Press Release

Rail Vision Ltd. Receives Japanese Patent Allowance for Railway Obstacle Detection Technology

Patent allowance enables Rail Vision to commence sales of its cutting-edge, A.I.-based, industry-leading technology in Japan

 

Ra’anana, Israel, June 01, 2022 (GLOBE NEWSWIRE) — Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a development stage technology company that is seeking to revolutionize railway safety and the data-related market, today announced it received notice of allowance from the Japan Patent Office (JPO) for its patent titled, “System and Methods for Object and Obstacle Detection and Classification in Collision Avoidance of Railway Applications,” covering the Company’s cutting-edge, artificial intelligence (A.I.) based, industry-leading technology specifically designed for railways.

“Rail Vision’s technology, which enables the identification and classification of objects on and around the tracks is a game changer,” commented Rail Vision CEO Shahar Hania. “Japan has one of the most advanced rail networks in the world with more than 27,000 kilometers of track that carry an estimated 180 million passengers annually, in addition to a large volume of freight. With IP protections now in place in Japan, Rail Vision can enter this large market from a position of strength as we bring new advancements to the rail industry designed to save lives, increase efficiency, and dramatically reduce expenses for railway operators.”

The new Japanese patent was allowed by the Japanese Patent Office on May 10, 2022, and covers a system for the detection and identification of objects and obstacles near, between, or on the railway. The capability of the system includes image processing that is applied to define obstacles, a living creature in the image frame and to distinguish it from the environment based on temperature differences, as well as electro-optic sensors (e.g. thermal infrared imaging sensor and visible band imaging sensor) used to survey and monitor railway scenes in real-time.

 

About Rail Vision Ltd.

 

Rail Vision is a development stage technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the

revolutionary concept of autonomous trains into a practical reality. For more information please visit https://www.railvision.io/

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