Rail Vision and Railserve Sign MoU to Expand Collaboration
The MOU reflects the parties’ mutual interest in expanding their collaboration following Railserve’s successful evaluation and deployment of Rail Vision’s ShuntingYard perception systems.
railvision.io
Rail Vision Ltd., an early commercialisation stage technology company transforming railway safety through advanced AI-integrated sensing systems, announced the signing of a non-binding memorandum of understanding (MOU) with Railserve Inc. (“Railserve”), a leading North American industrial railyard services company.
The MOU reflects the parties’ mutual interest in expanding their collaboration following Railserve’s successful evaluation and deployment of Rail Vision’s ShuntingYard perception systems. The parties intend to discuss additional deployments of Rail Vision’s systems, new use cases, rail car mover applications, broader rail yard solutions, and other mutually agreed commercial opportunities.
In January 2024, Rail Vision and Railserve entered into a commercialisation agreement for the deployment of Rail Vision’s AI-based ShuntingYard systems. The collaboration between the parties has progressed Rail Vision’s system from an advanced driver assistance system (ADAS) to an active, intervening platform supporting semi-autonomous operations.
www.railvision.io
