Rail Vision-Quantum AI: Revolutionizing Rail Safety & Efficiency

“`html

Introduction

Rail Vision Ltd. has announced a non-binding term sheet to acquire 51% ownership of Quantum Transportation Ltd., a quantum computing and artificial intelligence (AI) company. The aim is to merge quantum-AI innovation with Rail Vision’s existing safety and vision technologies. The transaction is expected to close within 60 days.

Acquisition Terms

Upon completion of the transaction, 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 the company. Additionally, Rail Vision intends to provide a convertible loan of up to USD 700,000 to Quantum Transportation at an 8% annual interest rate. The loan will be disbursed in tranches and will be repayable in a single installment within 24 months. It may be converted, at Rail Vision’s discretion, into Quantum Transportation’s most senior class of shares.

Quantum Transportation’s Technology

Quantum Transportation’s core technology is a machine learning-based universal decoder, a major advancement in quantum error correction. The patented solution is code-agnostic, noise-aware, and scalable, enabling it to operate across diverse hardware platforms and code sizes. This innovation allows quantum hardware manufacturers and research laboratories to test and optimize error correction methods.

Strategic Goals

By leveraging this intellectual property, Rail Vision aims to develop quantum-AI powered systems for transportation applications, focusing on anomaly detection, predictive maintenance, and autonomous operations in railways. The company sees the growing quantum computing market as a driver for improvements in transport efficiency and safety.

Management Commentary

David BenDavid, CEO of Rail Vision, stated, “We believe that this potential strategic acquisition of Quantum Transportation would mark a transformative step for Rail Vision, blending our rail-focused AI expertise with groundbreaking quantum error correction to redefine safety and efficiency in the global railway sector.”

Conclusion

Rail Vision is seeking to acquire 51% of Quantum Transportation to integrate quantum-AI technology with its existing systems. The acquisition is subject to definitive agreements, milestones, and regulatory approvals and is expected to close within 60 days.

Company Summary

Rail Vision Ltd.: Rail Vision is a company focused on rail-focused AI expertise and vision technologies.

Quantum Transportation Ltd.: Quantum Transportation is a quantum computing and AI company specializing in quantum error correction technologies.

Technology

AI (Artificial Intelligence): A branch of computer science focused on creating machines capable of performing tasks that typically require human intelligence.

“`