Rail Vision Acquires 51% of Quantum Transportation for Safety Synergies

Rail Vision, a technology company, has signed a non-binding term sheet to acquire a 51% ownership stake in Quantum Transportation, a quantum computing and AI company. The acquisition aims to combine Rail Vision's safety technologies with Quantum Transportation's quantum-AI based IP, creating potential synergies that will enhance Rail Vision's product lines and drive innovation.

Rail Vision Ltd. (Nasdaq: RVSN), a technology company specializing in railway safety and data-related markets, has signed a non-binding term sheet to acquire a 51% ownership stake in Quantum Transportation Ltd., a quantum computing and AI company. The acquisition aims to combine Rail Vision's advanced vision and safety technologies with Quantum Transportation's quantum-AI based intellectual property (IP), creating potential synergies that will enhance Rail Vision's product lines and drive innovation Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation^[1].

Under the terms of the term sheet, upon the closing of the Acquisition, Rail Vision will issue ordinary shares representing approximately 4.99% of its share capital to select Quantum Transportation shareholders in exchange for their full holdings in Quantum Transportation. Additionally, Rail Vision will extend a convertible loan of up to $700,000 at an 8% annual interest rate to support ongoing operations and development Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation^[1].

Quantum Transportation's patented machine learning-based universal decoder represents a breakthrough in quantum error correction, addressing the inherent noise in qubits that limits scalable quantum computing. This technology, developed by leading computer science experts and protected as patented IP, is code-agnostic, noise-aware, and scalable. It empowers quantum hardware companies and labs, particularly small- to medium-sized entities, to research and select optimal error correction schemes without in-house teams Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation^[1].

By utilizing this IP for transportation applications, including railway, Rail Vision aims to unlock new capabilities in anomaly detection, predictive maintenance, and autonomous rail operations, capitalizing on the growing quantum computing market projected to drive exponential advancements in transportation Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation^[1].

The transaction is conditioned on signing definitive agreements and key milestones and is expected to close within the next 60 days, subject to satisfaction of all conditions, including regulatory approvals Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation^[1].

Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. The company also believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality Rail Vision Signs Term Sheet to Boost Growth with Advanced AI Acquisition of 51% Stake in Quantum Transportation^[1].