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Associated Press
3 days ago
- Business
- Associated Press
Rail Vision Secures $335,000 Follow-On Order from Major Latin American Mining Company After Successful Trial
The order marks a significant commercial milestone and signals Rail Vision's continued expansion in the Latin American market Ra'anana, Israel, June 03, 2025 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN), a leader in railway safety and AI-driven vision technology, announced today it has secured a $335,000 follow-on order from a prominent Latin American mining company for its MainLine system. The order follows a long-term and successful trial of the system under demanding operational and environmental conditions. This order reinforces Rail Vision's increasing commercial traction in Latin America and marks an important step in expanding the client's deployment of MainLine across its railway fleet. The system will play a critical role in enhancing safety and optimizing rail transport efficiency within the mining company's extensive mining operations. Rail Vision's MainLine product provides real-time obstacle detection, classification, and alerting up to two kilometers ahead, ensuring safer, more efficient railway operations under extreme weather and lighting conditions. The company's technology is proven, scalable, and driving increased adoption, which aims to position Rail Vision for potential long-term revenue growth and market penetration. 'This additional order is a strong endorsement of our technology by one of the region's most respected industrial players,' said David BenDavid, CEO of Rail Vision. 'It marks a significant commercial milestone that follows a year of rigorous testing and validation. This transition from pilot to scaled deployment reflects the growing demand for our AI-powered railway safety solutions and signals our accelerating momentum in the Latin American market. We view this as a gateway to further potential expansion across the region and a strong step toward our global growth strategy.' About Rail Vision Ltd. Rail Vision is revolutionizing railway safety with cutting-edge AI-driven vision technology. By integrating advanced electro-optics, deep learning, and big data analytics, Rail Vision's solutions help railway operators enhance safety, optimize efficiency, and transition toward autonomous operations. The company's expanding customer adoption and repeat orders reinforce its position as a key technology provider in the railway industry. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the increasing adoption of its technology, its potential long-term revenue growth and market penetration, its accelerating momentum and potential expansion in the Latin American market and its global growth strategy. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission ('SEC'), including, but not limited to, the risks detailed in the Company's annual report on Form 20-F filed with the SEC on March 23, 2023. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites. Investor Relations Michal Efraty 15 Ha'Tidhar St., POB 2155 4366517 Ra'anana, Israel Email: [email protected] Phone: +972(0)9-9577706
Yahoo
3 days ago
- Business
- Yahoo
Rail Vision Secures $335,000 Follow-On Order from Major Latin American Mining Company After Successful Trial
The order marks a significant commercial milestone and signals Rail Vision's continued expansion in the Latin American market Ra'anana, Israel, June 03, 2025 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN), a leader in railway safety and AI-driven vision technology, announced today it has secured a $335,000 follow-on order from a prominent Latin American mining company for its MainLine system. The order follows a long-term and successful trial of the system under demanding operational and environmental conditions. This order reinforces Rail Vision's increasing commercial traction in Latin America and marks an important step in expanding the client's deployment of MainLine across its railway fleet. The system will play a critical role in enhancing safety and optimizing rail transport efficiency within the mining company's extensive mining operations. Rail Vision's MainLine product provides real-time obstacle detection, classification, and alerting up to two kilometers ahead, ensuring safer, more efficient railway operations under extreme weather and lighting conditions. The company's technology is proven, scalable, and driving increased adoption, which aims to position Rail Vision for potential long-term revenue growth and market penetration. 'This additional order is a strong endorsement of our technology by one of the region's most respected industrial players,' said David BenDavid, CEO of Rail Vision. 'It marks a significant commercial milestone that follows a year of rigorous testing and validation. This transition from pilot to scaled deployment reflects the growing demand for our AI-powered railway safety solutions and signals our accelerating momentum in the Latin American market. We view this as a gateway to further potential expansion across the region and a strong step toward our global growth strategy.' About Rail Vision Ltd. Rail Vision is revolutionizing railway safety with cutting-edge AI-driven vision technology. By integrating advanced electro-optics, deep learning, and big data analytics, Rail Vision's solutions help railway operators enhance safety, optimize efficiency, and transition toward autonomous operations. The company's expanding customer adoption and repeat orders reinforce its position as a key technology provider in the railway industry. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the increasing adoption of its technology, its potential long-term revenue growth and market penetration, its accelerating momentum and potential expansion in the Latin American market and its global growth strategy. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission ('SEC'), including, but not limited to, the risks detailed in the Company's annual report on Form 20-F filed with the SEC on March 23, 2023. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites. Investor Relations Michal Efraty15 Ha'Tidhar St., POB 21554366517 Ra'anana, IsraelEmail: investors@ +972(0)9-9577706Sign in to access your portfolio
Business Recorder
28-05-2025
- Business
- Business Recorder
Chairman Railways tells Senate body: 38 projects worth Rs260.085bn underway in 2024–25
ISLAMABAD: Chairman of Railways Tuesday informed Senate Standing Committee on Railways that a total of 38 projects were underway, with a total cost of Rs 260.085 billion during 2024–25. The meeting of the Senate Standing Committee on Railways, chaired by Senator Jam Saifullah Khan, was convened Tuesday. The Ministry of Railways briefed the Senate Committee on upcoming, ongoing, and pending projects and informed the committee members about the hurdles currently being faced by the ministry. The meeting was attended by senators, Nasir Mehmood, Dost Ali Jeesar, Asad Qasim, Saifullah Sarwar Khan Nyazee, Kamil Ali Agha, Dost Muhammad Khan, the mover Senator Shahadat Awan, and the Minister for Railways. The chairman of Railways told the Senate Standing Committee on Railways that during the year 2024–25, a total of 38 projects were underway, with a total cost of Rs260.085 billion. Out of the 38 projects, the ministry successfully completed six, and the remaining 32 have been carried forward to 2025–26. The chairman, while briefing on the Main Line (ML-1) project (Karachi to Rohri),described it as the lifeline of the Reko Diq and Thar Coal projects, which are expected to start this year, depending on the provision of funds. He added that the total estimated cost of ML-1 isRs2,298.18 billion, and the ministry has submitted a proposal for an allocation of Rs75 billion for the financial year 2025–26 to initiate the project. It was also revealed to the committee that total 12 projects of expansion, track safety, rehabilitation, replacement of tracks, feasibility studies and upgraded security system required proposed allocation Rs11,076 million during the financial year of 2025-26. The committee demanded the details of delayed projects in the upcoming meeting of the Standing Committee. The committee members commended the newly adopted strategy of the ministry to complete the projects partially in different phases. The chairman of the committee emphasised the need to complete projects on time to avoid extended costs and directed the ministry to deliver high-end railway services to the general public. The Minister for Railways said that, as the country is passing through a financial crisis, the provinces may contribute to the new or ongoing railway projects in their respective areas. He stated that the ministry is planning to upgrade railway schools and hospitals across Pakistan. In response to a query regarding railway land, the minister informed the committee that an anti-encroachment campaign has recently been initiated nationwide against land grabbers. It was also briefed to the committee that Pakistan has developed locomotives and coaches capable of running at speeds over 160 km/h, but unfortunately, the country lacks the required tracks to operate such trains. The chairman of the committee directed the ministry to conduct a feasibility study on upgrading of track system to support high-speed trains in Pakistan. Copyright Business Recorder, 2025
The Independent
09-05-2025
- Sport
- The Independent
From Villanova to the Vatican: Alma mater is floored it taught the 1st US pope
When Villanova University's president, Rev. Peter Donohue, was nearing graduation as a theatre student, a future pope wasn't far away on campus, studying math two grades below him. On Thursday, church bells rang out for hours in celebration at the Augustinian school near Philadelphia after the 1977 alumnus Cardinal Robert Prevost was elected the first pope from the United States in the history of the Catholic Church. The school on the suburban Main Line near Philadelphia had reached the pinnacle of men's college basketball three times — winning championships in 1985, 2016 and 2018. But celebrating a pope in their ranks was literally unprecedented. A billboard in Philadelphia showed the pope with a tagline: 'From the Main Line to the Divine Line,' and the hashtag #WildcatToShepherd. Internet memes turned the pope's Roman numeral V into Villanova's logo and predictions piled up that the New York Knicks and its Villanova-laden lineup have a divine path to this year's title. Augustinian priests on campus are making rounds on the national TV circuit. 'We just all kind of lost it," said Villanova senior Peggy Murray, who met the world leader now known as His Holiness Pope Leo XIV, last year in Rome. 'Just screaming and cheering and crying and having this knowledge that we met him. He was humble enough and cared enough about a group of gangly college students that he wanted to say Mass with us and now this is the person who's our pope. I mean it means the world." Prevost has maintained his ties with Villanova over the decades Donohue and the pope were on campus in the mid-1970s at an unsettled time around the end of the Vietnam War, while the Catholic Church had been in a state of change, as well, Donohue added. As the campus was gearing up for the 1977 spring graduation, thousands of balloons were released at an event aimed at addressing world hunger, featuring floats, a carnival and the marching band, according to The Villanovan archives. Ads for cassette tapes and a 'college disco splash party' flanked stories in the college newspaper. Prevost graduated from Villanova with a Bachelor of Science in mathematics in 1977 and received an honorary Doctor of Humanities, honoris causa, from the university in 2014, Donohue said. Prevost also hosted Villanova officials in Rome that year. Donohue said the pope is a Villanova basketball fan. And Donohue has taken note that whenever he or the university send out messages, they can check who opens them, and the pope does every time. 'Somebody sent me a text, one of the presidents from another one of the schools, said, 'Three basketball championships and a pope. Do you people have to keep winning?'' Donohue said with a laugh. 'It's just different. It certainly has given us a lot of publicity.' The Rev. Rob Hagan, Villanova's athletics department chaplain, served his second year of a spiritual training boot camp of sorts 27 years ago to become an Augustinian. It was in Racine, Wisconsin, where Prevost was stationed and would visit newbies like Hagan. 'I saw him as kind of a mentor. You didn't have to be in his presence very long before you understood how exceptionally bright he is," Hagan said. "And yet, coupled with a real warmth and approachability.' Professor says Prevost 'never lost the pastoral touch' Kevin Hughes, a theology and religious studies professor at Villanova, said Thursday that he and several people who were in his office went silent when they heard the news because they couldn't believe Prevost — an American — had been chosen. Hughes described Prevost as a very gentle soul and somebody who knows how to connect with people. 'When you're talking to him, he gives you his full attention,' he said. 'I think he's a very intelligent person. I think he's very well read. But he's never lost the pastoral touch.' Prevost, 69, is a member of the Augustinian religious order and was formerly the prior general, or leader. The Order of St. Augustine was formed in the 13th century as a community of 'mendicant' friars — dedicated to poverty, service and evangelization. The requirements and ethos of the order are traced to the fifth century St. Augustine of Hippo, one of the theological and devotional giants of early Christianity. Villanova is one of two Catholic, Augustinian higher learning institutions in the U.S., according to its website. Villanova is rooted in the values of truth, unity, and love, inspired by the teachings of St. Augustine. Villanova was founded in 1842 and boasts an environment in which students learn to think critically, act compassionately and succeed while serving others. About 6,700 undergraduates and 3,100 graduate and law students are enrolled at the university. Other notable people who attended Villanova include former first lady Jill Biden, actor Bradley Cooper, recording artists Jim Croce and Toby Keith, and basketball stars such as Jalen Brunson, Josh Hart and Mikal Bridges of the Knicks. But for a Catholic university, nothing could surpass teaching a pope. 'I think anybody that has any familiarity with Villanova knows the kind of emphasis that we give in terms of community and building community," Donohue said. "I think that will be very much a part of what he is. It's part of who he is, it's part of his life as an Augustinian.' ___ Mattise reported from Nashville, Tennessee. Lisa Baumann in Seattle and Maryclaire Dale in Philadelphia contributed.
Associated Press
09-05-2025
- Sport
- Associated Press
From Villanova to the Vatican: Alma mater is floored it taught the 1st US pope
VILLANOVA, Pa. (AP) — When Villanova University's president, Rev. Peter Donohue, was nearing graduation as a theatre student, a future pope wasn't far away on campus, studying math two grades below him. On Thursday, church bells rang out for hours in celebration at the Augustinian school near Philadelphia after the 1977 alumnus Cardinal Robert Prevost was elected the first pope from the United States in the history of the Catholic Church. The school on the suburban Main Line near Philadelphia had reached the pinnacle of men's college basketball three times — winning championships in 1985, 2016 and 2018. But celebrating a pope in their ranks was literally unprecedented. A billboard in Philadelphia showed the pope with a tagline: 'From the Main Line to the Divine Line,' and the hashtag #WildcatToShepherd. Internet memes turned the pope's Roman numeral V into Villanova's logo and predictions piled up that the New York Knicks and its Villanova-laden lineup have a divine path to this year's title. Augustinian priests on campus are making rounds on the national TV circuit. 'We just all kind of lost it,' said Villanova senior Peggy Murray, who met the world leader now known as His Holiness Pope Leo XIV, last year in Rome. 'Just screaming and cheering and crying and having this knowledge that we met him. He was humble enough and cared enough about a group of gangly college students that he wanted to say Mass with us and now this is the person who's our pope. I mean it means the world.' Prevost has maintained his ties with Villanova over the decades Donohue and the pope were on campus in the mid-1970s at an unsettled time around the end of the Vietnam War, while the Catholic Church had been in a state of change, as well, Donohue added. As the campus was gearing up for the 1977 spring graduation, thousands of balloons were released at an event aimed at addressing world hunger, featuring floats, a carnival and the marching band, according to The Villanovan archives. Ads for cassette tapes and a 'college disco splash party' flanked stories in the college newspaper. Prevost graduated from Villanova with a Bachelor of Science in mathematics in 1977 and received an honorary Doctor of Humanities, honoris causa, from the university in 2014, Donohue said. Prevost also hosted Villanova officials in Rome that year. Donohue said the pope is a Villanova basketball fan. And Donohue has taken note that whenever he or the university send out messages, they can check who opens them, and the pope does every time. 'Somebody sent me a text, one of the presidents from another one of the schools, said, 'Three basketball championships and a pope. Do you people have to keep winning?'' Donohue said with a laugh. 'It's just different. It certainly has given us a lot of publicity.' The Rev. Rob Hagan, Villanova's athletics department chaplain, served his second year of a spiritual training boot camp of sorts 27 years ago to become an Augustinian. It was in Racine, Wisconsin, where Prevost was stationed and would visit newbies like Hagan. 'I saw him as kind of a mentor. You didn't have to be in his presence very long before you understood how exceptionally bright he is,' Hagan said. 'And yet, coupled with a real warmth and approachability.' Professor says Prevost 'never lost the pastoral touch' Kevin Hughes, a theology and religious studies professor at Villanova, said Thursday that he and several people who were in his office went silent when they heard the news because they couldn't believe Prevost — an American — had been chosen. Hughes described Prevost as a very gentle soul and somebody who knows how to connect with people. 'When you're talking to him, he gives you his full attention,' he said. 'I think he's a very intelligent person. I think he's very well read. But he's never lost the pastoral touch.' Prevost, 69, is a member of the Augustinian religious order and was formerly the prior general, or leader. The Order of St. Augustine was formed in the 13th century as a community of 'mendicant' friars — dedicated to poverty, service and evangelization. The requirements and ethos of the order are traced to the fifth century St. Augustine of Hippo, one of the theological and devotional giants of early Christianity. Villanova is one of two Catholic, Augustinian higher learning institutions in the U.S., according to its website. Villanova is rooted in the values of truth, unity, and love, inspired by the teachings of St. Augustine. Villanova was founded in 1842 and boasts an environment in which students learn to think critically, act compassionately and succeed while serving others. About 6,700 undergraduates and 3,100 graduate and law students are enrolled at the university. Other notable people who attended Villanova include former first lady Jill Biden, actor Bradley Cooper, recording artists Jim Croce and Toby Keith, and basketball stars such as Jalen Brunson, Josh Hart and Mikal Bridges of the Knicks. But for a Catholic university, nothing could surpass teaching a pope. 'I think anybody that has any familiarity with Villanova knows the kind of emphasis that we give in terms of community and building community,' Donohue said. 'I think that will be very much a part of what he is. It's part of who he is, it's part of his life as an Augustinian.' ___ Mattise reported from Nashville, Tennessee. Lisa Baumann in Seattle and Maryclaire Dale in Philadelphia contributed.
