Rail Vision (NASDAQ: RVSN) (FSE: C80), a developer of AI-integrated railway safety and sensing systems, announced the signing of a non-binding memorandum of understanding with Railserve Inc., a leading North American industrial railyard services company, to explore expanding their existing collaboration. The parties intend to discuss additional deployments of Rail Vision’s ShuntingYard perception systems, new rail yard applications, rail car mover integrations and broader commercial opportunities following Railserve’s successful evaluation and deployment of the technology. Rail Vision said the collaboration has already advanced its ShuntingYard platform from an advanced driver assistance system to an active system supporting semi-autonomous rail yard operations, with any expansion subject to a future binding agreement.
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