The MOU reflects the parties’ mutual interest in expanding their collaboration following Railserve’s successful evaluation and deployment of Rail Vision’s ShuntingYard perception systems. The parties intend to discuss additional deployments of Rail Vision’s systems, new use cases, rail car mover applications, broader rail yard solutions, and other mutually agreed commercial opportunities.

In January 2024, Rail Vision and Railserve entered into a commercialisation agreement for the deployment of Rail Vision’s AI-based ShuntingYard systems. The collaboration between the parties has progressed Rail Vision’s system from an advanced driver assistance system (ADAS) to an active, intervening platform supporting semi-autonomous operations.

David BenDavid, CEO at Rail Vision, said:

"This MOU marks an important step in potentially expanding our collaboration with Railserve. We believe our ShuntingYard perception systems can support a broader range of rail yard operations and operational requirements, while creating new opportunities for deployment across the Marmon Rail Group. We also believe there is a strong potential for integrating our technology with rail car movers and other rail yard solutions to enhance safety and operational continuity."

The expansion of the existing collaboration between Rail Vision and Railserve is subject to the execution of an additional binding agreement.

About Railserve Inc.

Railserve is North America’s leading on-site industrial rail services company, operating rail switching, material handling, track services, and locomotive repair services across 100+ locations. Backed by decades of experience and deep operational expertise, Railserve focuses on safety and pioneering innovation to help customers keep railyard operations safe, reliable, and running efficiently.

Railserve is a Marmon Rail company, a part of Marmon Holdings, a Berkshire Hathaway company.

www.Railserve.com

Rail Vision (Nasdaq: RVSN) is an early commercialisation stage technology company transforming railway safety through advanced AI-integrated sensing systems. The Company develops and commercialises proprietary, multi-spectral electro-optic platforms that provide extended-range situational awareness and real-time hazard detection. Using machine learning algorithms to identify and classify obstacles, Rail Vision’s technology enhances safety, improves operational efficiency, and supports continuity across deployments.

The Company’s cloud-based platform complements its products by transforming railway operational data into actionable insights that help optimise performance, reduce downtime, and improve safety. As the Company expands its global footprint, it delivers AI-driven perception that supports safer operations, reduces operational risk, and enables the transition to fully autonomous operations.

Rail Vision holds a 51% stake in Quantum Transportation, which has an exclusive sub-licence for rail technologies under an innovative pending patent in quantum error correction owned by Ramot, the technology transfer company of Tel Aviv University.

www.railvision.io

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