Rail Vision (NASDAQ: RVSN) is the leading provider of obstacle detection and classification systems in the railway industry. With the Company’s unique cognitive sensor fusion technology, based on advanced electro-optic sensors, artificial intelligence and deep learning, Rail Vision systems detect objects on and along the tracks from a distance of up to two kilometers – in real time – as well as in all weather and light conditions. Tailormade to meet every customer’s specific needs, the systems are available for Main Lines and Shunting Yards, as well as Light Rail Vehicles (LRVs) operating in urban environments. In addition, Rail Vision offers a range of optional complementary features based on collected and analyzed data: Image-based Navigation, GIS Mapping and Predictive Maintenance. Visit RVSNinfo.com to learn more.
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Rail Vision Ltd. (RVSN) was a client of RedChip Companies, Inc. RVSN agreed to pay RedChip Companies, Inc. an $8,000 monthly cash fee, beginning in January 2023, for 12 months of RedChip investor awareness services. In addition to the monthly cash fee, RVSN agreed to issue to RedChip 12,500 options per quarter; the RVSN options will be issued with strike prices of $1.50 (Q1), $1.75 (Q2), $2.50 (Q3), and $3.00 (Q4). Additionally, RVSN agreed to a pay a one-time fee of fifty thousand dollars in January 2023 for a two-month accelerated digital media campaign. RVSN originally became a RedChip client in January 2022. RVSN also agreed to pay two cash fees of forty-five thousand dollars each for national TV ad campaigns aired November 15 through December 8, 2023, and February 7 through February 22, 2024, respectively.
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