) specifications, ensuring dependable and safe performance. Rail Vision's technology also aligns with EN 50657 and EN 45545 standards, which pertain to onboard software safety and functionality, and fire protection in railway vehicles, respectively.

Noam Shloper, Head of Quality and Reliability at Rail Vision, expressed the company's commitment to product quality and safety, stating that the compliance with EU standards is a significant milestone. The certification is seen as a competitive advantage in the rapidly growing digital railway market, projected to exceed $100B by 2027.

Rail Vision is recognized for its artificial intelligence-based technology designed to improve safety and efficiency in the railway industry. The company's innovations aim to save lives, reduce operational costs, and contribute to the advancement of autonomous trains. These recent certifications are expected to play a crucial role in the company's expansion within the EU market.

The information provided in this article is based on a press release statement from Rail Vision Ltd.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.