Shahar Hania on rail safety
From Rail Vision (NASDAQ: RVSN) · · Emerging Growth Conference
“A train driver can see and classify in daylight only 300–400 meters and at night almost nothing, while the braking distance of a train is about half a mile, so the driver is irrelevant in avoiding accidents; our system can classify up to two kilometers and provide alerts so the driver can stop the train.”
On , Shahar Hania, CEO at Rail Vision, spoke about rail safety during Rail Vision (NASDAQ: RVSN) on Emerging Growth Conference.
About Shahar Hania
Shahar Hania, CEO and co-founder of Rail Vision, discussed the company's technology and market position in investor calls in April 2023. He stated that Rail Vision's obstacle detection system can classify objects up to two kilometers away, compared to a train driver's visibility of 300–400 meters in daylight, and argued that this makes the system necessary for preventing accidents. Hania cited a derailment in Minnesota as an example of an incident he said could have been avoided with Rail Vision's technology. He also noted that the company had completed a long-term pilot with Hitachi for Rio Tinto in Australia and signed a contract with Israel Railways. Hania said Rail Vision is the only company to have "broken the glass ceiling" of entering the railway obstacle detection market through homologation. He acknowledged that the company would need another funding round and expected it to be supported by Knorr-Bremse, as previous rounds had been. Hania reported that Rail Vision's capital investment to date was about $63 million, with a cash balance of approximately $10.4 million as of September 2022. He told investors that "a half a year ago, one year ago it will probably be the last time that you'll be able to invest in Rail Vision at this evaluation."