12:31 PM EDT, 04/03/2024 (MT Newswires) -- Rail Vision ( RVSN ) said Wednesday that it has received an order for its artificial intelligence-based switch yard system from the railway track maintenance provider Loram.

Financial terms were not disclosed but Rail Vision ( RVSN ) said the order will serve as a pilot project for Loram's rail track maintenance operations, the company said.

If successful, the companies will consider expanding the collaboration, Rail Vision ( RVSN ) added.

Shares of Rail Vision ( RVSN ) were nearly 4% lower in recent trading.

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