{"id":685115,"date":"2022-09-14T08:05:02","date_gmt":"2022-09-14T12:05:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\/"},"modified":"2022-09-14T08:05:02","modified_gmt":"2022-09-14T12:05:02","slug":"rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\/","title":{"rendered":"Rail Vision\u2019s Long-Term Pilot Program with Rio Tinto Completed and Extended to Evaluate Additional Use Cases"},"content":{"rendered":"
\n

Ra\u2019anana, Israel, Sept. 14, 2022 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (\u201cRail Vision\u201d or the \u201cCompany\u201d),\u00a0a development stage technology company seeking to revolutionize railway safety and the data-related market, today announced the completion of a pilot with Rio Tinto Iron Ore (\u201cRio Tinto\u201d) for the AutoHaul\u00ae<\/strong> project, the world\u2019s first automated, long distance, heavy haul rail network. \u00a0Rail Vision\u2019s Main Line System test in Pilbara, Australia began in May 2022 as part of the Company\u2019s contract with Hitachi Rails STS (\u201cHitachi\u201d), the lead project technology partner and integrator.<\/p>\n

\u201cWe are excited to expand our long-term pilot program with Rio Tinto and evaluate additional use\u00a0cases for the AutoHaul\u00ae project, which is at the forefront of the future of autonomous train operations,\u201d commented Shahar Hania, CEO and co-founder of Rail Vision. \u201cEarly successes with the initial long-term pilot program announced in May was a key factor in moving forward with additional testing programs through the now-expanded pilot program. We look forward to continuing operational testing with Rio Tinto.\u201d<\/p>\n

As part of the AutoHaul\u00ae project, 2.4-kilometer-long trains, monitored remotely from an operations center in Perth, Australia, travelled across a vast network of 1,700 kilometers of track, delivering iron ore from 16 mines to ports in Dampier and Cape Lambert. These trains have now safely travelled more than a collective 4.5 million kilometers autonomously since the trains were first deployed in 2018.<\/p>\n

Under the AutoHaul\u00ae program, Rio Tinto is seeking to add a forward-looking capability to its autonomous trains to detect obstacles on and along the tracks. During the next testing phase of the Rail Vision Main Line System pilot program, Rio Tinto and Hitachi will test different types of obstacles the system can detect at various ranges.<\/p>\n

The Rail Vision Main Line System is an artificial intelligence (AI)-based solution that enables railway operators to\u00a0improve the safety of train operations, prevent collisions\u00a0and reduce maintenance downtime.\u00a0The system detects and classifies obstacles on or near the tracks within a predefined area of interest, and generates real-time visual and acoustic alerts for\u00a0both the driver\u2019s and the operator\u2019s command-and-control center.\u00a0Combining\u00a0sensitive imaging sensors\u00a0with AI and deep learning technologies, the tailormade system provides an extended visual range of up to two kilometers,\u00a0under almost any weather and light conditions.<\/p>\n

\u201cThrough advanced, long-range artificial intelligence detection systems, our technology provides unparalleled obstacle identification on and near tracks, making it a key enabling technology for autonomous trains and an ideal solution for the world\u2019s first AutoHaul\u00ae project,\u201d added Hania. \u201cThe success of this pilot project has the potential to rapidly accelerate the rollout and adoption of our technology across the rail industry.\u201d<\/p>\n

\n About Rail Vision Ltd.<\/strong>\n <\/p>\n

Rail Vision is a development stage technology company that is seeking to revolutionize railway safety and the data-related market. The company has developed cutting edge, artificial intelligence based, industry-leading technology specifically designed for railways. The company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality. For more information please visit https:\/\/www.railvision.io\/<\/u><\/a><\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This press release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates\u201d and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the design and duration of the pilot program, the potential of the Company\u2019s products, and that the success of this pilot project has the potential to rapidly accelerate the rollout and adoption of the Company\u2019s technology across the rail industry. Forward-looking statements are not historical facts, and are based upon management\u2019s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management\u2019s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company\u2019s reports filed from time to time with the Securities and Exchange Commission (\u201cSEC\u201d), including, but not limited to, the risks detailed in the Company\u2019s final prospectus (Registration No. 333- 262854), filed pursuant to Rule 424(b)(4) with the SEC on April 1, 2022. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites.<\/p>\n

\n Contacts<\/strong>
\n
Shahar Hania
Chief Executive Officer
Rail Vision Ltd.
15 Ha’Tidhar St
Ra’anana, 4366517 Israel
Telephone: +972- 9-957-7706<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Ra\u2019anana, Israel, Sept. 14, 2022 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (\u201cRail Vision\u201d or the \u201cCompany\u201d),\u00a0a development stage technology company seeking to revolutionize railway safety and the data-related market, today announced the completion of a pilot with Rio Tinto Iron Ore (\u201cRio Tinto\u201d) for the AutoHaul\u00ae project, the world\u2019s first automated, long distance, heavy haul rail network. \u00a0Rail Vision\u2019s Main Line System test in Pilbara, Australia began in May 2022 as part of the Company\u2019s contract with Hitachi Rails STS (\u201cHitachi\u201d), the lead project technology partner and integrator. \u201cWe are excited to expand our long-term pilot program with Rio Tinto and evaluate additional use\u00a0cases for the AutoHaul\u00ae project, which is at the forefront of the future of autonomous … <\/p>\n

Continue reading “Rail Vision\u2019s Long-Term Pilot Program with Rio Tinto Completed and Extended to Evaluate Additional Use Cases”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-685115","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRail Vision\u2019s Long-Term Pilot Program with Rio Tinto Completed and Extended to Evaluate Additional Use Cases - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rail Vision\u2019s Long-Term Pilot Program with Rio Tinto Completed and Extended to Evaluate Additional Use Cases - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ra\u2019anana, Israel, Sept. 14, 2022 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (\u201cRail Vision\u201d or the \u201cCompany\u201d),\u00a0a development stage technology company seeking to revolutionize railway safety and the data-related market, today announced the completion of a pilot with Rio Tinto Iron Ore (\u201cRio Tinto\u201d) for the AutoHaul\u00ae project, the world\u2019s first automated, long distance, heavy haul rail network. \u00a0Rail Vision\u2019s Main Line System test in Pilbara, Australia began in May 2022 as part of the Company\u2019s contract with Hitachi Rails STS (\u201cHitachi\u201d), the lead project technology partner and integrator. \u201cWe are excited to expand our long-term pilot program with Rio Tinto and evaluate additional use\u00a0cases for the AutoHaul\u00ae project, which is at the forefront of the future of autonomous … Continue reading "Rail Vision\u2019s Long-Term Pilot Program with Rio Tinto Completed and Extended to Evaluate Additional Use Cases"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-14T12:05:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY0NjQzOCM1MTUyNDg4IzUwMDEwMjU1Mw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rail Vision\u2019s Long-Term Pilot Program with Rio Tinto Completed and Extended to Evaluate Additional Use Cases\",\"datePublished\":\"2022-09-14T12:05:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\\\/\"},\"wordCount\":985,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY0NjQzOCM1MTUyNDg4IzUwMDEwMjU1Mw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rail-visions-long-term-pilot-program-with-rio-tinto-completed-and-extended-to-evaluate-additional-use-cases\\\/\",\"name\":\"Rail Vision\u2019s Long-Term Pilot Program with Rio Tinto Completed and Extended to Evaluate Additional Use Cases - 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