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NetworkNewsBreaks – Rail Vision Ltd. (NASDAQ: RVSN) Completes Strategic Acquisition of Majority Stake in Quantum Transportation
Rail Vision (NASDAQ: RVSN) announced the completion of its previously disclosed strategic transaction to acquire a 51% ownership interest in Quantum Transportation Ltd., a move designed to expand the company’s technology roadmap beyond railway safety into quantum-enabled data and IP protection. Through the share exchange, Rail Vision issued 2,982,710 ordinary shares, representing approximately 4.99% of its outstanding share capital at signing, to acquire majority ownership and control of Quantum Transportation, which holds an exclusive rail-focused sublicense to a pending quantum error correction patent from Ramot, the technology transfer company of Tel Aviv University. The transaction is intended to combine quantum-AI intellectual property with Rail Vision’s vision-based railway safety technologies, creating potential synergies across current and future product lines, while Rail Vision also extended a convertible loan facility of up to $700,000 to support Quantum Transportation’s ongoing operations and development.
NOTE TO INVESTORS: The latest news and updates relating to RVSN are available in the company’s newsroom at https://nnw.fm/RVSN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Rail Vision (NASDAQ: RVSN) announced the completion of its previously disclosed strategic transaction to acquire a 51% ownership interest in Quantum Transportation Ltd., a move designed to expand the company’s technology roadmap beyond railway safety into quantum-enabled data and IP protection. Through the share exchange, Rail Vision issued 2,982,710 ordinary shares, representing approximately 4.99% of its outstanding share capital at signing, to acquire majority ownership and control of Quantum Transportation, which holds an exclusive rail-focused sublicense to a pending quantum error correction patent from Ramot, the technology transfer company of Tel Aviv University. The transaction is intended to combine quantum-AI intellectual property with Rail Vision’s vision-based railway safety technologies, creating potential synergies across current and future product lines, while Rail Vision also extended a convertible loan facility of up to $700,000 to support Quantum Transportation’s ongoing operations and development.
NOTE TO INVESTORS: The latest news and updates relating to RVSN are available in the company’s newsroom at https://nnw.fm/RVSN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer