NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 01/30/2020 3:40:26 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Foresight Affiliate Rail Vision in Advanced Negotiations with Leading European Train Operator for First Commercial Agreement
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., is in advanced negotiations regarding its first commercial agreement with a leading European train operator. The agreement contemplates the purchase of a prototype system of Rail Vision’s shunting yard solution for a total value of approximately 500,000 Euro and, upon successful prototype evaluation, will entail the purchase of approximately 30 more shunting yard systems for an additional 2.5 million Euro. In addition, the European train operator may exercise its option to purchase an additional 45 shunting yard systems for a total value of 3.5 million Euro. Combining advanced vision sensors with deep learning technologies, Rail Vision’s solution enables railway operators to safeguard and streamline their shunting operations, automatically detecting and classifying objects within a 200-meter range at all times of day and in all weather conditions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., is in advanced negotiations regarding its first commercial agreement with a leading European train operator. The agreement contemplates the purchase of a prototype system of Rail Vision’s shunting yard solution for a total value of approximately 500,000 Euro and, upon successful prototype evaluation, will entail the purchase of approximately 30 more shunting yard systems for an additional 2.5 million Euro. In addition, the European train operator may exercise its option to purchase an additional 45 shunting yard systems for a total value of 3.5 million Euro. Combining advanced vision sensors with deep learning technologies, Rail Vision’s solution enables railway operators to safeguard and streamline their shunting operations, automatically detecting and classifying objects within a 200-meter range at all times of day and in all weather conditions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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