Rail Vision Received An Initial Purchase Order Amounting To Approximately $1M As Part Of A Contract Valued At Up To $5M For The Purchase Of Rail Vision's AI-based ShuntingYard Products, Which Are Expected To Be Installed During Q3 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Rail Vision has received an initial purchase order of approximately $1M, part of a contract potentially worth up to $5M, for its AI-based Shunting Yard products. These products are slated for installation in Q3 of 2024.
April 11, 2024 | 11:24 am
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Rail Vision's initial $1M order under a contract that could total $5M for its AI-based Shunting Yard products marks a significant revenue opportunity, with installations planned for Q3 2024.
The initial purchase order and the potential total contract value represent a significant revenue opportunity for Rail Vision. This news is likely to be viewed positively by investors, as it not only demonstrates customer commitment but also the market's interest in Rail Vision's AI-based products. The specific mention of the installation timeline provides a clear future milestone that can help in assessing the company's performance and execution capabilities.
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RELEVANCE 100