Rail Vision Completes Acquisition of 51% Stake in Quantum Transportation
Rail Vision announced the completion of its previously announced strategic transaction to acquire a 51% ownership interest in Quantum Transportation. Quantum Transportation holds an exclusive sub license, for rail technologies and platforms, for an innovative pending patent application in quantum error correction owned by Ramot, the technology transfer company of the Tel Aviv University. This IP and additional know-how addresses critical challenges in noisy intermediate-scale quantum devices by enabling efficient, real-time decoding of surface code errors, significantly reducing computational overhead compared to traditional methods and supporting scalable fault-tolerant quantum computing. Through this transaction, Rail Vision and Quantum Transportation aim to combine quantum-AI based intellectual property protection and innovation with Rail Vision's advanced vision and railway-safety technologies. This strategic combination is expected to create meaningful technological synergies, enhance Rail Vision's current and future product lines, accelerate innovation, and support long-term value creation for stakeholders. Pursuant to the acquisition agreement announced on December 1, Rail Vision has completed the share exchange transaction, through which it acquired 51% of the issued and outstanding share capital of Quantum Transportation, thereby obtaining majority ownership and control. In connection with the closing, Rail Vision issued an aggregate of 2,982,710 ordinary shares, representing approximately 4.99% of the Company's issued and outstanding share capital as of the date of signing the acquisition agreement and prior to such issuance, to certain former shareholders of Quantum Transportation, in exchange for their full holdings, representing 51% ownership of Quantum Transportation. Following the closing, Quantum Transportation became a majority-owned subsidiary of Rail Vision. Additionally, upon closing of the acquisition, Rail Vision also extended to Quantum Transportation a convertible loan facility of up to $700,000, bearing interest at an annual rate of 8%, to be disbursed in tranches to support Quantum Transportation's operations and development roadmap. The loan is subject to the terms set forth in the acquisition agreement.
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Rail Vision's Quantum Subsidiary Achieves Breakthrough in Quantum Decoder Technology
- Technical Breakthrough: Rail Vision's subsidiary Quantum Transportation has successfully developed its first-generation transformer-based neural decoder, which, after rigorous validation, demonstrates significantly superior decoding accuracy and efficiency in quantum error correction compared to traditional algorithms, marking a major advancement in quantum computing.
- Architecture Optimization: The decoder utilizes a proprietary transformer architecture specifically optimized for the complex, high-dimensional structure of quantum error syndromes, completing in-depth benchmarking against the current state-of-the-art in quantum error correction decoding techniques, showcasing strong generalization capabilities.
- Intellectual Property Strategy: Quantum Transportation has established a solid intellectual property strategy, securing a defensible position for its transformative neural quantum error correction paradigm, which will help maintain a competitive edge in future technology pathway evaluations.
- Strategic Collaboration: This technological breakthrough will support the ongoing collaboration between Rail Vision and Quantum Transportation, combining Quantum Transportation's quantum-AI intellectual property with Rail Vision's advanced railway safety technologies to explore potential application areas in the future.
Rail Vision Ltd. Partners with IBN to Enhance Railway Safety Technology
- Technological Innovation: Rail Vision's rail-specific detection systems combine electro-optical sensors with artificial intelligence to enhance visibility and hazard detection across railway networks, thereby improving safety and efficiency in complex environments.
- Promotional Partnership: Rail Vision has partnered with IBN to leverage its network of over 5,000 key syndication outlets and social media channels, aiming to increase the company's visibility among investors and the public, thus facilitating market acceptance of its technology.
- Market Potential: Rail Vision's technology not only significantly enhances railway safety but also reduces costs for railway operators, aligning with the modernization of global rail infrastructure and the future needs of autonomous trains.
- Industry Impact: Through its collaboration with IBN, Rail Vision aims to promote its innovative technology globally, attracting more investor attention to accelerate its commercialization process and achieve long-term growth.
