Rail Vision (NASDAQ: RVSN) received approval and certification from EU regulators for its Main Line system, leading to a remarkable surge of nearly 200% in RVSN stock on Tuesday.
Rail Vision (NASDAQ: RVSN) has achieved formal EU railway standard certifications for its Main Line system.
The Main Line system from Rail Vision has secured certification for compliance with EN 50155, a standard that establishes the criteria for hardware equipment in railway applications. This certification guarantees the durability and dependability of the components used in rolling stock. The compliance underscores Rail Vision’s system’s capability to endure the demanding physical requirements of railway operations. In addition, the system fulfills the stipulations of EN 50126, which emphasizes the specification and demonstration of Reliability, Availability, Maintainability, and Safety (RAMS). This standard holds supreme significance in the railway industry as it guarantees the consistent performance and safety of the system.
Moreover, Rail Vision’s system adheres to the EN 50657 standards related to on-board rolling stock software. This adherence guarantees that the software incorporated into the company’s Main Line system upholds the highest standards of safety and functionality, which are essential for the seamless operation of modern trains. The Main Line system also complies with EN 45545 standards concerning fire protection on railway vehicles.
Noam Shloper, Rail Vision’s Head of Quality and Reliability, made the following statement regarding the EU approval,
“Securing compliance with these EU standards represents a significant achievement for Rail Vision and gives us a competitive edge in the Railway technology market.”
He further stated,
“Our team is driven by a commitment to support product quality and safety above all else, and we’re pleased to complete this important milestone that sets the stage for accelerated adoption of our Main Line system across the vast EU market.”
Rail Vision (NASDAQ: RVSN) Stock Reaction
By the end of Tuesday, RVSN stock had seen a substantial rise of 195.56%, with a trading volume of 107,368,376 (107.36 million) shares, which remarkably surpassed the company’s average daily trading volume of 2.82 million.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
