What's Going On With Rail Vision Stock?

Rail Vision Ltd. RVSN shares are rocketing higher Tuesday. The company announced that its Main Line system had obtained formal certifications for European Union (EU) railway standards on Monday.

What To Know:

Rail Vision said that the EU certification underscores its commitment achievement to quality, safety, and innovation in the railway technology market.

“Achieving compliance with these EU standards marks a major milestone for Rail Vision and positions us ahead of the competition in the Railway technology market,” said Noam Shloper, head of quality and reliability at Rail Vision.

“Our team is driven by a commitment to support product quality and safety above all else, and we’re pleased to complete this important milestone that sets the stage for accelerated adoption of our Main Line system across the vast EU market.”

Last week, Rail Vision announced a leading US-based rail and leasing services company signed a supply contract valued at up to $5 million for the purchase of Rail Vision’s AI-based Switch Yard Systems.

“The signing of the contract with this customer is a significant milestone for Rail Vision, marking our entrance into the US market and reflecting our commitment to enabling the rail industry with cutting-edge AI-based technology,” said Rail Vision CEO Shahar Hania.

Rail Vision shares are one of the top trending tickers on StockTwits Tuesday and are climbing on very heavy trading volume. According to data from Benzinga Pro, more than 84 million shares have been traded in the session, compared to the stock’s 100-day average volume of 1.067 million shares.

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RVSN Price Action: According to Benzinga Pro, Rail Vision shares are up 250% at $7.88 at the time of publication.

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