QualityStocksNewsBreaks – Foresight Autonomous Holdings Ltd.’s (NASDAQ: FRSX) (TASE: FRSX) Rail Vision to Enter Multibillion Global Light Rail Market
Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, today announced that its affiliate, Rail Vision Ltd., has received an order from Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX), for two samples of the light rail vehicle (“LRV”) system. In addition, Knorr-Bremse has ordered customization, according to Knorr-Bremse’s requirements, of Rail Vision’s LRV system. According to Global Industry Research, the global market for light rail is estimated at $8.6 billion in 2020 and projected to reach $10.8 billion by 2027. “Knorr-Bremse continues to show its vote of confidence in Rail Vision’s…