Rail Vision entered into a non- binding memorandum of understanding with a leading railway technologies company for the distribution of Rail Vision’s MainLine and ShuntingYard products. On March 18, 2023, the Company revealed its intention to broaden its sales operations in the US by collaborating with a top distributor to promote its unique products. Furthermore, Rail Vision aims to solidify its standing as a premier provider of safety products by directly engaging with and selling to industry leaders, Class I railroad companies, and top-tier players within the US railway sector. The distributor develops leading engineering, science and advanced technological solutions for passenger, transit and freight rail markets for governments and private entities worldwide. Upon the execution of definitive documentation, the ultimate objective of this engagement is for the distributor to market the Company’s solutions across North America.
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