Rail Vision (NASDAQ:RVSN) stock is climbing higher on Tuesday after the railway detection systems company announced a new order for its artificial intelligence (AI) powered Switch Yard System.
Rail Vision points out that this order comes from a Class 1 freight rail company in North America. It doesn’t name the company but mentions that it is “one of the largest in North America.”
Rail Vision says that this company will install and test the system on its locomotives. This will provide it with additional safety data while also increasing efficiency.
Rail Vision CEO Shahar Hania said the following about the order:
“We believe that this new order marks a significant milestone for Rail Vision emphasizing the rail industry’s confidence in our innovative rail management solutions. Our commitment to leveraging artificial intelligence and machine learning aims to redefine railway operations, elevating safety, efficiency, and reliability, while ensuring uninterrupted business operations across the network.”
RVSN Stock Movement Today
RVSN stock is experiencing heavy trading on Tuesday alongside the order. This has more than 33 million shares trading as investors buy them. That’s well above the company’s daily average trading volume of about 8.2 million shares.
RVSN stock is up 17.3% as of Tuesday morning.
There are more stock market stories traders need to know about below!
We have all of the hottest stock market news ready to go on Tuesday! That includes all the latest news for Acrivon Therapeutics (NASDAQ:ACRV), Destiny Tech100 (NYSE:DXYZ) and Laser Photonics (NASDAQ:LASE) stock. You can read up on all of these matters at the following links!
More Tuesday Stock Market News
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
