Rvsn expands to India

Rail Vision Signs Exclusive Agreement with Leading Indian Rail Supplier to Penetrate the Indian Rail Market Rail Vision (RVSN) has signed a binding Memorandum of Understanding (MOU) with Sujan Ventures, a division of the Sujan Group, to introduce its advanced railway safety systems to the Indian market. The agreement targets India's national railway system, which operates approximately 15,000 locomotives. Under the MOU terms, Sujan Ventures will lead local efforts and have exclusive distribution rights in India. The collaboration will begin with a trial of Rail Vision's systems at customer facilities. Upon approval, the parties will proceed with a definitive agreement. Sujan Ventures will make an initial upfront payment and additional milestone-based payments. The partnership aims to position Rail Vision's technologies for inclusion in future tenders requiring thousands of locomotives to be equipped with advanced accident avoidance systems, particularly for adverse weather conditions. The collaboration also aligns with India's 'Make in India' initiatives, ensuring locally-sourced safety systems meet global standards. https://www.stocktitan.net/news/RVSN/rail-vision-signs-exclusive-agreement-with-leading-indian-rail-y9p5ewcv5gp4.html