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FAQ: Rail Vision's Acquisition of Majority Stake in Quantum Transportation
TL;DR
Rail Vision gains a strategic edge by acquiring Quantum Transportation, combining quantum-AI IP with its railway safety tech to create new product synergies and market opportunities.
Rail Vision issued 2,982,710 shares for a 51% stake in Quantum Transportation, which holds an exclusive rail-focused sublicense to a pending quantum error correction patent from Tel Aviv University.
This merger enhances railway safety and data protection globally, potentially saving lives and improving efficiency for passengers and goods transportation through advanced quantum-AI technology.
Rail Vision's acquisition integrates quantum error correction patents with AI railway systems, pioneering the future of autonomous trains and secure rail data management.
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Rail Vision Ltd. (NASDAQ: RVSN) has completed the acquisition of a 51% majority stake in Quantum Transportation Ltd., expanding its technology capabilities into quantum-enabled data and IP protection.
This acquisition expands Rail Vision's technology roadmap beyond railway safety into quantum-enabled data and IP protection, creating potential synergies between quantum-AI intellectual property and Rail Vision's existing vision-based railway safety technologies.
Rail Vision issued 2,982,710 ordinary shares, representing approximately 4.99% of its outstanding share capital at signing, through a share exchange to acquire the 51% ownership interest.
Quantum Transportation holds an exclusive rail-focused sublicense to a pending quantum error correction patent from Ramot, the technology transfer company of Tel Aviv University.
Rail Vision extended a convertible loan facility of up to $700,000 to support Quantum Transportation's ongoing operations and development.
Rail Vision is a development stage technology company seeking to revolutionize railway safety and the data-related market through artificial intelligence-based technology specifically designed for railways, with potential applications in autonomous trains.
The combination creates potential synergies across current and future product lines, potentially advancing railway safety, increasing efficiency, reducing expenses for operators, and moving toward practical autonomous train technology.
The latest news and updates relating to RVSN are available in the company's newsroom at http://ibn.fm/RVSN.
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Curated from InvestorBrandNetwork (IBN)
