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News  ›  GlobeNewswire Inc.

Rail Vision Successfully Completes Strategic Acquisition of Majority Stake in Cutting-Edge Quantum Computing Company for Transportation

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Rail Vision Ltd.
Rail Vision Successfully Completes Strategic Acquisition of Majority Stake in Cutting-Edge Quantum Computing Company for Transportation

Rail Vision Ltd. (Nasdaq: RVSN) completed its acquisition of a 51% majority stake in Quantum Transportation Ltd., issuing 2,982,710 ordinary shares (4.99% of outstanding capital) and extending a $700,000 convertible loan facility. Quantum Transportation holds an exclusive sub-license for quantum error correction technology from Tel Aviv University's Ramot. The strategic combination aims to merge quantum-AI intellectual property with Rail Vision's vision and railway-safety technologies to enhance product lines and accelerate innovation.

Insights
RVSN   positive

The company successfully completed a strategic acquisition that expands its technological capabilities by integrating quantum computing and AI with existing railway safety technologies. The transaction demonstrates growth through M&A, access to cutting-edge quantum IP, and potential for enhanced product offerings and market value creation.

Keywords
#quantum computing #railway safety #acquisition #majority stake #quantum error correction #artificial intelligence #technology transfer #convertible loan

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RVSN RVSNW
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