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Rail Vision Reflects on Positive Operational Highlights Since the Start of 2024: Scaling Up Commercialization

Announced first-ever commercial installation of its AI-driven systems in a national railways line Achieved regulatory approval and certificate for railway operation in Europe Joined NVIDIA metropolis to boost railway safety Received order from a Class 1 US railroad company for its AI-based safety products Expanded USA footprint with a national distributer engagement for Rail Vision AI- driven railway system US Received an order for its AI-driven ShuntingYard product from Loram, a leading US-based provider of railway track maintenance equipment and services Received notice of allowance for US patent on AI-powered railway obstacle detection system Ra'anana, Israel, May 24, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (NASDAQ:RVSN) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related SaaS market, today shared several commercial and technological accomplishments since the start of 2024, including valuable developments with tier one rail companies in the United States, the expansion of its distribution network and additional new partnerships and technological advancements. As Rail Vision progresses through 2024, the Company remains focused on scaling up to capitalize on opportunities with industry leaders, especially in United States. Additional Q1 2024 and recent key milestones and achievements: Revealed its next generation computing unit for its accident prevention AI-based ADAS products MainLine and ShuntingYard Received notice of allowance for US patent on AI-powered railway obstacle detection system Received patent approval from the Indian patent office Received $1 million order out ...