For example, the Company is using forward-looking statements when it discusses the parties intention to proceed with a definitive agreement to advance their collaboration, the Company’s entry into the Indian market, including the substantial market opportunity for the Company, the Company’s receipt of additional milestone payments under the MOU, how this collaboration aims to position Rail Vision’s innovative technologies for inclusion in future tenders and ongoing projects to enhance rail safety by equipping locomotives with advanced systems for accident avoidance, particularly in adverse weather conditions and its belief that a successful collaboration with Sujan Ventures and a strong presence in India could elevate Rail Vision to a new level in the rail safety and technology market.
Collaboration focuses on major rail safety tenders, targeting the installation of advanced technologies on thousands of locomotives across India Ra’anana, Israel, Jan.22, 2025 (GLOBE NEWSWIRE) -- Rail Vision Ltd.(Nasdaq: RVSN) (the "Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, recently announced the signing of a binding Memorandum of Understanding (MOU) with Sujan Ventures, a division of the esteemed Sujan Group, a premier technology and components supplier to the Indian rail industry.
We believe that a successful collaboration with Sujan Ventures and a strong presence in India could elevate Rail Vision to a new level in the rail safety and technology market.
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